Cash ISAs: The Best Currently Available List

s71hj

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

https://www.moneyfarm.com/uk/cash-isa/

Also a flexible isa. Rate includes a 0.7% bonus for first year. Rate drops after 3 withdrawals in a year but still pretty good.

s71hj

s71hj said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

https://www.moneyfarm.com/uk/cash-isa/

Also a flexible isa. Rate includes a 0.7% bonus for first year. Rate drops after 3 withdrawals in a year but still pretty good.

AND £28 if apply via Top cashback

10_66

s71hj said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

https://www.moneyfarm.com/uk/cash-isa/

Also a flexible isa. Rate includes a 0.7% bonus for first year. Rate drops after 3 withdrawals in a year but still pretty good.

Can someone help me understand better, please?  As Moneybox split their Cash ISA's between various banks (11 at present) is this also classed as a QMMF, please?  I'm confused by Moneyfarm saying "your cash is securely held with trusted partners, authorised banks or Qualified Money Market Funds", (it's the "or" I'm confused by, ie, is the authorised bank the same as QMMF).  How does Moneyfarm using authorised banks differ from Moneybox?

masonic

10_66 said:

s71hj said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

https://www.moneyfarm.com/uk/cash-isa/

Also a flexible isa. Rate includes a 0.7% bonus for first year. Rate drops after 3 withdrawals in a year but still pretty good.

Can someone help me understand better, please?  As Moneybox split their Cash ISA's between various banks (11 at present) is this also classed as a QMMF, please?  I'm confused by Moneyfarm saying "your cash is securely held with trusted partners, authorised banks or Qualified Money Market Funds", (it's the "or" I'm confused by, ie, is the authorised bank the same as QMMF).  How does Moneyfarm using authorised banks differ from Moneybox?

Moneybox operates a "portfolio" cash ISA where you have FSCS depositor protection originating from the partner banks where your cash is held in deposit. They don't use QMMF.

MoneyFarm do use QMMF (in addition to / instead of partner banks). QMMF is a type of low risk investment, and only has the weaker FSCS protection for investments against fraud and administrator fees, not losses due to investments falling in value.

slinger2

moi said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

Another thing in addition to what others have posted.... You have to

• Keep a deposit of at least £500 for 12 months from the date of the deposit.

So if you use the account for the 2025-26 subscriptions, and may want to transfer out within the year, you'd lose the Moneyfarm bonus because you can't 'leave £500 in' & transfer part of the current year's subscription.

I thought the ISA rule about not allowing a partial transfer of the current year's subscription was scrapped in 2024.

Kim_13

slinger2 said:

moi said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

Another thing in addition to what others have posted.... You have to

• Keep a deposit of at least £500 for 12 months from the date of the deposit.

So if you use the account for the 2025-26 subscriptions, and may want to transfer out within the year, you'd lose the Moneyfarm bonus because you can't 'leave £500 in' & transfer part of the current year's subscription.

I thought the ISA rule about not allowing a partial transfer of the current year's subscription was scrapped in 2024.

That part was not mandatory, so I assume the poster is flagging it as Moneyfarm don’t support them (I haven’t checked as Moneyfarm aren’t a provider I would ever use.)

masonic

slinger2 said:

moi said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

Another thing in addition to what others have posted.... You have to

• Keep a deposit of at least £500 for 12 months from the date of the deposit.

So if you use the account for the 2025-26 subscriptions, and may want to transfer out within the year, you'd lose the Moneyfarm bonus because you can't 'leave £500 in' & transfer part of the current year's subscription.

I thought the ISA rule about not allowing a partial transfer of the current year's subscription was scrapped in 2024.

Providers do not have to support partial transfers. They are only required to support full transfers.

flaneurs_lobster

allegro120 said:

I've requested a transfer from Monument to Tembo yesterday - the money arrived to Tembo this morning.  Less than 24 hours.  I didn't expect this.

Me too, full transfer in under a day!

moi

slinger2 said:

moi said:

gt94sss2 said:

Moneyfarm Cash ISA 4.84% AER variable (including 1year bonus)

Another thing in addition to what others have posted.... You have to

• Keep a deposit of at least £500 for 12 months from the date of the deposit.

So if you use the account for the 2025-26 subscriptions, and may want to transfer out within the year, you'd lose the Moneyfarm bonus because you can't 'leave £500 in' & transfer part of the current year's subscription.

I thought the ISA rule about not allowing a partial transfer of the current year's subscription was scrapped in 2024.

My bad! I'll delete it. It was a while ago I looked at & dismissed them because of the partial issue. Current info:

https://blog.moneyfarm.com/en/saving-and-investments/how-many-isas-can-i-have-and-open-in-a-year-lets-find-out
 

surreysaver

surreysaver said:

Nick_C said:

Many thanks for all the advice on transferring a flexible cash ISA but staying with the same provider.  I was totally unaware of the limitation on doing this. 

I've withdrawn about £7k from my Skipton Tracker ISA this year, so I need to replace this before I open the new Skipton Tracker and do the transfer.

The extra 0.1% interest isn't significant, but the fact that it is for another 12 months is.

I've got about £10k in the flexible Skipton Tracker (BOEBR - 0.25%) ISA currently, and over £20k in a Principality flexible ISA which I have not funded this year. 

So my plan is to withdraw £7k from Principality, top up Skipton, transfer Skipton to Skipton, then withdraw the £7k from the new Skipton account and pay it back into Principality. 

Does that comply with the rules? 

Can't Skipton just convert the account? That way it would retain the same account number, and therefore would be the same account, saving all the faff of moving money around.
That's what I do with Principality every year when it matures and I want to change it to a different ISA

Further to this, I went into a Skipton branch to convert my Issue 7 to Issue 8 Tracker Cash ISA, five minute job. You can do it over the phone. Interest paid up until the change and same account number kept, so saves having to faff with doing it via a transfer and topping back up the withdrawn flexible withdrawals.