Cash ISAs: The Best Currently Available List

pecunianonolet

AspiringPensioner said:

pecunianonolet said:

Kent Reliance Cash ISA - Easy Access - Issue 56 now  with a slight rate reduction to 4.51% (previous rate 4.56%)

Charter Savings BankEasy Access Cash ISA - Issue 57 now available at 4.59%

Thanks for this heads-up! They were a little late in coming out with these (I'm pretty sure they weren't there in the first 2-3 days of the new tax year because I looked, and already have other accounts with both). It's slightly irritating as these two providers are both among the ones who won't allow you to split your current £20k allowance between them and a different provider (and that info isn't always immediately obvious. Paragon is another one). I had already opened a Coventry fix with half my new allowance. So I'm going to transfer some previous years' funds into each of these, still undecided as to the best home for the rest of my 2025-26 money. 

You can open as many ISA's with as many providers as you want and you can split your current year allowance with them as you wish. As long as you not subscribe with more than 20k you are good to go.

You can basically ignore that stipulation as the ISA rules allow you to open multiple ISA's and providers do not exchange data between each other so they will never find out if you have any other ISA elsewhere. Only HMRC will have a conclusive picture.

Patr100

I'm still in the slow process of transferring to Trading212 - at least temporarily for their initial bonus,
but I understand they spread the FSCS protection over several banks. There's no way I assume , of knowing
what specific banks/institutions they would be ?

Gambler

Patr100 said:

I'm still in the slow process of transferring to Trading212 - at least temporarily for their initial bonus,
but I understand they spread the FSCS protection over several banks. There's no way I assume , of knowing
what specific banks/institutions they would be ?

Yes they show a split of your funds in the app

Patr100

Gambler said:

Patr100 said:

I'm still in the slow process of transferring to Trading212 - at least temporarily for their initial bonus,
but I understand they spread the FSCS protection over several banks. There's no way I assume , of knowing
what specific banks/institutions they would be ?

Yes they show a split of your funds in the app

ok, thanks but 
1. my ISA hasn't transferred yet so I have no funds.
2. I haven't installed the app and don't really want to yet.

So no way of knowing until you actually transfer? I have a couple of savings accounts elsewhere near  the 85k limit already.

Gambler

Patr100 said:

Gambler said:

Patr100 said:

I'm still in the slow process of transferring to Trading212 - at least temporarily for their initial bonus,
but I understand they spread the FSCS protection over several banks. There's no way I assume , of knowing
what specific banks/institutions they would be ?

Yes they show a split of your funds in the app

ok, thanks but 
1. my ISA hasn't transferred yet so I have no funds.
2. I haven't installed the app and don't really want to yet.

So no way of knowing until you actually transfer? I have a couple of savings accounts elsewhere near  the 85k limit already.

No I don't think so.

Gambler

These are mine

Gambler

I've always used flexible ISAs and replenish at the end of the tax year due to me having an offset mortgage.

This usually works fine but this week I have moved since funds around. So I've withdrawn money from T212 which relates to previous tax years.

I put £500 back in today but it's showing as £500 used from this years allowance which is not correct surely?

All the other accounts I have always replenish prior years first.

slinger2

If you withdrew money (at least £500) from T212 this tax year (from 6 Apr) and haven't paid in any new money then the £500 will be a replacement and won't count as part of your annual allowance.

The normal rule for flexible ISAs is that the current year's money is withdrawn first, then previous years. When replacing its previous years first and then the current year.

Gambler

slinger2 said:

If you withdrew money (at least £500) from T212 this tax year (from 6 Apr) and haven't paid in any new money then the £500 will be a replacement and won't count as part of your annual allowance.

The normal rule for flexible ISAs is that the current year's money is withdrawn first, then previous years. When replacing its previous years first and then the current year.

Thank you. That is my understanding too. Maybe it's just the way they show it.

AspiringPensioner

pecunianonolet said:

AspiringPensioner said:

pecunianonolet said:

Kent Reliance Cash ISA - Easy Access - Issue 56 now  with a slight rate reduction to 4.51% (previous rate 4.56%)

Charter Savings BankEasy Access Cash ISA - Issue 57 now available at 4.59%

Thanks for this heads-up! They were a little late in coming out with these (I'm pretty sure they weren't there in the first 2-3 days of the new tax year because I looked, and already have other accounts with both). It's slightly irritating as these two providers are both among the ones who won't allow you to split your current £20k allowance between them and a different provider (and that info isn't always immediately obvious. Paragon is another one). I had already opened a Coventry fix with half my new allowance. So I'm going to transfer some previous years' funds into each of these, still undecided as to the best home for the rest of my 2025-26 money. 

You can open as many ISA's with as many providers as you want and you can split your current year allowance with them as you wish. As long as you not subscribe with more than 20k you are good to go.

You can basically ignore that stipulation as the ISA rules allow you to open multiple ISA's and providers do not exchange data between each other so they will never find out if you have any other ISA elsewhere. Only HMRC will have a conclusive picture.

If certain companies stipulate that they don't allow me to hold theirs plus another ISA in a particular tax year, then I'm not going to ignore that just because "they'll never find out". Maybe that's just me but it'd worry me to sign up while deliberately breaking one of the conditions they've clearly stated.