Cash ISAs: The Best Currently Available List

s71hj

Anyone got any experience of transferring out of Trading 212 and into Moneybox, Tembo or Vida ISAs, partial or otherwise? Most of my ISA funds are with Trading 212 but the discrepancy in interest rate is quite significant now. However I read so many horror stories on here about ISA transfers, I'm a bit hesitant!

interest_Ted

Looks like the Paragon double access issue 9 is or has just gone  NLA.
Ted

soulsaver

Teachers BS Double Access Cash ISA for Everyone* 4.50% £100 min 

*ie not just teachers..

slinger2

soulsaver said:

Teachers BS Double Access Cash ISA for Everyone* 4.50% £100 min 

*ie not just teachers..

"This is not a flexible ISA" so perhaps not for everyone.

Beeblebr0x

Tembo's Easy Access Cash ISA is still paying 4.80%.

KneadtheDough

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.

To add to this, I have received an email response from Vida regarding their ISA stipulation:

"You are more than welcome to open an ISA with Vida Savings even if you have already done so this tax year.

You can transfer in any old subscriptions in full or in part however, if you wanted to deposit any of your current subscriptions, we would require you to hold the full amount with us.

When the government introduced the new ISA rules that let people split their ISA subscriptions between different providers in the same tax year, banks were given the option to adopt these new rules and Vida have decided not to at this time."

(I personally will not be opening any ISA with such a restriction.)

clairec666

PowerSavingMode said:

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.

To add to this, I have received an email response from Vida regarding their ISA stipulation:

"You are more than welcome to open an ISA with Vida Savings even if you have already done so this tax year.

You can transfer in any old subscriptions in full or in part however, if you wanted to deposit any of your current subscriptions, we would require you to hold the full amount with us.

When the government introduced the new ISA rules that let people split their ISA subscriptions between different providers in the same tax year, banks were given the option to adopt these new rules and Vida have decided not to at this time."

(I personally will not be opening any ISA with such a restriction.)

Their loss - this rule will just lose them customers, surely

masonic

PowerSavingMode said:

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.

To add to this, I have received an email response from Vida regarding their ISA stipulation:

"You are more than welcome to open an ISA with Vida Savings even if you have already done so this tax year.

You can transfer in any old subscriptions in full or in part however, if you wanted to deposit any of your current subscriptions, we would require you to hold the full amount with us.

When the government introduced the new ISA rules that let people split their ISA subscriptions between different providers in the same tax year, banks were given the option to adopt these new rules and Vida have decided not to at this time."

(I personally will not be opening any ISA with such a restriction.)

They may be given the option not to adopt the rules internally (only one ISA with themselves), but they don't have the option to prevent other ISA managers from receiving ISA subscriptions.

Perhaps there ought to be a rogues gallery of providers with an incompetent or unscrupulous legal team.

allegro120

soulsaver said:

Teachers BS Double Access Cash ISA for Everyone* 4.50% £100 min 

*ie not just teachers..

Do you know if they allow external transfers as means of opening the account?

soulsaver

allegro120 said:

soulsaver said:

Teachers BS Double Access Cash ISA for Everyone* 4.50% £100 min 

*ie not just teachers..

Do you know if they allow external transfers as means of opening the account?

Sorry, think that's a question for them; I didn't see it covered when I scan read the terms.