Cash ISAs: The Best Currently Available List

sparklymarkly

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

sparklymarkly said:

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

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 Certain things are out of date e.g. Cynergy online ISA is onto issue 57 now at 3.9%.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

I have a paragon ISA with 4.25%, contemplating transfering it into that NatWest 4.2% one year fix. 

SacredStephan

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

ninaluna754 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

refluxer

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

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

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

Rich2808 said:

ninaluna754 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!