Cash ISAs: The Best Currently Available List

MeteredOut

2010 said:

MeteredOut said:

MeteredOut said:

2010 said:

Another drop.

Charter Bank Easy Access Cash ISA Issue 61, is reducing.

From 12th December 2025 the interest rate on your account will be 4.03% down from 4.31%.

And Issue 62 
 

Previous rate	New rate
Tax Free* 4.23% / AER** 4.31%	Tax Free* 3.93% / AER** 4.00%

For anyone else on the Charter Savings ISA Issue 62 that is dropping to 4% AER, and has noticed the Issue 61 is dropping to a better rate of 4.11% AER, you can open an Issue 68, which is also 4.11% AER. I've just done that and will transfer my Issue 61 issue funds over on 12/12 (you have 30 days to fund the new ISA).

Thanks for that, good move.

When12/12 comes can you do the transfer online yourself or do you need to contact Charter to do it?

The option is there to transfer it online via "Make a transaction". I've never done that with Charter before so will double check that is a true ISA transfer.

Annoyingly, you do lose a little interest during the transfer, so i'll probably do it before 3pm on 12/12 so i get the higher interest up till the end of 11/12.

"If your request is made before 3pm on a working day, you'll receive your money the following working day and interest will be paid up to and including the day before the working day you made the request. For example, if your request is made on Wednesday at noon, you will receive your money by close of business on Thursday. Interest will be paid up until close of business on Tuesday.

If your request is made after 3pm on a working day or on a non-working day (at the weekend/bank holiday), we will process your request the following working day and you'll receive your money on the next working day after that. Interest will be paid up to and including the day before we process this request.

For example, if your request is made on Wednesday at 4pm, you will receive your money by close of business on Friday. Interest will be paid up until close of business on Wednesday. Your funds can take up to 2 working days to arrive in your Nominated Account, starting on the working day the request was made."

2010

@MeteredOut
I would have thought if you that if you can make the transaction yourself, that it would be done instantly but maybe not shown on the account until the following day. (not losing any interest)

With Skipton it`s done instantly and is shown straightaway.

MeteredOut

2010 said:

@MeteredOut
I would have thought if you that if you can make the transaction yourself, that it would be done instantly but maybe not shown on the account until the following day. (not losing any interest)

With Skipton it`s done instantly and is shown straightaway.

I'd hope so - the bit i quoted was a footnote on the page that also allows transfers to your nominated account, so it might just cover that.

2010

refluxer said:

2010 said:

Can anyone clarify this with Shawbrook.
If you already have an existing 1yr fixed ISA, that was opened, say, last April, do they allow you to add more to it now.
And can it be a transfer or does it have to be new money.

With Shawbrook fixed rate cash ISAs, you can add new subscriptions up to your full ISA allowance each tax year throughout the duration of the fixed term. This is unusual for a fixed rate ISA and there are only a few providers who allow this.

They state that transfer-in requests beyond the initial transfer window 'may be refused' and I think there were a few reports of people doing this successfully a few years ago when interest rates were rising but, now that rates are falling, they've stopped allowing this (from at least the beginning of this year).

Thanks @refluxer

Having just spoken to Shawbrook you are perfectly correct in saying it's new money only that can be added at anytime during the duration of the ISA.