Cash ISAs: The Best Currently Available List

clairec666

wallofbeans said:

I'm unsure about going with Trading 212 as I've never heard of them before and it's apparently primarily a trading platform and has the money spread out over lots of banks, which all makes me nervous!

Your money should be as safe with Trading 212 as with Virgin, but it's a bit unnerving that you don't get a normal account number and sort code that you would expect. And you can only communicate with them via email. Not everyone's cup of tea.

pecunianonolet

The Virgin ISA account drops in rate but is fully flexible, unlimited instant withdrawals and has an operating minimum balance of 0. They also allow partial transfers in and out. They are an excellent intermediary provider should you have funds with A and B doesn't take funds from A but does from C 

If you want to hold on to the Virgin account you could check for other providers and just make a partial transfer out leaving a quid behind. This will keep your Virgin ISA open for now and you could always transfer back in at a later time. All the Virgin Exclusive accounts with very favourable terms have vanished so I personally would hold on to the account, even with a small balance. You can always transfer out and close in the future.

northernstar007

pecunianonolet said:

All the Virgin Exclusive accounts with very favourable terms.

what favourable terms and also if a full tranfer out will that close the isa 

pecunianonolet

northernstar007 said:

pecunianonolet said:

All the Virgin Exclusive accounts with very favourable terms.

what favourable terms and also if a full tranfer out will that close the isa 

Full transfer out will close the ISA. Partial transfer leaving a quid behind will keep the account alive.

Favourable terms:

- Minimum balance is 0 --> I opened Exclusive Flexi ISA 2 when it was available and now well over a year, perhaps even 1.5 years later it became useful and I keep a small balance there. Virgin fix matured into a Flexi ISA issue 3 end of March and I had no issues to transfer to CMC Invest and close issue 3.  

- Partial transfers in and out --> Made use of this feature several times and Virgin has been always fast (I have a local branch I can go to if I have reason to speak to someone)

- Flexible
- Unlimited instant withdrawals & deposits

northernstar007

so its just another flexi isa, still cant see anything extra than other isa's

flobbalobbalob

northernstar007 said:

so its just another flexi isa, still cant see anything extra than other isa's

Not all flexible ISAs allow partial transfers out. Eg Zopa.

northernstar007

flobbalobbalob said:

northernstar007 said:

so its just another flexi isa, still cant see anything extra than other isa's

Not all flexible ISAs allow partial transfers out. Eg Zopa.

still nothing special about it, just another isa

pecunianonolet

northernstar007 said:

flobbalobbalob said:

northernstar007 said:

so its just another flexi isa, still cant see anything extra than other isa's

Not all flexible ISAs allow partial transfers out. Eg Zopa.

still nothing special about it, just another isa

I wonder how many other ISA's you can list offering all those features? Always keen to learn more.

northernstar007

pecunianonolet said:

northernstar007 said:

flobbalobbalob said:

northernstar007 said:

so its just another flexi isa, still cant see anything extra than other isa's

Not all flexible ISAs allow partial transfers out. Eg Zopa.

still nothing special about it, just another isa

I wonder how many other ISA's you can list offering all those features? Always keen to learn more.

what features?? am i missing something 

wiseonesomeofthetime

pecunianonolet said:

northernstar007 said:

pecunianonolet said:

All the Virgin Exclusive accounts with very favourable terms.

what favourable terms and also if a full tranfer out will that close the isa 

Full transfer out will close the ISA. Partial transfer leaving a quid behind will keep the account alive.

Favourable terms:

- Minimum balance is 0 --> I opened Exclusive Flexi ISA 2 when it was available and now well over a year, perhaps even 1.5 years later it became useful and I keep a small balance there. Virgin fix matured into a Flexi ISA issue 3 end of March and I had no issues to transfer to CMC Invest and close issue 3.  

- Partial transfers in and out --> Made use of this feature several times and Virgin has been always fast (I have a local branch I can go to if I have reason to speak to someone)

- Flexible
- Unlimited instant withdrawals & deposits

Not necessarily, in my experience.

I completed a full transfer of my Virgin Money Flexclusive ISA to YBS in 2022, and it still remains open to this date, with a nil balance.

Only if their policies have changed since then will it likely be closed.