Cash ISAs: The Best Currently Available List

Zaul22

Are ISA transfers reliable these days or do they still sometimes go wrong or take ages?

Rheumatoid

Zaul22 said:

Are ISA transfers reliable these days or do they still sometimes go wrong or take ages?

I think generally ok but I have this morning put in a complaint to Vanguard as my S&S transfer to a Coventry cash ISA has stalled due to VG not providing the required paperwork 🤬

[Deleted User]

slinger2 said:

Shawbrook 1 year fixed rate cash ISA is now 4.52%AER (issue 117) a marginal increase. Minimum £1k.

As is generally the case for Shawbrook: "Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term" This relates to new money. Transfers in should be made at opening, although it says "Transfer requests received after your initial account application may be refused."

I have read the Ts and Cs, I believe it is one you can continue to pay into throughout the new tax year?

refluxer

[Deleted User] said:

slinger2 said:

Shawbrook 1 year fixed rate cash ISA is now 4.52%AER (issue 117) a marginal increase. Minimum £1k.

As is generally the case for Shawbrook: "Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more money into your account until the expiry of the fixed term" This relates to new money. Transfers in should be made at opening, although it says "Transfer requests received after your initial account application may be refused."

I have read the Ts and Cs, I believe it is one you can continue to pay into throughout the new tax year?

You can pay new ISA subscriptions into it every tax year until it matures, just as slinger2 mentined above... "you can continue to put more money into your account until the expiry of the fixed term" This relates to new money."

flobbalobbalob

surreysaver said:

sammy_zammy said:

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.

It is confusing and misleading, as you would need to leave that money in there for a year to earn that rate. Which it won't. 
I will always use the 'gross' rate for my comparisons, as that is the more accurate figure, especially when the money will be in the account for less than a year.
I note certain organisations, such as Trading 212, do not provide the gross figure. No doubt to be deliberately misleading.
If the regulator requires organisations to provide figures for comparison, for periods other than a year, then the figure for the period, in this case a quarter, should be used.

I notice Martin Lewis best buys for broadband give an equivalent annual rate taking into account the offers that go with it. He should do the same with his top savings/ISA recommendations.

Patr100

As my Zopa bonus is dropping I have now signed on with Trading212 to transfer over -  it said as they were having increased demand from this provider (ie Zopa) so it would possibly take up to 7 days and I was at the time about 497th in the queue.
I'm Ok with the delay as had no more ISA limit to use for this year anyway.

VNX

Plum chip trading 212 money box keep upping their 3 month bonus rates by a smidge.

i can’t take advantage of trading 212, plum don’t offer the decent rate for transfers I believe 

chip I’ve read if people concerned about snooping on current account and roundups, anyone got any experience of the chip ISA.

or moneybox 

thank you

pecunianonolet

pecunianonolet said:

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

Rates have increased again this morning for Moneybox and Chip.

flaneurs_lobster

pecunianonolet said:

pecunianonolet said:

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

Rates have increased again this morning for Moneybox and Chip.

I'll admit to getting a little giddy with the excitement of being able to open/contribute to as many Cash ISAs as I like this year, I've got all of the above, all but one have less than £10 in.

Can I assume that all the above 5.n% rates are only available to new applicants (and new applicants to the app not just the ISA product)?

Beeblebr0x

I assume the rate increase is only for new Moneybox customers as I've had no emails from them?