Cash ISAs: The Best Currently Available List

Rich2808

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.

Kim_13

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.

I transferred an ISA to them to secure the 6 Access ISA and received the same. I have another transfer to do later this month but will take the Skipton Tracker at 0.05% less. It’ll cost me a stamp as Saffron don’t support electronic transfers whereas I could drop the form into a Coventry branch, but it’s a price I’ll happily pay. Coventry are new money only for me.

Rich2808

Kim_13 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.

I transferred an ISA to them to secure the 6 Access ISA and received the same. I have another transfer to do later this month but will take the Skipton Tracker at 0.05% less. It’ll cost me a stamp as Saffron don’t support electronic transfers whereas I could drop the form into a Coventry branch, but it’s a price I’ll happily pay. Coventry are new money only for me.

Great - lets of course hope no one ever intercepts your post from the Coventry, gets access to all your personal data (NI no, email, date of birth, home and mobile phone nos, full savings account numbers from the isa transferred to and from etc) and you lose all your savings. I expect Stephen was relaxed as well about his personal data - until he lost £40,000!

The sending of all this data unredacted on the back of an isa transfer confirmation letter is totally unnecessary - and places customers at risk of identity fraud! Maybe it won't happen to you - but they need to stop doing this - because it is a breach of data protection.

Yellowman

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?

Kim_13

Rich2808 said:

Kim_13 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.

I transferred an ISA to them to secure the 6 Access ISA and received the same. I have another transfer to do later this month but will take the Skipton Tracker at 0.05% less. It’ll cost me a stamp as Saffron don’t support electronic transfers whereas I could drop the form into a Coventry branch, but it’s a price I’ll happily pay. Coventry are new money only for me.

Great - lets of course hope no one ever intercepts your post from the Coventry, gets access to all your personal data (NI no, email, date of birth, home and mobile phone nos, full savings account numbers from the isa transferred to and from etc) and you lose all your savings. I expect Stephen was relaxed as well about his personal data - until he lost £40,000!

The sending of all this data unredacted on the back of an isa transfer confirmation letter is totally unnecessary - and places customers at risk of identity fraud! Maybe it won't happen to you - but they need to stop doing this - because it is a breach of data protection.

I completely agree and certainly am not relaxed about my personal data - but did not think Coventry put it unredacted into the normal post unless you transfer an ISA to them. It isn’t something I knew about when I did the transfer to them a few years ago and is not a mistake I will make again - hence opting for a lower rate transfer elsewhere rather than Coventry’s lax approach to data security for the sake of a few extra pounds. The Government could improve the situation by insisting that everyone has to support electronic transfers.

Why Coventry cannot list the details within the account area online and send an email prompting the customer to review them is beyond me. Those who are not online should be offered the choice of going to branch or calling to check them before anything is put in the post.

pecunianonolet

To bring this back on topic. 

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?

Growingold

pecunianonolet said:

To bring this back on topic. 

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?

Do you already have the Virgin Easy Access Cash ISA Exclusive Issue 2 as I an't see it listed on their website?  My Virgin Fixed Rate ISA also ending31/03

dave_dph

pecunianonolet said:

To bring this back on topic. 

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

Thinking of opening their Easy Access ISA at 4.56%.

Tembo have increased their instant access rate to 4.6% this week, if that's of any interest to you. I'm currently transferring to them from Coventry and West Brom.

pecunianonolet

Growingold said:

pecunianonolet said:

To bring this back on topic. 

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?

Do you already have the Virgin Easy Access Cash ISA Exclusive Issue 2 as I an't see it listed on their website?  My Virgin Fixed Rate ISA also ending31/03

Yes, I opened this account speculatively around a year ago because the T&C's said that the minimum funding is £0 so it sat there. I guess you are also on the 5.25% fix.

dave_dph said:

pecunianonolet said:

To bring this back on topic. 

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

Thinking of opening their Easy Access ISA at 4.56%.

Tembo have increased their instant access rate to 4.6% this week, if that's of any interest to you. I'm currently transferring to them from Coventry and West Brom.

Thanks for the note, not had them on my list and this might be a good option. Question is for all of them on how the rates develop.at the next BOE meeting.

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!!