Cash ISAs: The Best Currently Available List

Kim_13

intalex said:

Kim_13 said:

Skipton’s Base Rate Tracker ISA Issue 7 NLA.

They appear to have replaced it with a Quadruple Access Cash ISA Saver paying 0.1% more instead - 4.35% AER

Anyone remember if this Skipton BRT account requires a minimum balance?

Hoping to open the 4-access and move most of my BRT ISA balance into it, but keep the BRT open as an option to move funds back if the 4-access rate drops below the BRT in the coming months...

Min £1, they don’t allow partial internal transfers so you’d have to partial transfer externally and then back to the Quadruple Access.

pecunianonolet

The ISA battle intensifies with T212 and Moneybox having raised their rates (bonuses) again.

Beeblebr0x

The annoying thing with MB is the new rates are for new customers only 

pecunianonolet

Beeblebr0x said:

The annoying thing with MB is the new rates are for new customers only 

Agree, my bonus rate comes to an end in a few days so just initiated to switch out to Virgin Exclusive ISA 2, which I still hold at 4.51% before I decide what to do. Still hesitating going to Zopa and they don't take transfer ins from Moneybox anyway so Virgin seems a good place to consolidate as it is instant access and flexible and the rate isn't too bad for parking funds there for a short while before their drop comes into play in May.

intalex

Kim_13 said:

intalex said:

Kim_13 said:

Skipton’s Base Rate Tracker ISA Issue 7 NLA.

They appear to have replaced it with a Quadruple Access Cash ISA Saver paying 0.1% more instead - 4.35% AER

Anyone remember if this Skipton BRT account requires a minimum balance?

Hoping to open the 4-access and move most of my BRT ISA balance into it, but keep the BRT open as an option to move funds back if the 4-access rate drops below the BRT in the coming months...

Min £1, they don’t allow partial internal transfers so you’d have to partial transfer externally and then back to the Quadruple Access.

Opened the 4-access and there is an "internal transfer" option to deposit where it allows you to select the BRT as the source and specify any amount for transfer, but it also states (rather mildly) that one should use the "transfer another Skipton ISA" option to protect one's ISA allowance, which implies (but doesn't explicitly state) that using "internal transfer" would be considered a withdrawal and re-deposit. However, given that both are flexible ISAs, would one really lose their ISA wrapper on the transferred funds if they used the used the "internal transfer" option?

I guess it may well be one to ask Skipton themselves about...

Kim_13

intalex said:

Kim_13 said:

intalex said:

Kim_13 said:

Skipton’s Base Rate Tracker ISA Issue 7 NLA.

They appear to have replaced it with a Quadruple Access Cash ISA Saver paying 0.1% more instead - 4.35% AER

Anyone remember if this Skipton BRT account requires a minimum balance?

Hoping to open the 4-access and move most of my BRT ISA balance into it, but keep the BRT open as an option to move funds back if the 4-access rate drops below the BRT in the coming months...

Min £1, they don’t allow partial internal transfers so you’d have to partial transfer externally and then back to the Quadruple Access.

Opened the 4-access and there is an "internal transfer" option to deposit where it allows you to select the BRT as the source and specify any amount for transfer, but it also states (rather mildly) that one should use the "transfer another Skipton ISA" option to protect one's ISA allowance, which implies (but doesn't explicitly state) that using "internal transfer" would be considered a withdrawal and re-deposit. However, given that both are flexible ISAs, would one really lose their ISA wrapper on the transferred funds if they used the used the "internal transfer" option?

I guess it may well be one to ask Skipton themselves about...

By the letter of HRMC's new any flexible withdrawal can only be returned to the flexible ISA it was withdrawn from without counting toward your ISA allowance rule, yes, as the two ISAs have different account numbers despite being with the same manager.

Then again, only Skipton would know whether they report to HMRC one combined subscription total for all ISAs someone has subscribed to with them in a year, or splits them out - HMRC would only see a problem if it was the latter and there wasn't enough spare allowance to cover the transfer in any event.

Skipton historically didn't offer portfolio ISAs, so it may be that they do the latter.

VNX

I cant take advantage of T212 as i am not a new customer but i have never had moneybox account so am looking at their ISA just for 3 months. 

its three withdrawals a year, would i be right in thinking, transfer the £20k ish i have in ZOPA now to moneybox, then three months later just transfer it to another ISA provider as long as i dont withdraw more than 3 time which would be fine.

i assume the transfer out would not count as a withdraw? or would it does anyone know?

thanks

2010

Earn a market-leading 5.32%* AER (variable) with the Moneybox Cash ISA

Open or transfer an account in minutes before the tax year ends on 5th April. 

• Underlying rate of 4.20% AER (variable) with a 1.12% fixed 3 month bonus

• Save £20,000 a year with tax-free interest

• Minimum balance £500

• Up to 3 withdrawals every 12 months without impacting your rate

surreysaver

I think it's misleading to use the term 'AER' when the rate finishes after three months.
I made this argument when Principality launched their 6 month regular savers, but people disagreed with me

sammy_zammy

surreysaver said:

I think it's misleading to use the term 'AER' when the rate finishes after three months.
I made this argument when Principality launched their 6 month regular savers, but people disagreed with me

Because it’s not misleading at all. Interest is calculated daily, and the AER is the standardised measure of representing the interest. That’s why it’s called the “annual equivalent rate”.

If it were a fixed term account that you couldn’t easily leave I’d at least get where you’re coming from. But it isn’t. I want to know how much interest my money is earning on a given day.