Cash ISAs: The Best Currently Available List

BigBlueSky

moi said:

darren72 said:

Just opened the Moneybox Cash ISA @ 5.39% and see it is now up to 5.56%.

I've put in my request already to transfer my existing ISA from elsewhere.

Has in a similar situation and had any luck getting them to increase the rate whilst still at a £0.00 balance ?

Back in Oct/Nov, before I funded the account they increased the rate for new applications. They wouldn't do the new rate, but did say I could delete my entire profile and re-apply from scratch.

Thanks.  Is deleting the profile something they need to do?

dlevene

Tembo seem pretty good: good rate and no messing around with bonuses.

Not flexible, which I know is an issue for some, but fine for me.

Anybody had any experience?

darren72

dlevene said:

Tembo seem pretty good: good rate and no messing around with bonuses.

Not flexible, which I know is an issue for some, but fine for me.

Anybody had any experience?

I've also got an account with them.  Got a free £50 for signing up.  So far so good.  Transferred an ISA to them and it was straightforward and completed quickly.

Bridlington1

Plum Cash ISA now 5.6%

friolento

dlevene said:

Tembo seem pretty good: good rate and no messing around with bonuses.

Not flexible, which I know is an issue for some, but fine for me.

Anybody had any experience?

I had a very swift transfer-in at Tembo and wanted to do another one but they have now “paused transfers-in due to excess demand”

pecunianonolet

Warning of Moneybox.

Transfer request submitted to Virgin Money on 24th March
Virgin sent an email that they informed Moneybox on the 26th March (1am the email arrived). 
Moneybox sent an email that the transfer out has started on the 28th March

My Moneybox bonus rate expired on the 29th March and I should have been dropping down to a 4.2% rate as they announced that they raise the underlying rate. Since the email arrived the account is frozen, they did credit the interest. 

Now, on 29th March the app shows that the rate went down to 3.75% (with their announced boost of the underlying rate it should have ben 4.2%).

On 31st March the rate dropped down to 0.75% in the app, they also sent an email the same day telling me that the underlying rate increases to 4.2% and will take effect from the next working day, which would have been the 1st of April. 

In that very same email they say at the very bottom:

"Interest rate subject to conditions. A lower rate of 0.75% AER (variable) applies if account conditions aren’t met."

On Monday 1st April they send me another email telling me that my rate has gone down because I no longer hold the minimum of £500, which is the minimum balance.

My balance showing in my frozen ISA is above that and yet, the app shows 0.75%. They have now technically 15 days from the date they received the transfer out request (27th March as confirmed by CS) to exploit me with that 0.75%, which should not be there in the first place. 

Customer service wrote me that the 4.2% rate was applied after my bonus rate expired, yet, the app doesn't show it. 

Raised a formal complaint now with them as this is unacceptable. 

Think twice if you are tempted by their offer.

*I would welcome a policy change to reduce the number of 15 days to 5 days in the ISA guidance. 15 days is no longer fit for purpose in the digital world we are in.

Zaul22

dlevene said:

Tembo seem pretty good: good rate and no messing around with bonuses.

Not flexible, which I know is an issue for some, but fine for me.

Anybody had any experience?

They are good in terms of easy to use, but they have app only security and don't use the nominated account system. 

RG2015

friolento said:

flaneurs_lobster said:

pecunianonolet said:

All the deals of 5%+ are for new customers only and that means new to the institution and app. the only exception seems to be Zopa. I opened an ISA with them around a year ago but never funded it. They sent me the email about rate decreases and I realised that I still had this ISA open so I just closed it in the app and have the option to open the one at 5.01%, which I intend to do. 

My Zopa app offers me a variable flexible Cash ISA @ 3.8%, so that's 3 different rates (me, @pecunianonolet and NewCustomer) offered for the same product (or is it 3 different products?). 

Makes comparison tables, or just trying to compare 2 products, pretty useless.

same for me at Zopa, 3.8%. I had some money in a 2024-25 ISA with them that I transferred out.

My Zopa Access ISA is now showing in the app as 4.50% with an underlying rate of 4.00%. I assume is will still be falling by 0.50% on 6 April.

hoppy2

My Zopa cash isa has just gone up to 5.21% from 5.01%

moi

BigBlueSky said:

moi said:

darren72 said:

Just opened the Moneybox Cash ISA @ 5.39% and see it is now up to 5.56%.

I've put in my request already to transfer my existing ISA from elsewhere.

Has in a similar situation and had any luck getting them to increase the rate whilst still at a £0.00 balance ?

Back in Oct/Nov, before I funded the account they increased the rate for new applications. They wouldn't do the new rate, but did say I could delete my entire profile and re-apply from scratch.

Thanks.  Is deleting the profile something they need to do?

I don't know if 'profile' is the right word, and as I say it was a few months ago, but they definitely needed to delete everything. So I needed to start over as a new person.