Cash ISAs: The Best Currently Available List

Rich2808

Yellowman said:

Rich2808 said:

Emily_Joy said:

Rich2808 said:

Emily_Joy said:

Just in case anyone else is looking to transfer maturing funds from Skipton Fixed Rate to Coventry, if you send the transfer form before the fixed term ends  instructing to transfer on maturity, you have to request full transfer and closure. Skipton doesn't allow partial transfers in this scenario: the transfer will be rejected. 

What is worse is that Coventry sends you a letter by snail mail informing that the transfer has been rejected and you need to submit the instructions again. So could easily run out of time. 

I am very much put off doing transfers to Coventry by their total disregard for customer's personal data. I did two transfers to them recently and they sent confirmation letters with the following personal information on the back - 

Full Name
full date of birth
NI number
Home telephone
Work tel
Mobile
Full email address
Full Account numbers of ISA being transferred from and to

None of this was asterisked - or redacted - all this personal data was provided in full in a printed letter sent by standard (not secure) post. And the amount they waste in postage - sending two letters with the same data on the same day! I can't believe a major building society can be so incompetent to do this - when it is totally unnecessary to include all the personal data they hold on me to confirm an ISA transfer. No one else feels the need to do this! Surprised they didn't also include my username and password for online banking too!

In all honesty I never noticed what is printed at the back. But the paper is useful for starting the log burner so I don't mind.

I note people's concern about the paper in the post - but my issue is more serious as this story highlights. Just intercept a letter from the Coventry about an isa transfer - with far more detail supplied than was needed here - and imagine what you could do if a scammer. This just is not acceptable to send all this unredacted personal data in the regular post everytime someone transfers in an isa to them - this is likely to be tens of thousands of communications a year?!

https://www.bbc.co.uk/news/articles/ckg885lxd3jo

A man targeted by fraudsters who got his mobile phone number from an energy company said he often woke up in the night thinking "what next?".

Stephen, from Hertfordshire, had more than £40,000 taken from a savings account after his name and email address was used to get the information from EDF.

Within 48 hours of his mobile phone number being divulged, his accounts with O2, Nationwide Building Society and Virgin Media had all been compromised.

How is it possible for fraudsters to gain access to accounts with only a mobile phone number?

Would this be why it is often advised to protect a mobile phone SIM card with a PIN?

Because - as highlighted - they also had his name and email address. Imagine what they could do with a date of birth, full name, NI no, full address and details of the bodies you bank with as well.

Hopefully Stephen wasn't a Coventry customer who had just done an isa transfer.....

I won't dwell on this point - but Coventry was offering a best buy product until recently so I am just flagging this so potential customers are aware of the process. Apparently they have to do this by law - but oddly no other ISA provider feels the need to send all personal unredacted data held on the back of a letter in the post everytime an isa transfer is done.

A potential risk - if you want your funds sent to Coventry!!

dealyboy

... it seems the Chip Cash ISA offer has morphed into MARCHBOOST ...
https://www.getchip.uk/savings-accounts/cash-isa 5.00% AER boosted rate for 6 months.

SnowMan

pecunianonolet said:

Does anyone know if Kent Reliance has announced any rate reductions not reflected yet?

Thinking of opening their Easy Access ISA at 4.56%. My Virgin fix comes to an end on the 31st March and I am thinking to split my funds and put some into a Virgin Easy Access Cash ISA Exclusive Issue 2 as it is flexible and only marginally lower at 4.51% and the remaining into Kent Reliance for the slightly higher rate (makes a little difference on higher sums).

However, there is no point opening and instructing a transfer when a rate cut has already been announced by them to come into force later this month. I know, there is BOE meeting later this month as well. 

https://www.kentreliance.co.uk/products/isas/easy-access-cash-isa

Thoughts?

Kent Reliance have brought out (non ISA) easy access savings account issue 77 yesterday (4.55% AER) to replace issue 76 (4.56% AER). Don't appear to be obviously reducing the rate on issue 76.

So perhaps it looks like the easy access ISA issue 55, at 4.56% AER will be maintained for the time being, rather than there being an imminent cut in rate due because of the recent base rate fall. I have this issue 55 ISA and I've had no notification of a drop.

Nick_C

I see that Principality now do electronic ISA transfers.  I requested a partial transfer from Principality to Skipton on Tuesday, the money has just arrived in my Skipton account.  Very impressed 🙂

Stolas

Cynergy 4.46% 1 year fix has just appeared on Money Facts.

Stolas

Oak North bouncing back with a 1 year fix at 4.45% 

Fingers crossed for a little boost in rates before the end of the tax year.

pecunianonolet

Transfer requested online at Virgin Money ISA website to move my ISA from West Brom BS. Requested 5th March and funds transferred and all completed today. 2 days is not bad going and impressed again with how well Virgin handled everything. 

1spiral

Do Charter process Isa transfers electronically or are they old school and require cheques?

I want to open their easy access Isa but have had so much trouble in the past with cheque transfers that I avoid them at all costs.

dave_dph

1spiral said:

Do Charter process Isa transfers electronically or are they old school and require cheques?

I want to open their easy access Isa but have had so much trouble in the past with cheque transfers that I avoid them at all costs.

Electronic. Just transferred from West Bromwich to Charter.

Aidanmc

Principality BS Online Bonus 5 Access Cash ISA Issue 4

4.70%