Cash ISAs: The Best Currently Available List

ToastLady

Gambler said:

flobbalobbalob said:

Monument ISA. 
They say they are gradually making transfers in available. Has anyone got this feature on their app yet please?

I asked them about this before Christmas but they couldn't confirm a date.

I don't think their rate has changed since then either.

I've also had the email from Zopa. Tempted to go with their 1 year fix at 4.4% as I really like their app and I'm not interested in the likes of Plum with so many rules.

If Monument aren't offering transfers in soon, am more tempted by Vanquis fixed, currently at 4.51%, and I already have accounts with them. Still not decided yet though, and willing to stay with Zopa if they offer another 1 year boost, but they'll have to do it pronto.

Eirambler

I'm in the same position as a few others here. We have two Virgin ISAs and a Zopa which all look like they're about to become uncompetitive by the end of the tax year. 

Not interested in any of the short term bonus rates and, after a bit of DYOR, the likes of Tembo and Plum aren't looking like the way to go either.

Hopefully, after the interest rate hold, we'll see a few better options come up between now and April 5th. When you're stuffing ISAs every year the difference of even 0.1% in terms of rate becomes a reasonably significant sum after a few years.

Saver73

I opened my ISA with Ford Money because it's been available at what I think is a steady rate 4.35% for a long time and they have good customer service, no issues in opening accounts or moving/transferring money.

I could get a higher rate, a bonus, have issues in opening, and or transferring, could be rubbish customer service.  Not worth it for me.  I had my fun chasing the interest rates when they were high.

Though saying that the rate on the Ford Money account will probably drop!

Gambler

ToastLady said:

Gambler said:

flobbalobbalob said:

Monument ISA. 
They say they are gradually making transfers in available. Has anyone got this feature on their app yet please?

I asked them about this before Christmas but they couldn't confirm a date.

I don't think their rate has changed since then either.

I've also had the email from Zopa. Tempted to go with their 1 year fix at 4.4% as I really like their app and I'm not interested in the likes of Plum with so many rules.

If Monument aren't offering transfers in soon, am more tempted by Vanquis fixed, currently at 4.51%, and I already have accounts with them. Still not decided yet though, and willing to stay with Zopa if they offer another 1 year boost, but they'll have to do it pronto.

I ended up transferring to T212 so transfers are not a priority for me anymore. I always opt for flexible as I also have an offset mortgage.

Am I right in thinking I could just take the current year 20K for Zopa and open in Monument instead as both are flexible?

flobbalobbalob

Gambler said:

ToastLady said:

Gambler said:

flobbalobbalob said:

Monument ISA. 
They say they are gradually making transfers in available. Has anyone got this feature on their app yet please?

I asked them about this before Christmas but they couldn't confirm a date.

I don't think their rate has changed since then either.

I've also had the email from Zopa. Tempted to go with their 1 year fix at 4.4% as I really like their app and I'm not interested in the likes of Plum with so many rules.

If Monument aren't offering transfers in soon, am more tempted by Vanquis fixed, currently at 4.51%, and I already have accounts with them. Still not decided yet though, and willing to stay with Zopa if they offer another 1 year boost, but they'll have to do it pronto.

I ended up transferring to T212 so transfers are not a priority for me anymore. I always opt for flexible as I also have an offset mortgage.

Am I right in thinking I could just take the current year 20K for Zopa and open in Monument instead as both are flexible?

Even though the ISA's are flexible, the ISA rule is you can only withdraw and reinvest into the same ISA in the same tax year. 

slinger2

Gambler said:

ToastLady said:

Gambler said:

flobbalobbalob said:

Monument ISA. 
They say they are gradually making transfers in available. Has anyone got this feature on their app yet please?

I asked them about this before Christmas but they couldn't confirm a date.

I don't think their rate has changed since then either.

I've also had the email from Zopa. Tempted to go with their 1 year fix at 4.4% as I really like their app and I'm not interested in the likes of Plum with so many rules.

If Monument aren't offering transfers in soon, am more tempted by Vanquis fixed, currently at 4.51%, and I already have accounts with them. Still not decided yet though, and willing to stay with Zopa if they offer another 1 year boost, but they'll have to do it pronto.

I ended up transferring to T212 so transfers are not a priority for me anymore. I always opt for flexible as I also have an offset mortgage.

Am I right in thinking I could just take the current year 20K for Zopa and open in Monument instead as both are flexible?

No to the last part. Since April 2024 you can only replace in the same flexible ISA you withdrew it from. 

flobbalobbalob

I'm not impressed with Zopa's new ISA at 3.8% APR plus a bonus of 1.21% APR which only lasts 3 months and for new accounts only. It seems designed to bypass the ability to compare products using APR and get itself at the top of some tables. Yet over 1 year it's a bad deal. 

I've lost any confidence in saving with them.

Eirambler

flobbalobbalob said:

I'm not impressed with Zopa's new ISA at 3.8% APR plus a bonus of 1.21% APR which only lasts 3 months and for new accounts only. It seems designed to bypass the ability to compare products using APR and get itself at the top of some tables. Yet over 1 year it's a bad deal. 

I've lost any confidence in saving with them.

Could take it for the three months and then move on I suppose? If enough people did it it might put them off trying it again in future.

ToastLady

Eirambler said:

flobbalobbalob said:

I'm not impressed with Zopa's new ISA at 3.8% APR plus a bonus of 1.21% APR which only lasts 3 months and for new accounts only. It seems designed to bypass the ability to compare products using APR and get itself at the top of some tables. Yet over 1 year it's a bad deal. 

I've lost any confidence in saving with them.

Could take it for the three months and then move on I suppose? If enough people did it it might put them off trying it again in future.

Unfortunately it is only for new customers, so existing customers are given 3.8% come 6/4/25 for many of us. If they offer another yearly bonus, might take them up on it, but if not, will be shifting.
It's not just Zopa though, all of those offering the top rates are at it, only giving 3 months bonus, other than Plum (12 months). Am giving them all a wide berth for the new tax year. When you whack off the short lived bonus, none of them are a good deal to me.

Eirambler

Yes I'm the same. Hoping the upcoming tax year will bring some better options forward, there's definitely a gap in the market.