Cash ISAs: The Best Currently Available List

sammy_zammy

Sucks to be me jumping on the last 6-month Chip bonus rate at 5.00%! It felt like a better investment until the 3-month rates breached 5.5% 😆 at least it makes for some interesting viewing watching them squabble back and forth knowing I’ve used up all my bonus rates so can’t jump on board.

I assume they’ll drop on the 6th before they get flooded with people trying to save 20k… Any bets on what the peak will be?

Bridlington1

sammy_zammy said:

Sucks to be me jumping on the last 6-month Chip bonus rate at 5.00%! It felt like a better investment until the 3-month rates breached 5.5% 😆 at least it makes for some interesting viewing watching them squabble back and forth knowing I’ve used up all my bonus rates so can’t jump on board.

I assume they’ll drop on the 6th before they get flooded with people trying to save 20k… Any bets on what the peak will be?

Like many I've been watching ISAs upping their rates in recent days and whilst I'm unable to get Chip and Moneybox I am still yet to open an ISA with Plum. I was planning to put some more into ISAs from Sunday anyway so have been waiting for the right moment to pounce knowing that sooner or later they'll pull the bonus.

I don't know quite when the peak shall be but given Plum are offering 5.92% I'd imagine we're not that far off the peak if we're not there already. I'm happy with 5.92% so shall grab it ready for the new tax year on the grounds that I'd be less irritated if I got 5.92% and miss out on, say, 6% next week than I would be if I turned down 5.92% and it get pulled and be debating whether to get hold of, say, 5.4% next week.

Stompa

friolento said:

Stompa said:

Bridlington1 said:

Stompa said:

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 opened one 2 or 3 weeks ago. However, I'm still unable to link my bank account with it so am unable to actually deposit any funds. After a bit of to-ing and fro-ing, I was eventually put through to technical support who sent me a message saying:

Thank you for reaching out. We are currently experiencing a high volume of inquiries, but rest assured, our team is working hard to assist everyone as quickly as possible.

Your request is important to us, and we appreciate your patience. A team member will get back to you as soon as possible.

10 days later and still no response. I'll be closing mine.

Which account are you trying to link to Tembo? If I'm not mistaken they don't allow you to link accounts from some providers to them, e.g. Zopa.

Santander.

I have a Santander and one other account linked to Tembo. I have just re-added the Santander account and it worked fine. What happens when you try to do it?

It takes me from the Tembo app to the Santander app, where I'm asked to confirm that I want to link with Tembo. When I do that I'm returned to the Tembo app, which still says that I have no bank connected. Yet in the Santander app it shows 'Tembo Savings' as being an active connection, and says that it has shared my account name, number and sort-code with Tembo.

My understanding is that the Tembo app needs to stay open during that entire process, and I suspect my mobile is killing the Tembo app when it switches to the Santander app. I've tried various tweaks to try and force the Tembo app to remain open, but without success.

Middle_of_the_Road

Bridlington1 said:

sammy_zammy said:

Sucks to be me jumping on the last 6-month Chip bonus rate at 5.00%! It felt like a better investment until the 3-month rates breached 5.5% 😆 at least it makes for some interesting viewing watching them squabble back and forth knowing I’ve used up all my bonus rates so can’t jump on board.

I assume they’ll drop on the 6th before they get flooded with people trying to save 20k… Any bets on what the peak will be?

Like many I've been watching ISAs upping their rates in recent days and whilst I'm unable to get Chip and Moneybox I am still yet to open an ISA with Plum. I was planning to put some more into ISAs from Sunday anyway so have been waiting for the right moment to pounce knowing that sooner or later they'll pull the bonus.

I don't know quite when the peak shall be but given Plum are offering 5.92% I'd imagine we're not that far off the peak if we're not there already. I'm happy with 5.92% so shall grab it ready for the new tax year on the grounds that I'd be less irritated if I got 5.92% and miss out on, say, 6% next week than I would be if I turned down 5.92% and it get pulled and be debating whether to get hold of, say, 5.4% next week.

Am I correct in stating, there have been a few negative posts mentioning bad experiences with Plum. App difficulties and customer support?

SickGroove

Will the new 25/26 ISA rates still be launched on 6th as that's Sunday, or will they all be launched next Monday?

pecunianonolet

Tried to get the CMC Invest app going, just to check out the interface, functions, etc. and to maybe transfer in as I am not eligible for any other top offer. 

Getting as far as to email confirmation. One email eventually came after 20 min, when I already gave up on it and when I tried to click the verification link it opened the app and screen just went black. No thank you, secure message sent to close anything down and for them to delete my data. Many other bank and building society apps are working fine and everything else on a fairly modern Samsung smartphone. 

VNX

pecunianonolet said:

VNX said:

SamDude said:

Increases for 3-month bonus rates - Chip (5.9%), Plum (5.92%) and Moneybox (5.67%).

Wondering if this is the last of the rate-nudges or if tomorrow will bring some last minute increases...

I know on,y three month bonuses but these increases can’t go on forever 

https://www.cmcinvest.com/en-gb/cash-isa

CMC cash ISA is flexible and also upped the rate to 5.7%, which includes a 0.85% bonus for 90 days for new customers. 

Except of them investing your cash in QMMF's, has anyone experience with them? 

Thanks but lower than chip and plum 

legasov

Middle_of_the_Road said:

Am I correct in stating, there have been a few negative posts mentioning bad experiences with Plum. App difficulties and customer support?

I believe they are the worst out of the bunch. Infamously lowered the interest rate last year without any warning or notice, my girlfriend found out months later. 
Plus - look at the small print "*Rate includes a Plum bonus of 2.38% AER (variable) if kept for 3 consecutive months" - if you have to withdaw even a penny - you loose it all? Furthermore - they only pay it out after a full year. Thanks, but no thanks. MoneyBox is the second worse, not paying ANY interest until after a year. Both have withdrawal penalties and intentionally no flexible ISA. 
Chip might be the best offer ATM, although their interest drops to 4.32% while Trading 212's stays at 4.5% (4.6% if you move to their flexible S&S ISA).

SCC2

According legasov said:

Middle_of_the_Road said:

Am I correct in stating, there have been a few negative posts mentioning bad experiences with Plum. App difficulties and customer support?

I believe they are the worst out of the bunch. Infamously lowered the interest rate last year without any warning or notice, my girlfriend found out months later. 
Plus - look at the small print "*Rate includes a Plum bonus of 2.38% AER (variable) if kept for 3 consecutive months" - if you have to withdaw even a penny - you loose it all? Furthermore - they only pay it out after a full year. Thanks, but no thanks. MoneyBox is the second worse, not paying ANY interest until after a year. Both have withdrawal penalties and intentionally no flexible ISA. 
Chip might be the best offer ATM, although their interest drops to 4.32% while Trading 212's stays at 4.5% (4.6% if you move to their flexible S&S ISA).

According to terms at least the Moneybox bonus is paid shortly after 3 months.

irregular_saver

DIYhelp76 said:

Hi

I have existing ISA at 4.5% with Trading212 but found their customer service very poor/unresponsive.

I'm considering moving to Moneybox Cash ISA, currently showing as 5.67 for first 3 months. then drops to 4.2%.  I think that overall, this would work out slightly better than the overall 4.5 with Trading212 and would satisfy my wish to leave Trading212.

Any feedback for Moneybox - good customer service, quick to do transfers in/out etc?

As the Moneybox is not a fixed rate ISA, am I correct that I could transfer in and get 5.67% for 3 months and then if there is a better rate than 4.2% available elsewhere, move all/part of the monies out of Moneybox after the 3 months  Would there be penalties?

Does anyone know if the 5.67% rate for 3 months applies to transfers in of old ISAs as well as to new subscriptions?

There is also Tembo at 4.8, but their app says it is not currently accepting transfer in. 

Many thanks in advance.

I, now with hindsight, foolishly decided to open a Moneybox cash ISA last week when the rate was 5.32%. I applied to transfer my Trading 212 cash ISA on the 28th March. The transfer has still not gone through.