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Cash ISAs: The Best Currently Available List

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Comments

  • sparklymarkly
    sparklymarkly Posts: 89 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I was tempted by this RBS one but having just tried to open one, I wasn’t offered any way to transfer in an existing ISA.
    I have already used this year’s allowance so can’t add any more funds so I abandoned it.
    I’d be interested to know if anyone else has managed to arrange a transfer in?
  • RG2015
    RG2015 Posts: 6,090 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    I was tempted by this RBS one but having just tried to open one, I wasn’t offered any way to transfer in an existing ISA.
    I have already used this year’s allowance so can’t add any more funds so I abandoned it.
    I’d be interested to know if anyone else has managed to arrange a transfer in?
    I am not looking to transfer an ISA in but there does appear to be an option online and in the app for my NatWest version of this ISA.

    I opened mine on Wednesday and it only appeared in my online banking and app today, NatWest said it would take 2 working days. I seem to recall the appication process mentioned moving in money from another ISA but cannot recall any details.

    Now my ISA is open and visible in online banking and the app and both have options to move in money from another ISA.
  • SaverWM7
    SaverWM7 Posts: 2 Newbie
    First Post
    Is this list being updated now KAZZA242?  initial entry says last edited in September? Certain things are out of date e.g. Cynergy online ISA is onto issue 57 now at 3.9%.
  • ninaluna754
    ninaluna754 Posts: 11 Forumite
    Fourth Anniversary 10 Posts Photogenic
    I have a paragon ISA with 4.25%, contemplating transfering it into that NatWest 4.2% one year fix. 
  • SacredStephan
    SacredStephan Posts: 178 Forumite
    Sixth Anniversary 100 Posts Photogenic Name Dropper
    RG2015 said:
    NatWest and RBS Fixed rate ISAs, 1 year 4.20% and 2 year 4.00%.
    Note that these ISAs pay interest on 1st April each year and at maturity. Unusual for a 1 year fixed ISA to pay interest after 6 months. Some of the numbers in their info document are wrong because they don't take the 1st April interest payment into account, i.e. the effect of compounding.
  • Rich2808
    Rich2808 Posts: 1,402 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 3 October at 6:05PM
    I have a paragon ISA with 4.25%, contemplating transfering it into that NatWest 4.2% one year fix. 
    Paragon have a one year fixed rate isa paying 4.15% - and you can action this same day on opening? Don't know the sums involved in your case - but Paragon has excellent customer services and pick the phone up quickly if any issues!  So is it worth the effort for 50p extra per £1k a year?

    https://www.paragonbank.co.uk/savings/cash-isas/one-year-fixed-cash-isa


  • refluxer
    refluxer Posts: 3,272 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    NatWest can also be poor (slow) at handling ISA transfers (example thread) so I'd definitely choose Paragon over NatWest, especially with such a small % difference.

    Paragon have always been spot on for me and complaints about them on here are rare, I think.
  • soulsaver
    soulsaver Posts: 6,742 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I believe I read somewhere, that a recent rule change means I can withdraw (not transfer) this financial year's contribution from a flexible ISA and subsequently deposit it to other providers ISAs? And not have to repatriate it at all?

    Anyone got a link to an official source?

    If so, does the receiving ISA also have to be flexible?



  • slinger2
    slinger2 Posts: 1,085 Forumite
    1,000 Posts First Anniversary Name Dropper
    soulsaver said:
    I believe I read somewhere, that a recent rule change means I can withdraw (not transfer) this financial year's contribution from a flexible ISA and subsequently deposit it to other providers ISAs? And not have to repatriate it at all?

    Anyone got a link to an official source?

    If so, does the receiving ISA also have to be flexible?



    The regulations were changed recently: https://www.legislation.gov.uk/uksi/1998/1870/regulation/5DDB

    Compare the 15/7/25 version with the 6/4/24 version and you'll see that paragraph 3 is different. Or see: https://www.legislation.gov.uk/uksi/2025/733/regulation/5/made

    All written is legal language.

    The "receiving ISA" doesn't have to be flexible. The ISA you make the withdrawal from needs to be flexible. And of course the replacement needs to be made in the same tax year as the withdrawal.
  • ninaluna754
    ninaluna754 Posts: 11 Forumite
    Fourth Anniversary 10 Posts Photogenic
    Rich2808 said:
    I have a paragon ISA with 4.25%, contemplating transfering it into that NatWest 4.2% one year fix. 
    Paragon have a one year fixed rate isa paying 4.15% - and you can action this same day on opening? Don't know the sums involved in your case - but Paragon has excellent customer services and pick the phone up quickly if any issues!  So is it worth the effort for 50p extra per £1k a year?

    https://www.paragonbank.co.uk/savings/cash-isas/one-year-fixed-cash-isa


    Thank you, I am tempted to leave out the transfer and just convert my paragon to the 4.15% fix!
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