Cash ISAs: The Best Currently Available List

MarkFromCornwall

CiceroFan said:

Growingold said:

Don't know if this has already been mentioned.
PARAGON has a 15mth FR ISA at 4.28% AER .Min deposit £500, 28 days to fund.  Annual or monthly interest available.  Can be paid away. Accepts transfers.

@Growingold !
I'm a bit concerned (ISA amateur) though, as I spotted this Paragon offer, and wanted to transfer in a £6K ISA that's been languishing with Nationwide for over a decade and at 1.3% interest now, I realised.

I've read enough here to appreciate that you have to transfer ISAs directly from one to the next so you don't lose the tax-free element, but in their T&C for this ISA, Paragon say that 'all deposits must come from your nominated bank account which must be in the name of the ISA holder; elsewhere they say that you 'must set up a UK current account as your nominated bank account' (my bolding).

Doesn't this mean that they want to funnel the £6 out of Nationwide, through my current account (thus losing a chunk) before accepting it?
TIA for any insights.

No.  You can transfer an ISA from Nationwide to Paragon in the usual way.  It just means that you also have to let Paragon know your current account details so that if you ever withdraw money they know where to send it and if you ever deposit new money into the account it has to come from the nominated current account, but you don't have to do either of those.

CiceroFan

Big thanks @MarkFromCornwall!

VNX

CiceroFan said:

Growingold said:

Don't know if this has already been mentioned.
PARAGON has a 15mth FR ISA at 4.28% AER .Min deposit £500, 28 days to fund.  Annual or monthly interest available.  Can be paid away. Accepts transfers.

@Growingold !
I'm a bit concerned (ISA amateur) though, as I spotted this Paragon offer, and wanted to transfer in a £6K ISA that's been languishing with Nationwide for over a decade and at 1.3% interest now, I realised.

I've read enough here to appreciate that you have to transfer ISAs directly from one to the next so you don't lose the tax-free element, but in their T&C for this ISA, Paragon say that 'all deposits must come from your nominated bank account which must be in the name of the ISA holder; elsewhere they say that you 'must set up a UK current account as your nominated bank account' (my bolding).

Doesn't this mean that they want to funnel the £6 out of Nationwide, through my current account (thus losing a chunk) before accepting it?
TIA for any insights.

I think when they say deposits they really mean new money, you can transfer any isa to anyone and keep the tax free wrapper 

setting up a link to your current account is quite normal, either to facilitate new funds if required or for the end of the term if you wanted to with draw the money 

SnowMan

A reminder that Kent Reliance easy access ISA (issue 55) reduces from 4.56% AER to 4.21% AER today (24th July).

You can open a Kent Reliance easy access ISA (issue 59) which pays 4.38% AER and do an ISA transfer of your issue 55 account into the issue 59.

Zaul22

Going back the the Vida discussion a few pages ago, anyone else on monthly just not getting the interest? 

Ch1ll1Phlakes

Zaul22 said:

Going back the the Vida discussion a few pages ago, anyone else on monthly just not getting the interest? 

After the previous discussion, I didn't open a Vida ISA. However, if you don't think you've got your interest, first check you're account if definitely for monthly interest. Secondly, Vida pays interest differently to many other providers, see the following quote from their easy access ISA. 

Interest is calculated daily and paid monthly or annually. All interest is paid gross. If you choose annual interest, it will be paid on the anniversary of your initial deposit. If you choose monthly interest, it will be paid on the day of the month you first paid into your account.

Hopefully this helps, if not contact them to get it sorted out now rather than later.

Zaul22

I saw that but they also have a minimum balance which I forgot about and didn't meet. It looks like they still pay on the anniversary of the first payment even if it was below the minimum balance, as long as you are now over it. 

Gambler

I've been with Chip for 3 months but now the bonus has expired I've moved to Tembo.

Shame as I liked the app etc but the rate is no longer competitive.

Opened Tembo account Tuesday night and the funds have just been transferred so 48 hours on total which is superb.

Zopa to Chip took about 3 weeks.

I was going to open a Tembo fix but it's for new money only.

Archerychick

Zaul22 said:

Going back the the Vida discussion a few pages ago, anyone else on monthly just not getting the interest? 

Mine is being paid into both of my accounts without a problem. If you’re past the anniversary of your first payment, I’d contact them 

Ch1ll1Phlakes

Zaul22 said:

I saw that but they also have a minimum balance which I forgot about and didn't meet. It looks like they still pay on the anniversary of the first payment even if it was below the minimum balance, as long as you are now over it. 

Just a heads up. In case you haven't met the minimum balance, Vida may close the ISA. See quote for both easy access and defined access ISAs.

The minimum initial investment for this account is £500. A deposit or transfer request of at least this amount has to be made within 21 days of your application request, or the account will be closed.

EDIT: The previous statement applies to Issue 2 of both accounts. As highlighted in a later post (thanks 10_66) Issue 1 of the defined access isa had a minimum balance of £5.

EDIT: Further note if they do close your account you'll still earn interest.

From the T&Cs: The Special Conditions will tell you if there's a Minimum Account Balance that you must maintain in the Account. If the Account Balance falls below this amount, we’ll close your Account and return the Account Balance, along with any outstanding interest, to your Nominated Bank Account.