Cash ISAs: The Best Currently Available List

Gambler

Yorkie006 said:

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...

You can't have a joint individual savings account 

Yorkie006

Gambler said:

Yorkie006 said:

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...

You can't have a joint individual savings account 

I know you can't. I'm just commenting that the website saying 'save with someone else' most likely means you can't hold the account with another person. Someone else on the forum understood it as 'can't save with a different bank'. The bank should have worded it better...

Kim_13

Yorkie006 said:

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...

Possibly, and it should’ve been obvious to them that some would interpret it in this way - as a number of providers have said customers can only have a Cash ISA with them if they haven’t subscribed somewhere else or transfer those subscriptions in full, despite ISA rules now allowing any number of Cash ISAs within the subscription limits.

flobbalobbalob

Charter are another "not allowing" subscription with another ISA in the same tax year:

What they say is 

• Multiple cash ISAs: previously, you were only allowed to have one cash ISA at a time, but it’s now possible to subscribe to multiple cash ISAs across providers as long as you don’t go over your £20,000 limit. This isn’t a mandatory change, and some savings providers may opt out of this. We’re in the process of looking into how we can implement this change for our customers, so keep an eye out on our website for updates.

When applying they start off with this check box and refusal:

Have you already opened a cash ISA with another provider in this tax year (2025/2026)?

Yes

No

Under HMRC regulations and where a provider allows, you are permitted to subscribe with multiple Cash ISA providers within the same tax year (6 April to 5 April). You are currently unable to subscribe with us if you have already subscribed with another provider, so if you're transferring your current ISA subscription, this has to be made in full. You can transfer your previous years ISA subscription either partially or in full.

I wonder if there are some further HMRC requirements that they cannot provide with their systems.

armistice

Email from T212 

We're adjusting our base interest rate for GBP (Pound Sterling), effective as of 1 May 2025.
Your rates will be as follows: Trading 212 Cash ISA: From 4.5% to 4.35% variable Trading 212 Stocks ISA, Invest and CFD: 4.6% (no change)

friolento

flobbalobbalob said:

Charter are another "not allowing" subscription with another ISA in the same tax year:

What they say is 

• Multiple cash ISAs: previously, you were only allowed to have one cash ISA at a time, but it’s now possible to subscribe to multiple cash ISAs across providers as long as you don’t go over your £20,000 limit. This isn’t a mandatory change, and some savings providers may opt out of this. We’re in the process of looking into how we can implement this change for our customers, so keep an eye out on our website for updates.

When applying they start off with this check box and refusal:

Have you already opened a cash ISA with another provider in this tax year (2025/2026)?

Yes

No

Under HMRC regulations and where a provider allows, you are permitted to subscribe with multiple Cash ISA providers within the same tax year (6 April to 5 April). You are currently unable to subscribe with us if you have already subscribed with another provider, so if you're transferring your current ISA subscription, this has to be made in full. You can transfer your previous years ISA subscription either partially or in full.

I wonder if there are some further HMRC requirements that they cannot provide with their systems.

They are owned by the same outfit as Kent Reliance, and seem to share the same policy and legal staff.

They are confusing the ISA transfer requirements with the new-ish option to open as many ISAs as you like.

It used to be the case that if you transfer any current year subscription from an ISA, you must transfer it in full. This has no longer been a requirement since we were allowed to contribute to as many ISAs as we like in the same tax year. Under the new rules, you could have, say, 2 cash ISAs you subscribed to in the current tax year, and then open a 3rd one at Charter. You could ask Charter to transfer 1 of the 2 cash ISAs you already have, and you would not need to tell them anything about the 2nd one. In fact, you couldn't tell them about it on their application form, nor do they have any means of ever finding out about it.

If you really want a Charter ISA, in addition to any that you might have already, just say you haven't contributed to any ISA in the same tax year already.

dingling68

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.

I requested a transfer of my Cash ISA from Zopa to Trading212 on 29/3/25 and was 570th in the queue. I reached the front of the queue and 212 were then "contacting Zopa" from 4/4/25 - 15/4/25. The transfer was completed on 16/4/25.

pecunianonolet

armistice said:

Email from T212 

We're adjusting our base interest rate for GBP (Pound Sterling), effective as of 1 May 2025.
Your rates will be as follows: Trading 212 Cash ISA: From 4.5% to 4.35% variable Trading 212 Stocks ISA, Invest and CFD: 4.6% (no change)

Thanks for sharing and an interesting move. Expectation of a rate cut is at over 80% so rather likely. Now assuming a cut of 0.25% they would give you 0.1% above the new base rate and a lot more in the S&S ISA. 

Now, if you are with T212 and moved to the S&S ISA part to get the 4.6% instead of the 4.5% and were playing to transfer out to Monument for their 4.76%, it could be a disadvantage because if Monument would pass a potential 0.25% cut on it would take their rare to 4.51%. That is still favourable for the Cash ISA part but not for the S&S ISA. 

And, if moving to Monument or any other Cash ISA partner, you would need to move your funds from the T212 S&S ISA back to the Cash ISA part where it would sit until transferred. So you could be sitting at an unfavourable rate for some time come 1st May with transfers taking up to 15 working days. 

The MPC meeting is on the 8th May.

Obviously assuming you have no issue with your funds entering the QMMF territory. 

VNX

dingling68 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.

I requested a transfer of my Cash ISA from Zopa to Trading212 on 29/3/25 and was 570th in the queue. I reached the front of the queue and 212 were then "contacting Zopa" from 4/4/25 - 15/4/25. The transfer was completed on 16/4/25.

How were you able to see where you were in the Q? My Zopa to chip is taking an age and now it’s a weekend plus two bank holidays 🙄

Gambler

VNX said:

dingling68 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.

I requested a transfer of my Cash ISA from Zopa to Trading212 on 29/3/25 and was 570th in the queue. I reached the front of the queue and 212 were then "contacting Zopa" from 4/4/25 - 15/4/25. The transfer was completed on 16/4/25.

How were you able to see where you were in the Q? My Zopa to chip is taking an age and now it’s a weekend plus two bank holidays 🙄

Same here with Zopa to Chip