Cash ISAs: The Best Currently Available List

Bridlington1

masonic said:

slinger2 said:

sammy_zammy said:

Middle_of_the_Road said:

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?

And that the bonus only applies to new money! You can’t transfer out until the 3 months is up either, so you’re very much locked in for that period. For the sake of 3 months of an extremely high rate, I’m not sure that’s a super good deal.

I thought you had to keep it in for 12 months to get any bonus. But perhaps that's changed?

I believe the bonus interest is paid at the end of the 12 months. It is unclear what happens if there is no longer an account to receive it.

From MSE's write-up:

Does it support partial transfers out? If not, you'd have to flexibly withdraw down to £100 and keep the money in a taxable account for the remainder of the tax year if wishing to avoid the rate-drop.

This is what I'd been thinking along the lines of. My interpretation of the terms was that a partial transfer out wouldn't count as a withdrawal or as a cancellation and thus if you made a partial transfer out but kept £100 in the account you could still get the bonus and earn interest on the funds in the account up until the partial transfer out took place.

slinger2 said:

From https://withplum.com/legal/terms 2.14

"You can make a request to transfer out your ISA with Plum through Plum’s customer support, help@withplum.com. If you close your Cash ISA with Plum and Transfer Out within the 12 month period after opening your Cash ISA account with Plum you will lose your bonus and forfeit any interest earned that month. Only full transfers-out for the current tax year are accepted. Partial transfers-out are accepted for previous tax years."

but maybe this doesn't apply to the new 3 month bonus system.

Many thanks for drawing this to my attention, I'd somehow managed to miss the point in bold, which could've been quite a costly blunder had you not pointed this out so thanks again.

For this reason I'll refrain from going with the Plum ISA as I'd be funding it during the 2025-6 tax year.

masonic

It looks like the above is actually incorrect and the 3 month bonus is paid at the end of month 3: https://forums.moneysavingexpert.com/discussion/comment/81386204/#Comment_81386204

allegro120

https://www.monument.co/savings/easy-access-cash-isa 
4.76%. Flexible. Instant transactions.  Provides with a proper t&c.  No 3-month bonuses.  Funds are held in Monument bank, not randomly scattered around a variety of banks or in case of CMC held in QMMF.

I've just opened this Monument account and intend to deposit 50% of my 2025/26 allowance there tomorrow.  Then will have to decide what to do with the other half. So far my plan is - £1 to T212 to see if promotional rate will show on the app.  £10 test to Tembo. It is tempting to open CMC, but can't make my mind up.  In one of the threads people advised to spare £100 for possible offers throughout tax year and especially at the end of it - I'll follow this advice, but still don't know exactly what I'm going to do with my £20k allowance tomorrow.

guli

Hi guys - does Chip accept and considers for interest purposes, faster payment or Open Banking deposit in on Sundays? It's going to be 6th morning soon!

What about Tenbo and Monument?

Thanks.

Gambler

RG2015 said:

slinger2 said:

RG2015 said:

If you already have a Zopa Smart ISA and transfer in at least £500 the entire balance on the Smart ISA will earn 5.01% for 3 months.

It then reverts to the standard 4.00%. I guess this only applies to the instant access pots.

Do Zopa allow partial transfers in? i.e. could you just transfer in £500 from a much bigger ISA?

I have just looked on the Zopa app and they do allow partial transfers in.

Tempted by this but T212 is not on their list of providers for transfers in.

Savings_Dave

For anyone after a Shawbrook Cash ISA they should be back today (just seen a little header when you login and look under open account). I looked online the last couple of days and they were suddenly unavailable - I was eager and ready to transfer and subscribe for this tax year but cannot at the moment. Why not put a banner on their main website with the available date? It is baffling. I just hope the rates haven't changed on the fixed ones.

flobbalobbalob

Tembo new cash ISA transfers are currently paused.

jimexbox

Savings_Dave said:

For anyone after a Shawbrook Cash ISA they should be back today (just seen a little header when you login and look under open account). I looked online the last couple of days and they were suddenly unavailable - I was eager and ready to transfer and subscribe for this tax year but cannot at the moment. Why not put a banner on their main website with the available date? It is baffling. I just hope the rates haven't changed on the fixed ones.

I'm looking at Kent Reliance or Shawbrook for a two year fixed rate Isa, as you can top up whenever. So irritating that Shawbrook don't have their rates up yet.

TheBanker

Savings_Dave said:

For anyone after a Shawbrook Cash ISA they should be back today (just seen a little header when you login and look under open account). I looked online the last couple of days and they were suddenly unavailable - I was eager and ready to transfer and subscribe for this tax year but cannot at the moment. Why not put a banner on their main website with the available date? It is baffling. I just hope the rates haven't changed on the fixed ones.

I think they always do this over the tax year-end. 

I'm tempted to fix some cash. I notice for non-ISAs Shawbrook offer a 9 month fix, anyone know if they offer a 9 month fixed ISA as that would be better for me than 12 months.

Qyburn

allegro120 said:

https://www.monument.co/savings/easy-access-cash-isa 
4.76%. Flexible. Instant transactions.  Provides with a proper t&c.  No 3-month bonuses.  Funds are held in Monument bank, not randomly scattered around a variety of banks or in case of CMC held in QMMF.

I'm fed up with "bonus rates" especially as they now seem to be only for 3 months at a time. Is Monument a standalone bank, not sharing its FSCS protection with anyone else?