Cash ISAs: The Best Currently Available List

Zaul22

Looks like the HL one is really just Shawbrook with a HL name on it and Shawbrook could just dramatically lower the rate at any time. All of the other banks that are part of it are around 4%. 

proudgecko

I am considering the HL easy access ISa via Shawbrook as it’s a good rate but there’s two possible downsides I can see, maybe someone can enlighten me on they
1) how long does the money sit in the HL hub not earning interest before getting moved to Shawbrook
2) its not flexible - but if I needed flexibility later, could close and transfer the ISA to a flexible ISA elsewhere ?

Born2Save_3

proudgecko said:

I am considering the HL easy access ISa via Shawbrook as it’s a good rate but there’s two possible downsides I can see, maybe someone can enlighten me on they
1) how long does the money sit in the HL hub not earning interest before getting moved to Shawbrook
2) its not flexible - but if I needed flexibility later, could close and transfer the ISA to a flexible ISA elsewhere ?

1. Best ask HL when they will pay interest from. May depend on who the losing organisation is and what ISA transfer process they can accommodate, perhaps even the ISA product(s) you have with the losing organisation(s).

2. Yes do a transfer to a flexible ISA; don't close your ISA.

Organisations that support electronic ISA transfers can do transfers, in my experience, in as few as two days.

And given the dual upcoming events of a budget and December BoE MPC meeting, ask how HL may respond to a drop of 25 basis points (0.25%) in the base rate.

Some helpful information on ISA transfers may be here:

https://www.gov.uk/guidance/transfer-an-isa-if-youre-an-isa-manager

HTH

refluxer

Looks like Cynergy and Charter have increased their easy access and fixed cash ISA rates (both had slipped down the 'best buy' tables recently). The new rates are...

Cynergy
EA - 4.20%
1 Year - 4.28%
2 Years - 4.15%
3 Years - 4.15%

Charter
EA - 4.11%
1 Year - 4.24%
2 Years - 4.13%
3 Years - 4.13% 

2010

Well spotted, it might encourage others to up their rates.

Press talk is for a cut in December by BoE, so fixing may be a good move.

I'm put off going with Cynergy because of the rigmarole of their bank authenticator app.

Gambler

2010 said:

Well spotted, it might encourage others to up their rates.

Press talk is for a cut in December by BoE, so fixing may be a good move.

I'm put off going with Cynergy because of the rigmarole of their bank authenticator app.

I can get 4.1 flexible fix with Barclays. With cashback that equates to 4.5

refluxer

2010 said:

Well spotted, it might encourage others to up their rates.

Press talk is for a cut in December by BoE, so fixing may be a good move.

I'm put off going with Cynergy because of the rigmarole of their bank authenticator app.

I seem to remember using Cynergy's authenticator app in the past but they revamped their online banking site a while ago and these days, despite their FAQs implying that you still need to use it, I log in with a username and password followed by a 6-digit security pin which they send via text message.

They've also got a banking app now but I don't use that either, as I don't need regular access to the types of accounts I hold with them.

Born2Save_3

refluxer said:

2010 said:

Well spotted, it might encourage others to up their rates.

Press talk is for a cut in December by BoE, so fixing may be a good move.

I'm put off going with Cynergy because of the rigmarole of their bank authenticator app.

I seem to remember using Cynergy's authenticator app in the past but they revamped their online banking site a while ago and these days, despite their FAQs implying that you still need to use it, I log in with a username and password followed by a 6-digit security pin which they send via text message.

They've also got a banking app now but I don't use that either, as I don't need regular access to the types of accounts I hold with them.

I concur.  Much easier to login now. My ISA transfer from Paragon to Cynergy was trouble free and took around 3 days.

ColdIron

That Shawbrook ISA went No longer available a while ago, 4.07% now

friolento

ColdIron said:

That Shawbrook ISA went No longer available a while ago, 4.07% now

I snoozed....and losed  :'(

(without apologies for terrible grammar)