Cash ISAs: The Best Currently Available List

VNX

clairec666 said:

I'm shopping around for flexible ISAs as my bonus with Trading 212 has finished. What are people's opinions on Chip? How quick/easy is it to make withdrawals to your current account? And are there any finickity T&Cs that I should care about? (Avoiding Plum for this reason!)

Definitely avoid plum.

ive been with chip for about six weeks, very impressed, instant payments, nice app, and unless I’ve missed anything no nasties.

I’ve got a three month bonus so when that ends I’ll see how the rate it reverts to stacks up.

my Zopa to chip ISA xfer was a bit of a shambles, not too bad took the full 14 days I’ll never know which of these two messed up so can’t apportion blame but I see no reason not to go with chip 

clairec666

Thanks all for the Chip advice. I'll probably wait until one of my fixed- rate ISAs matures later in the year, then make use of the bonus rate on a larger sum. (I guess they might not be offering such a good bonus at the time though!)

danny13579

friolento said:

I closed my Chip entire account, deleted the app as soon as I could no longer log in, re-installed the app, signed up again with same email, same phone no, same name, same address, same NINO. All on the same day.

I was about to do this but when I requested account closure from Chip they sent me a message with this line:

"Please also bear in mind that if you close your Chip Cash ISA, you won’t be able to re-open it or open a new one."

Were you able to open a new cash ISA with Chip after closing your account and applying for a new one?

Were you able to use the promo code to get the bonus ISA rate for a year?

Johnny-Cage

danny13579 said:

friolento said:

I closed my Chip entire account, deleted the app as soon as I could no longer log in, re-installed the app, signed up again with same email, same phone no, same name, same address, same NINO. All on the same day.

I was about to do this but when I requested account closure from Chip they sent me a message with this line:

"Please also bear in mind that if you close your Chip Cash ISA, you won’t be able to re-open it or open a new one."

Were you able to open a new cash ISA with Chip after closing your account and applying for a new one?

Were you able to use the promo code to get the bonus ISA rate for a year?

I was but I did use a different email address 

danny13579

Johnny-Cage said:

I was but I did use a different email address 

Thanks. I'll give it a go and see what happens. 

friolento

danny13579 said:

friolento said:

I closed my Chip entire account, deleted the app as soon as I could no longer log in, re-installed the app, signed up again with same email, same phone no, same name, same address, same NINO. All on the same day.

I was about to do this but when I requested account closure from Chip they sent me a message with this line:

"Please also bear in mind that if you close your Chip Cash ISA, you won’t be able to re-open it or open a new one."

Were you able to open a new cash ISA with Chip after closing your account and applying for a new one?

Were you able to use the promo code to get the bonus ISA rate for a year?

Yes I was, and got the promo rate, for both, the ISA and the instant access saver

flobbalobbalob

masonic said:

s71hj said:

Malchester said:

Just looked at VIDA savings. Their site says

Deposits must be added by electronic transfer from your Nominated Bank Account, which must be in your name.  You may also transfer existing ISAs from other providers into this account, up to the Maximum Account Balance.​

No suggestion it is compulsory. Do they mean if you are transferring an ISA to then you must transfer the full amount and not a partial transfer

It's this bit in the application:

Opening Your Account

Have you already opened and funded a Cash ISA with another provider in this tax year?

Yes

No

Your current year's ISA subscription must be moved to us in full. If you wish to transfer any previous years' ISA subscriptions, you can do this in part or transfer the full amount(s).

So it's a legacy question from the days of the "one current year ISA of each type" restriction.

Can be safely ignored, or answered with the closest option if compulsory (i.e. "None of your business" / "Not applicable" ~ No) until they get around to updating their systems. Or subscribe to this ISA first before taking out another.

I have been told by VIDA on the phone that the head office has knowingly made a decision to continue with the old regulations and this is still a required condition for VIDA.

surreysaver

flobbalobbalob said:

masonic said:

s71hj said:

Malchester said:

Just looked at VIDA savings. Their site says

Deposits must be added by electronic transfer from your Nominated Bank Account, which must be in your name.  You may also transfer existing ISAs from other providers into this account, up to the Maximum Account Balance.​

No suggestion it is compulsory. Do they mean if you are transferring an ISA to then you must transfer the full amount and not a partial transfer

It's this bit in the application:

Opening Your Account

Have you already opened and funded a Cash ISA with another provider in this tax year?

Yes

No

Your current year's ISA subscription must be moved to us in full. If you wish to transfer any previous years' ISA subscriptions, you can do this in part or transfer the full amount(s).

So it's a legacy question from the days of the "one current year ISA of each type" restriction.

Can be safely ignored, or answered with the closest option if compulsory (i.e. "None of your business" / "Not applicable" ~ No) until they get around to updating their systems. Or subscribe to this ISA first before taking out another.

I have been told by VIDA on the phone that the head office has knowingly made a decision to continue with the old regulations and this is still a required condition for VIDA.

It's not up to Vida. They do not have that authority to be above the law.
Sounds like you spoke to someone who doesn't know what they're talking about.

masonic

flobbalobbalob said:

masonic said:

s71hj said:

Malchester said:

Just looked at VIDA savings. Their site says

Deposits must be added by electronic transfer from your Nominated Bank Account, which must be in your name.  You may also transfer existing ISAs from other providers into this account, up to the Maximum Account Balance.​

No suggestion it is compulsory. Do they mean if you are transferring an ISA to then you must transfer the full amount and not a partial transfer

It's this bit in the application:

Opening Your Account

Have you already opened and funded a Cash ISA with another provider in this tax year?

Yes

No

Your current year's ISA subscription must be moved to us in full. If you wish to transfer any previous years' ISA subscriptions, you can do this in part or transfer the full amount(s).

So it's a legacy question from the days of the "one current year ISA of each type" restriction.

Can be safely ignored, or answered with the closest option if compulsory (i.e. "None of your business" / "Not applicable" ~ No) until they get around to updating their systems. Or subscribe to this ISA first before taking out another.

I have been told by VIDA on the phone that the head office has knowingly made a decision to continue with the old regulations and this is still a required condition for VIDA.

They cannot lawfully interfere with contracts to which they are not a party.

Kim_13

surreysaver said:

flobbalobbalob said:

masonic said:

s71hj said:

Malchester said:

Just looked at VIDA savings. Their site says

Deposits must be added by electronic transfer from your Nominated Bank Account, which must be in your name.  You may also transfer existing ISAs from other providers into this account, up to the Maximum Account Balance.​

No suggestion it is compulsory. Do they mean if you are transferring an ISA to then you must transfer the full amount and not a partial transfer

It's this bit in the application:

Opening Your Account

Have you already opened and funded a Cash ISA with another provider in this tax year?

Yes

No

Your current year's ISA subscription must be moved to us in full. If you wish to transfer any previous years' ISA subscriptions, you can do this in part or transfer the full amount(s).

So it's a legacy question from the days of the "one current year ISA of each type" restriction.

Can be safely ignored, or answered with the closest option if compulsory (i.e. "None of your business" / "Not applicable" ~ No) until they get around to updating their systems. Or subscribe to this ISA first before taking out another.

I have been told by VIDA on the phone that the head office has knowingly made a decision to continue with the old regulations and this is still a required condition for VIDA.

It's not up to Vida. They do not have that authority to be above the law.
Sounds like you spoke to someone who doesn't know what they're talking about.

Clearly it's Head Office that don't know what they're talking about, and the person on the phone is just the messenger (and would probably be ill advised to tell Head Office they were wrong.) Is there a way of complaining directly to Head Office?

While some elements of the ISA changes were optional (whether to offer multiple ISAs with them, partial current year transfers out or the transitional arrangements for 16 and 17 year olds) that Cash ISAs are permitted elsewhere was not. That was mandatory, along with the increase to age 18.