Cash ISAs: The Best Currently Available List

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

Yorkie006

Kim_13 said:

Shawbrook now say on their website that they are not for you if you also want to save somewhere else but I can’t see anything formal to that effect - the ISA declaration (correctly) says will not subscribe more than £20,000 which is still true even if you open 20 ISAs with £1,000 each. Though you can only have one ISA per year with them and they are perfectly entitled to have that restriction.

@Kim_13 I looked at the website and it says 'if you want to save with someone else' - to me that means with another person (as in a joint account). The wording could be clearer to avoid confusion...