Cash ISAs: The Best Currently Available List

fiddlesticks0

refluxer said:

fiddlesticks0 said:

Hi, can I ask is there any signs that fixed ISA rates are on the move in either direction? I have a maturity next week and am wondering whether I need to try and lock one of the current rates in before then for a transfer. I noticed one of the best table-topping 3 year rates from Cynergy seems to have disappeared - looks like they have pulled their 2 and 3 year fixes. 

Cynergy are still listing their 2 and 3 year fixes - they are one of a growing number of banks and building societies who've adopted the annoying practise of mentioned the highest rate at the top of the page but then hiding the other, lower rates within drop-down menus further down the page. In Cynergy's case, you have to scroll to the Summary Box at the bottom of the page and expand the top option. It is possible that the fixes are still listed but that you can't actually apply for them, however they're still on the Moneyfactscompare site which is usually fairly up-to-date. 

I've actually been keeping an eye on fixed cash ISA rates over the last week or so as I had one to transfer last weekend and have another coming up soon and there has been virtually no change at the top of the best-buy tables - Cynergy, Vida, UBL, Charter (etc) are all paying the same today as they did before yesterday's budget.

The only notable change to the best rates in the last week or so was Investec who appeared at the top of the 1 year fix table with a 4.30% offering and a small reduction in the best 5 year rate.

There's no guarantee that the best rates won't change before next week though of course, so it may be worth applying in advance if you're concerned about rates dropping, especially if you have a particular provider in mind. With a small cluster of providers all paying around the same rates for the best 1-3 year fixes, it's unlikely they will all drop their rates at the same time though so if you're keeping an eye on rates and they start to fall plus you aren't fussy about which provider to go for, then you should be able to get something before they all drop.

Thanks for the info - that's really bizarre that Cynergy have hidden longer fixes on that page where it appears they only show a 1 year option (I'd looked multiple times previously). 

2010

Vida or Cynergy 1yr fix ISA, any thoughts?

I'm drawn towards Vida because they allow withdrawals with 90 days loss of interest.
Cynergy make you close the account with 180 days loss.

Does anyone know if Vida are on the electronic transfer list?

harz99

2010 said:

Vida or Cynergy 1yr fix ISA, any thoughts?

I'm drawn towards Vida because they allow withdrawals with 90 days loss of interest.
Cynergy make you close the account with 180 days loss.

Does anyone know if Vida are on the electronic transfer list?

They are, I moved 2 ISAs to them in the last month, one easy access that was done in a couple of days and another which they waited for the move due to being a future fixed term maturity date. 

Malchester

2010 said:

Vida or Cynergy 1yr fix ISA, any thoughts?

I'm drawn towards Vida because they allow withdrawals with 90 days loss of interest.
Cynergy make you close the account with 180 days loss.

Does anyone know if Vida are on the electronic transfer list?

Just transferring to Vida 1 Yr fix from Coventry BS easy access. Application was simple.  Not sure how fast they are bug am sure Vida are on electronic transfer list. They are certainly on Cynergy Banks list

CuparLad

Patr100 said:

Well without telling the exact date , my birthday is very early April, before the tax year changes,  if I have got it right , I am saying I will be 64 in  early April 2027 so would have to wait a year til April 2028 to get the full 20k back. 
It's notable that 65 for many like me, won't be my retirement age to get my pension. 

I think it's likely that the £12K to £20K uplift at 65 will be assessed at the point of subscription rather than you having to wait until the next tax year. So if you turn 65 mid-tax year, you're limited to £12K until your 65th Birthday, at which point you can add an additional £8K. 

Para 4.228 of the 2025 Budget Report says "Savers over the age of 65 will continue to be able to save up to £20,000 in a cash ISA each year."

So when you turn 65, the £20K allowance applies to you, which implies there has to be a way to allow you to make additional subscriptions beyond the £12K that used to apply to you.

nomorekids

CuparLad said:

Patr100 said:

Well without telling the exact date , my birthday is very early April, before the tax year changes,  if I have got it right , I am saying I will be 64 in  early April 2027 so would have to wait a year til April 2028 to get the full 20k back. 
It's notable that 65 for many like me, won't be my retirement age to get my pension. 

I think it's likely that the £12K to £20K uplift at 65 will be assessed at the point of subscription rather than you having to wait until the next tax year. So if you turn 65 mid-tax year, you're limited to £12K until your 65th Birthday, at which point you can add an additional £8K. 

Para 4.228 of the 2025 Budget Report says "Savers over the age of 65 will continue to be able to save up to £20,000 in a cash ISA each year."

So when you turn 65, the £20K allowance applies to you, which implies there has to be a way to allow you to make additional subscriptions beyond the £12K that used to apply to you.

Yes this is my take on it too, looks like DH will be fine, anyone 62 before this tax year will be, just wait until your birthday and bung in the other 8K

Zaul22

Vidas fix just dropped all the way down to 3.95%, putting it below even the high street banks. 😬

Rheumatoid

This looks decent at 4.66% variable and flexible.
eToro Cash ISA – Earn Interest Tax-Free
Any downsides?

2010

I've never been a great fan of the "unknown" banks.
Looking at what's left at the moment on a one year fixed ISA, having already money with Charter, I'll probably go with NatWest at 4.2%.

BigBlueSky

Rheumatoid said:

This looks decent at 4.66% variable and flexible.
eToro Cash ISA – Earn Interest Tax-Free
Any downsides?

I believe if you leave them before the end of the 12 month period you don't get the bonus rate, so just get a lower rate.  This is OK if it stays competitive, but if the rate drops and you want to move elsewhere, you'll only get 3.86% AER