Cash ISAs: The Best Currently Available List

LL_USS

Thanks everyone. I've checked to know I can have Money Box cash ISA newbie status.

Tembo's 4.8% variable rate may go down yes, but so could Money Box's "standard" rate (4.2% variable) after the promotion in the first 3 months.

But indeed we will need a new ISA account that (1) accepts transfers in and (2) still has a better rate than 4.2% - after the 3 months' promotion rate.

I raised the question from curiosity. Not have 20K (yet) . I am still filling a few regular saving accounts with top rates and will move them over to ISA by the end of this financial year.

masonic

So far Tembo has a reputation as a clean payer. So if the rate is changed, it is likely to affect all customers equally.

Ultrasonic

LL_USS said:

Thanks everyone. I've checked to know I can have Money Box cash ISA newbie status.

Tembo's 4.8% variable rate may go down yes, but so could Money Box's "standard" rate (4.2% variable) after the promotion in the first 3 months.

But indeed we will need a new ISA account that (1) accepts transfers in and (2) still has a better rate than 4.2% - after the 3 months' promotion rate.

I raised the question from curiosity. Not have 20K (yet) . I am still filling a few regular saving accounts with top rates and will move them over to ISA by the end of this financial year.

Not really any point going into the details of this as the situation when you actually come to want to open an ISA later in the year is likely to be rather different.

LL_USS

@Ultrasonic I just like to learn about options and implications. If something worth doing then I can move money around to get the benefit. If not much gain/ too much uncertainty then I still keep the money in normal saving accounts with higher rates and add this to an existing three-years fixed rate ISA (ok rate) just before the end of the year so as not to lose the allowance :-). 

LL_USS

PS: I had a question about 3 year fixed ISA accounts on this thread before, and it was said here that a perk with Shawbrook ISAs is that the added money in the subsequent years within this 3 years still gets the same rate.

I had a chat with Shawbrook in my account and this was confirmed by the agent. I put in a small amount to test and yes just a day after, the new money (of this year) entered the same account receiving the same fixed rate from the entry point onward to the end of the 3 years period. 

I also opened a Close Brothers 3 years fixed ISA (for a transfer in) just after the Shawbrook one, also asked the agent about adding new money in, they messaged back to say yes (same as above). I did the same test, a few days later now they email me saying they need to refund the new money as the funding window is closed and we need to open a new account for that. So only Shawbrook 3 years ISA between these two still accepts new payments in during the fixed period!

refluxer

LL_USS said:

only Shawbrook 3 years ISA still accept new payments in during the fixed period!

Barclays and Kent Reliance also allow further subscriptions to their fixed rate cash ISAs throughout the duration of the fixed rate period. I think Lloyds may allow this too, although it wasn't obvious to me from a quick read of their account T&Cs.

winkowinko

Do any of them accept transfers as well as 'new' money throughout their entire term?

sammy_zammy

winkowinko said:

Do any of them accept transfers as well as 'new' money throughout their entire term?

Shawbrook  might do if you ask nicely.

LL_USS

@refluxer great to know, thanks. I fixed mine when it was still 4.43%.

soulsaver

sammy_zammy said:

winkowinko said:

Do any of them accept transfers as well as 'new' money throughout their entire term?

Shawbrook  might do if you ask nicely.

I'm testing the term now...  but there's a couple of reasons to be pessimistic. Details when TFLS.

Lloyds has allowed me 'Top Ups' throughout the term of a 2 year 5.55% fix ending late July '25 - but as posted earlier, not found in the latest terms now.