Cash ISAs: The Best Currently Available List

AspiringPensioner

john1950 said:

I opened a flexible cash ISA with Skipton Building Society on the 6th April which went quite well and I paid in my 25/26 allowance to the account the following day. They stated that a registration code had been posted to me which would take 2 to 3 business days and give me full access to the account. It is a flexible isa but until this registration code arrives by post I cannot access the money. I rang them last thursday and was told the letter with the registration code would be with me the following day which of course did not happen. Still no letter so still no access to most of the accounts actions.
I had thought that using a known Building Society would be less hassle than using an App based provider but I think that I may be mistaken.
Does anyone have any experience with Skipton and this registration procedure. I am mindful to ask about the 14 day cancellation in their terms but I suspect they will resist that or suggest I need to visit a Branch (none near me).
I could initiate a transfer but doubtful they would permit that.

Hiya, are you talking about the requirement to sign up either for the App or for the "One-Time-Code" (ie additional security check via your mobile)? They send these by post, as you say, just after account opening. I've had various Skipton accounts for the last few years, and over the last week both I and my partner have each opened the Skipton Quadruple Access Cash ISA (possibly the one you're talking about at 4.35%). I don't like being forced to use an app, so I opted for operating my account via the website and had opted for using the one-time-code (which they don't use every time anyway). I did this a couple of years ago but was reminded of this confusion when my partner opened his first Skipton account the other day and we thought he had to wait for the letter (which wasn't the case - it did arrive within about 3 days anyway).

I think it's actually a bit confusing as it's not immediately apparent that you can still access your account, and check that the money has arrived in there, in the time before your one-time-code letter arrives in the post, ie you can sign in online using the user ID, password and memorable answer that you used to sign up. At that point there's a little button on screen which says something like  "proceed to my account" but this bit of info is overshadowed by much bigger messages reminding you to sign up for the app or the one-time-code. I'm not sure what you mean by "I cannot access the money" given you've only just paid in, but I am assuming that like me, perhaps you mean you just want to check your account online and make sure your money is there. 

VNX

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

friolento

VNX said:

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

I think there is a good chance the hold up is at Zopa. They are very slow.

ToastLady

friolento said:

VNX said:

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

I think there is a good chance the hold up is at Zopa. They are very slow.

Agree with Friolenta. Currently in the process of transferring EA ISA from Zopa to a fixed with Shawbrook and it's taking it's time too. Shawbrook have been updating me on the progress, and it's definitely Zopa who seems to be taking the time. If it's not sorted by tomorrow 17th, I'll be in touch with Zopa to see why the delay as advised by Shawbrook. 

Edited to add:-
Just checked and message from Shawbrook at 20:30 on 15th to say that they had received money from Zopa, so all good.

masonic

Velvet_Monkey said:

masonic said:

flobbalobbalob said:

Velvet_Monkey said:

Beeblebr0x said:

Tembo still not accepting cash ISA transfer ins due to high demand. Christ on a bike, it's now mid April.

I was told by their customer support that initially it was demand, then when they tried to enable it again, it was 'technical issues'. 
To be honest my interaction with Tembo to date is not giving me a warm safe feeling. Contradictory and confusing information, and lack of information. 
At one point they even said the reason they couldn't tell me how much of my money was lodged with which licenced institution for fscs protection, was because as they moved it around, they didn't know at any specific moment in time where it was....! 
I'd assume that's just inexperienced customer support.
But going flexible ISA with monument at 4.76% seems a better bet to me than Tembo at 4.8 currently. 

Which makes you wonder what happens if Tembo or one of their banks went bust. How could the FSCS work out what compensation you should receive?

There is a difference between a customer service adviser not having access to real time information on where each customer's money is held, and there being no record of it.

Indeed. But it's important information for some, and should be available. 

Agree, they do say in their FAQ that it is a maximum of 40% per bank, so that gives you just over £50k you could save separately with any of the banks used by Tembo and remain below the limit. Even if they gave a live view of the actual amount, unless the customer followed this very closely, it would be unwise to maintain savings of £85k in Tembo and >£50k in one of the other partner banks in my view. Saving more than £85k in Tembo is also unwise because you only get a total of £85k protection if Tembo itself fails and your money cannot be found in the partner banks.

To me, the greatest risk is of Tembo itself failing, given its loss-making nature and relatively short history of trading compared to the partner banks.

intalex

The Skipton 4-access is NLA... time to choose one between my BRT and 4-access...

Kim_13

intalex said:

The Skipton 4-access is NLA... time to choose one between my BRT and 4-access...

I have nominal amounts in both and unless something better comes up, will transfer maturing fixes into them later in the year. Both were opened initially with new money in 24/25 so Skipton must allow multiple ISAs with them in the same tax year and the only issue (though an external workaround is possible) is that an internal transfer requires closing the source account.

If I had to pick one, I think I’d go 4 Access - the term appears to be indefinite, unlike the BRT which only lasts for a year and will probably appear again with some other deduction (or maybe an addition if rates go really low) to the Base Rate.

Patr100

friolento said:

VNX said:

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

I think there is a good chance the hold up is at Zopa. They are very slow.

Yeah, my Zopa  to Trading212 transfer took nearly 2 weeks, why an electronic only transaction should take so long I dont know
other than humans involved and high demand/backlog.

Gambler

Patr100 said:

friolento said:

VNX said:

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

I think there is a good chance the hold up is at Zopa. They are very slow.

Yeah, my Zopa  to Trading212 transfer took nearly 2 weeks, why an electronic only transaction should take so long I dont know
other than humans involved and high demand/backlog.

I've not done a transfer for many years. In January Coventry to T212 only took a couple of days.

I then tried to partial transfer from YBS to Zopa to take advantage of their bonus rate but I cancelled it after it seemed to be taking ages.

Zopa to Chip from last week has still not arrived.

VNX

Gambler said:

Patr100 said:

friolento said:

VNX said:

My Zopa to chip transfer is taking its sweet time. I wonder if chip are making sure it’s the full 15 days so I get 2.5 months of their bonus rate rather than 3 😉

I think there is a good chance the hold up is at Zopa. They are very slow.

Yeah, my Zopa  to Trading212 transfer took nearly 2 weeks, why an electronic only transaction should take so long I dont know
other than humans involved and high demand/backlog.

I've not done a transfer for many years. In January Coventry to T212 only took a couple of days.

I then tried to partial transfer from YBS to Zopa to take advantage of their bonus rate but I cancelled it after it seemed to be taking ages.

Zopa to Chip from last week has still not arrived.

My Zopa to chip has taken 12 days so far and still not completed 

others in this thread have said Zopa are slow, when I moved Zopa to Coventry in January it only took a few days

i guess being the new tax year many institutions are very busy with transfers, sadly