Cash ISAs: The Best Currently Available List

allegro120

10_66 said:

allegro120 said:

Kim_13 said:

Monument must be terrible if it’s got to the point that providers are refusing transfers from a specific provider.

Transfer from Monument to Vida.
I received 2 e-mails today at about the same time.  It is turning into an "ISA comedy show".

"Thank you for your request to transfer your ISA funds to our management. We have been advised by Monument Bank that they have rejected our request to transfer your funds due to a current year transfer limit being reached on your account. You may wish to discuss this with them. If you still wish to transfer your funds to us, please could you complete and return to us another ISA transfer form."

"Your request to transfer money from your Monument Easy Access Cash ISA to Vida Bank Limited has been cancelled by your new provider. This means we are unable to complete your request and your money remains in your Monument Easy Access Cash ISA. If you would like details about why the transfer was cancelled, or you wish to start a new transfer request, please contact Vida Bank Limited."

"a current year transfer limit" statement is simply not true. I've just completed  2 test transfers from Monument to Moneybox and CMC, both worked... there is no limit on transfers from Monument anyway.  

Not sure if this is of any help, but when I recently checked on my transfer from Monument to Vida, Vida asked me if it was full or partial (mine was full) because, they said, they were aware of some issues with partial transfers from Monument. My full transfer took 11 days to complete from initial request.

It's a great help, thank you!  I have a few ongoing transfers from Monument at the moment, but when these are settled one way or another I'll try a full transfer out. I don't think I want to keep Monument ISA account - there were too many problems with transfers in and now with transfers out and the rate is too low.

clairec666

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

s71hj

clairec666 said:

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

Is this a belated response to the last boe rate cut? I was planning on doing a transfer from T212 to Tembo or Moneybox, both at 4.8% but I'm now tempted to go with Moneybox assuming they have already done their post boe reduction.

Kim_13

Skipton have launched a 12 Month Base Rate Tracker ISA, with a 0.15% deduction from the BOE rate. 

As this beats the 0.25% deduction they had earlier in the year, I tried to open one but it didn’t work - seemed to be saying it wasn’t available so perhaps the application process hasn’t been fully set up yet. I can’t see an exclusion of holders of previous issues (intending to transfer), so will try again in the morning.

Growingold

Kim_13 said:

Skipton have launched a 12 Month Base Rate Tracker ISA, with a 0.15% deduction from the BOE rate. 

As this beats the 0.25% deduction they had earlier in the year, I tried to open one but it didn’t work - seemed to be saying it wasn’t available so perhaps the application process hasn’t been fully set up yet. I can’t see an exclusion of holders of previous issues (intending to transfer), so will try again in the morning.

On their website this morning, worked. Transferred my previous Tracker ISA you mentioned into it.  But if you have withdrawn this tax year from that one if you transfer without replacing the withdrawn funds first you will lose that part of your allowance. But can open and fund at a later date

clairec666

s71hj said:

clairec666 said:

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

Is this a belated response to the last boe rate cut? I was planning on doing a transfer from T212 to Tembo or Moneybox, both at 4.8% but I'm now tempted to go with Moneybox assuming they have already done their post boe reduction.

Yes, I think so. The rate's been 4.8% for quite a while.

Kim_13

clairec666 said:

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

No one likes rate reductions but those of this type irritate me - it’s been more than a month since the cut so any cuts in response to it should have been made already, and logically it should be a hold this coming Thursday. If I recall correctly Nationwide have made two cuts to some of their products since the 8th May decision.

clairec666

Kim_13 said:

clairec666 said:

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

No one likes rate reductions but those of this type irritate me - it’s been more than a month since the cut so any cuts in response to it should have been made already, and logically it should be a hold this coming Thursday. If I recall correctly Nationwide have made two cuts to some of their products since the 8th May decision.

They've been artificially bumped up the ISA league tables while everyone else's rates have dropped. Still, not as irritating as all the newbie bonus accounts which keep changing all the time, and at least Tembo's rate drop is in line with the base rate, unlike some other providers.

david72

Kim_13 said:

Skipton have launched a 12 Month Base Rate Tracker ISA, with a 0.15% deduction from the BOE rate. 

As this beats the 0.25% deduction they had earlier in the year, I tried to open one but it didn’t work - seemed to be saying it wasn’t available so perhaps the application process hasn’t been fully set up yet. I can’t see an exclusion of holders of previous issues (intending to transfer), so will try again in the morning.

Thanks, well spotted!

It seems to be the case that many of Skipton's most recent accounts only seem to offer an annual interest "non-option", and not a monthly interest option, which is rather annoying. I hope that this isn't a general change that they are now implementing.

friolento

Kim_13 said:

clairec666 said:

Email from Tembo yesterday telling me that the interest rate on my LISA will be dropping from 4.6% to 4.33% from 19th June. I imagine their easy access ISA (currently 4.8%) will drop by a similar amount. Neither rate reduction is mentioned on their website yet 

No one likes rate reductions but those of this type irritate me - it’s been more than a month since the cut so any cuts in response to it should have been made already, and logically it should be a hold this coming Thursday. If I recall correctly Nationwide have made two cuts to some of their products since the 8th May decision.

Why are you irritated if the rate cut on your savings account doesn’t happen sooner? 🤷🏻‍♂️