Cash ISAs: The Best Currently Available List

Ch1ll1Phlakes

OrangeBlueGreen said:

With Chip, am I right to think that their rates already factor in the latest decrease in the BOE rate?

Their AI bot and email responses are sending me round in circles with templates and has too many variables what with bonus/no bonus/date of opening.

If you have the Chip Cash ISA it is a tracker account so yes it already factors in the BOE rate. The interest rate of the ISA should pretty much change as soon as the BOE rate does. My Chip ISA dropped from 4.06% AER to 3.80%, your rate may be different depending on when you opened the account and if you still have a bonus rate.

Here's a link to the Chip guide for interest rates A guide to our underlying interest rates | Chip Help Centre

OrangeBlueGreen

Ch1ll1Phlakes said:

OrangeBlueGreen said:

With Chip, am I right to think that their rates already factor in the latest decrease in the BOE rate?

Their AI bot and email responses are sending me round in circles with templates and has too many variables what with bonus/no bonus/date of opening.

If you have the Chip Cash ISA it is a tracker account so yes it already factors in the BOE rate. The interest rate of the ISA should pretty much change as soon as the BOE rate does. My Chip ISA dropped from 4.06% AER to 3.80%, your rate may be different depending on when you opened the account and if you still have a bonus rate.

Here's a link to the Chip guide for interest rates A guide to our underlying interest rates | Chip Help Centre

Thankyou so much for this. Do you also happen to know whether you get the same interest rate when you transfer? I'm sure I read about a provider giving a different rate on any monies transferred in but I can't for the life of me remember if it was Chip or someone else.

Ch1ll1Phlakes

OrangeBlueGreen said:

Ch1ll1Phlakes said:

OrangeBlueGreen said:

With Chip, am I right to think that their rates already factor in the latest decrease in the BOE rate?

Their AI bot and email responses are sending me round in circles with templates and has too many variables what with bonus/no bonus/date of opening.

If you have the Chip Cash ISA it is a tracker account so yes it already factors in the BOE rate. The interest rate of the ISA should pretty much change as soon as the BOE rate does. My Chip ISA dropped from 4.06% AER to 3.80%, your rate may be different depending on when you opened the account and if you still have a bonus rate.

Here's a link to the Chip guide for interest rates A guide to our underlying interest rates | Chip Help Centre

Thankyou so much for this. Do you also happen to know whether you get the same interest rate when you transfer? I'm sure I read about a provider giving a different rate on any monies transferred in but I can't for the life of me remember if it was Chip or someone else.

No problem. As far as I know Chip gives the same interest rate when you transfer. There is no mention anywhere on their site of anything to the contrary. You're probably thinking of Trading 212 or Plum as they both only gives their base interest rate on transfers in (i.e. they don't get any bonus interest)

Here's the MSE page for easy access Cash ISAs which mentions the transfer rates for T212 and Plum. Note Chip is at the bottom of the table (at the time of writing this) and has no mention of a lower rate for transfers. Hope this helps.
Best cash ISAs: up to 4.64% easy access, up to 4.31% fixed - MSE

Edit: Chip's website page for transfers displays the following so you should get the same interest on all money you transfer or deposit to the account.

OrangeBlueGreen

Ch1ll1Phlakes said:

OrangeBlueGreen said:

Ch1ll1Phlakes said:

OrangeBlueGreen said:

With Chip, am I right to think that their rates already factor in the latest decrease in the BOE rate?

Their AI bot and email responses are sending me round in circles with templates and has too many variables what with bonus/no bonus/date of opening.

If you have the Chip Cash ISA it is a tracker account so yes it already factors in the BOE rate. The interest rate of the ISA should pretty much change as soon as the BOE rate does. My Chip ISA dropped from 4.06% AER to 3.80%, your rate may be different depending on when you opened the account and if you still have a bonus rate.

Here's a link to the Chip guide for interest rates A guide to our underlying interest rates | Chip Help Centre

Thankyou so much for this. Do you also happen to know whether you get the same interest rate when you transfer? I'm sure I read about a provider giving a different rate on any monies transferred in but I can't for the life of me remember if it was Chip or someone else.

No problem. As far as I know Chip gives the same interest rate when you transfer. There is no mention anywhere on their site of anything to the contrary. You're probably thinking of Trading 212 or Plum as they both only gives their base interest rate on transfers in (i.e. they don't get any bonus interest)

Here's the MSE page for easy access Cash ISAs which mentions the transfer rates for T212 and Plum. Note Chip is at the bottom of the table (at the time of writing this) and has no mention of a lower rate for transfers. Hope this helps.
Best cash ISAs: up to 4.64% easy access, up to 4.31% fixed - MSE

Edit: Chip's website page for transfers displays the following so you should get the same interest on all money you transfer or deposit to the account.

Thankyou very much! Yes I think I must have seen T212.

RexItaliae

Does anyone know whether the 4.40% interest rate of Principality BS Online Bonus 5 Access Cash ISA has been set after the reduction in the Bank of England rate? In the pinned post it's stated as "new" but I don't know when it appeared there.

I'm asking because I'd like to transfer my Tembo Cash ISA to them but I want to save myself the hassle to do that if then in a couple of days Principality also lowers its rate already. 

Gambler

RexItaliae said:

Does anyone know whether the 4.40% interest rate of Principality BS Online Bonus 5 Access Cash ISA has been set after the reduction in the Bank of England rate? In the pinned post it's stated as "new" but I don't know when it appeared there.

I'm asking because I'd like to transfer my Tembo Cash ISA to them but I want to save myself the hassle to do that if then in a couple of days Principality also lowers its rate already. 

No this was before the rate cut.

badger09

I opened mine 15 July & it was 4.4% (variable including 1.7% variable bonus for 12 months) then. Not sure when it was released. 

Principality say they are reviewing their variable rates so expect some reductions.  But it’s flexible. And you could xfer it elsewhere if you’re not happy with any reduced rate. 

flaneurs_lobster

badger09 said:

 But it’s flexible. And you could xfer it elsewhere if you’re not happy with any reduced rate. 

I'm with @RexItaliae - transfers are stress-inducing and to be avoided if possible. I know my money is very unlikely to just "disappear" but shifting significant 5-figure sums around is not much fun.

RexItaliae

Thank you all. Transferring an ISA requires a bit of work and it's not an instantaneous process, so I'd rather do it sparingly. I'll wait another week or two then until rates stabilise and then go for the best I can get. 

clairec666

RexItaliae said:

Does anyone know whether the 4.40% interest rate of Principality BS Online Bonus 5 Access Cash ISA has been set after the reduction in the Bank of England rate? In the pinned post it's stated as "new" but I don't know when it appeared there.

I'm asking because I'd like to transfer my Tembo Cash ISA to them but I want to save myself the hassle to do that if then in a couple of days Principality also lowers its rate already. 

Issue 5 had been around since before the base rate cut. Their website says they are still reviewing interest rates. I'm expecting a cut, but it'll probably be in line with the base rate, so I'm guessing 4.15%. Still higher than Tembo, and it's flexible too, although you've only got a limited number of withdrawals.