Cash ISAs: The Best Currently Available List

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.

pecunianonolet

wiseonesomeofthetime said:

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.

Interesting, my ISA issue 3 was closed after the transfer but I initiated a full transfer so funds plus interest were moved. Perhaps if you select partial transfer and put in the balance it remains at NIL balance until pending interest is credited annually when due.

masonic

northernstar007 said:

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 

Just full the flexibility afforded by the scheme rules.

Ultrasonic

wallofbeans said:

Hi All,

I've got a Virgin Money Exc Fixed ISA 12 at 5.05% that has just ended, and (I think) becomes an Easy Access Cash ISA Exclusive Issue 3 and the rate dropped to 4.11%

I'd like to add another 20k and move this to a new ISA with a better rate, but I can't do a fix, and all the rates where I can transfer previous ISA money in seem to be less than this new 4.11%.. so should I just leave it where it is and add another 20k to it.. or am I missing something?

Sorry if I've missed somebody already saying this, but the logical thing to do would be to NOT pay an additional £20k in prior to transfer. That way you can open a new ISA that doesn't need to accept transfers in to get the best rate for this £20k. You then separately decide whether to leave your existing money in the account earning 4.11% or transfer it to another account that does allow transfers in.

wallofbeans

Ultrasonic said:

wallofbeans said:

Hi All,

I've got a Virgin Money Exc Fixed ISA 12 at 5.05% that has just ended, and (I think) becomes an Easy Access Cash ISA Exclusive Issue 3 and the rate dropped to 4.11%

I'd like to add another 20k and move this to a new ISA with a better rate, but I can't do a fix, and all the rates where I can transfer previous ISA money in seem to be less than this new 4.11%.. so should I just leave it where it is and add another 20k to it.. or am I missing something?

Sorry if I've missed somebody already saying this, but the logical thing to do would be to NOT pay an additional £20k in prior to transfer. That way you can open a new ISA that doesn't need to accept transfers in to get the best rate for this £20k. You then separately decide whether to leave your existing money in the account earning 4.11% or transfer it to another account that does allow transfers in.

I'd only pay another 20k into the ISA I have currently if I'm going to leave it where it is for another year. 

I'm a bit confused about what you are suggesting - Are you saying that I can open and another account that doesn't allow transfers in, and then it will let me move the money after that? Or that I have two different ISA accounts, one with the new 20k, and the other either staying where it is, or moving to another slightly better rate?

I'd rather keep it all together if possible, its way under 85k total so no worries about that. 

Ultrasonic

wallofbeans said:

 Or that I have two different ISA accounts, one with the new 20k, and the other either staying where it is, or moving to another slightly better rate?

This. From the perspective of maximising interest that can be earned. Up to you to decide if the financial gain is worth this slight complexity.

That said, if you don't want a fixed rate ISA the best current ISA interest rate is I believe with Trading 212, which I think accepts transfers in too. So maybe look into that to confirm details? The current interest rate is 5.07% provided you've not been a customer before and sign up using a promotional link (not directly via their website or app).

flobbalobbalob

Well my ISA transfer Zopa to Monument left my account on Saturday (Friday being the 14'th working day). 

Am I correct in the following assumptions please? 

1. Monument will have the money the same day (Saturday) ?
2. They will process it and it will show in the app next working day (Tuesday) ?
3. They will credit me interest from Sunday ?

Thanks in advance.

LL_USS

Hi, there are so many posts here and I don't know if we have discussed this, apology if I am asking this again.

Money box is launching Cash ISA with 3 months bonus at the rate of 5.71%, then the rate falls to 4.2% variable.

What stops people from adding in, say 20K to get the top rate of 5.71% for 3 months then transfer the load with interest to another provider like Tembo (flat rate of 4.8%)?

masonic

LL_USS said:

Hi, there are so many posts here and I don't know if we have discussed this, apology if I am asking this again.

Money box is launching Cash ISA with 3 months bonus at the rate of 5.71%, then the rate falls to 4.2% variable.

What stops people from adding in, say 20K to get the top rate of 5.71% for 3 months then transfer the load with interest to another provider like Tembo (flat rate of 4.8%)?

What makes you think anything does? Check the T&Cs carefully and if there is nothing penalising you for transferring out after 4 months, then go for it. There are so many offers like this around at the moment, which change from week to week, you just need to make sure you understand the terms you sign up to.

friolento

LL_USS said:

Hi, there are so many posts here and I don't know if we have discussed this, apology if I am asking this again.

Money box is launching Cash ISA with 3 months bonus at the rate of 5.71%, then the rate falls to 4.2% variable.

WHat stops people from adding in 20K then get the top rate of 5.71% then transfer the load with interest to another provider like Tembo (flat rate of 4.8%)?

Not much really - but nobody knows what the rates will be by the time your Moneybox rate drops. The 4.8% might be history, and you might not even get 4.2 at Moneybox any longer as we are most likely in a falling rate market.

Also, not all ISAs accept transfers in, and if you ever had a Moneybox ISA before, they won’t give you the promo rate.