Cash ISAs: The Best Currently Available List

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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