Cash ISAs: The Best Currently Available List

Ch1ll1Phlakes

Gambler said:

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.

I've just started a transfer from Moneybox to Chip. Anyone else transferred into Chip and how long did it take?

10_66

Ch1ll1Phlakes said:

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: 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.  

From memory, I think the minimum operating balance for Vida Cash ISA is £5.

Ch1ll1Phlakes

10_66 said:

Ch1ll1Phlakes said:

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: 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.  

From memory, I think the minimum operating balance for Vida Cash ISA is £5.

I saw no mention of a minimum operating balance in their T&Cs with the quotes previous taken from their website and T&Cs. If you can find where this was at please drop it in. Below I've provided a screenshot of Vida's ISA page for their currently available accounts. The minimum value for other accounts is lower than some of these.

10_66

Ch1ll1Phlakes said:

10_66 said:

Ch1ll1Phlakes said:

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: 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.  

From memory, I think the minimum operating balance for Vida Cash ISA is £5.

I saw no mention of a minimum operating balance in their T&Cs with the quotes previous taken from their website and T&Cs. If you can find where this was at please drop it in. Below I've provided a screenshot of Vida's ISA page for their currently available accounts. The minimum value for other accounts is lower than some of these.

For the Defined Access ISA Issue 1 (I appreciate the issue you show above is 2);  it's shown as item 3 under Special Conditions on the Key Product Information page that was provided by them:

"Balances: You must maintain a balance of between £5 and £85,000 (not including any interest) at all times in your Defined Access ISA. If your balance falls below this level, we’ll close your account and return any funds to your Nominated Bank Account. We’ll also return excess funds if your balance exceeds the maximum permitted, except if this is because of interest added to the account"

Ch1ll1Phlakes

10_66 said:

Ch1ll1Phlakes said:

10_66 said:

Ch1ll1Phlakes said:

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: 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.  

From memory, I think the minimum operating balance for Vida Cash ISA is £5.

I saw no mention of a minimum operating balance in their T&Cs with the quotes previous taken from their website and T&Cs. If you can find where this was at please drop it in. Below I've provided a screenshot of Vida's ISA page for their currently available accounts. The minimum value for other accounts is lower than some of these.

For the Defined Access ISA Issue 1 (I appreciate the issue you show above is 2);  it's shown as item 3 under Special Conditions on the Key Product Information page that was provided by them:

"Balances: You must maintain a balance of between £5 and £85,000 (not including any interest) at all times in your Defined Access ISA. If your balance falls below this level, we’ll close your account and return any funds to your Nominated Bank Account. We’ll also return excess funds if your balance exceeds the maximum permitted, except if this is because of interest added to the account"

Perfect. Thanks for finding that. I've amended my initial post about minimum balances to highlight this.

sparkiemalarkie

SnowMan said:

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.

Do you do the ISA Transfer during the application process or after?

tia

sx

Gambler

Gambler said:

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.

Just to add there was no loss of interest with this transfer either.

SnowMan

sparkiemalarkie said:

SnowMan said:

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.

Do you do the ISA Transfer during the application process or after?

tia

sx

Yes I think you can arrange the transfer when opening during the application process.

I opened my Kent Reliance easy access ISA issue 59 a number of days before I arranged the transfer. So I instead had to ring them up to arrange the internal transfer from the issue 55. It takes them a few days to process it but they backdate the transfer to the date you ring up once they do process it.

sparkiemalarkie

SnowMan said:

sparkiemalarkie said:

SnowMan said:

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.

Do you do the ISA Transfer during the application process or after?

tia

sx

Yes I think you can arrange the transfer when opening during the application process.

I opened my Kent Reliance easy access ISA issue 59 a number of days before I arranged the transfer. So I instead had to ring them up to arrange the internal transfer from the issue 55. It takes them a few days to process it but they backdate the transfer to the date you ring up once they do process it.

Thank you. I think I might do it your way. I got very confused during the 'transfer during opening' process and abandoned it - A phone call seems much safer.

sx

sheslookinhot

Ford Money Flexible Cash ISA dropping from 4.35% to 4.18% on 11th August.