Cash ISAs: The Best Currently Available List

2010

Rheumatoid said:

refluxer said:

Charter have increased the rates of their 1 and 2 year fixed rate cash ISAs to 4.30% and 4.20% respectively, which makes them the best 1 and 2 year rates currently available.

The 3 year fixed rate has had a smaller bump to 4.14%, which is not far off the best rate available for that time period.

Investec's 1 year fix is also 4.30%, but they don't allow transfers-in which rules them out for anyone looking to do that.

Typical now I have opened one. I'll ask them to upgrade me as I am within 14 days of application and see what they say.

They won't.
You need to open a new one and then transfer the old one into it.

CuparLad

Does anyone have any experience of transferring out of a Shawbrook Fixed Rate Cash ISA at maturity by giving advance notice? I have a 1 Yr Fix with Shawbrook that matures on 1st Jan. I'd like to grab the 2 Yr offering at Charter Savings Bank, which has a generous 30 days to fund, before it gets pulled.

I can partially fund the Charter Fix from an EA Cash ISA held elsewhere, so securing the rate isn't the concern, rather that if I apply for the CSB Fix now (12/12), I've only got until 11/1 to top it up. If Shawbrook drag their heels over the New Year period to process the transfer, I run the risk of missing the 30-day deadline.

Just wondering if anyone had had an experience with Shawbrook and their transfers at maturity? I had a Skipton fix mature in the summer and gave advance notice to transfer. They transferred the funds on the maturity date, so it's possible.

Rheumatoid

2010 said:

Rheumatoid said:

refluxer said:

Charter have increased the rates of their 1 and 2 year fixed rate cash ISAs to 4.30% and 4.20% respectively, which makes them the best 1 and 2 year rates currently available.

The 3 year fixed rate has had a smaller bump to 4.14%, which is not far off the best rate available for that time period.

Investec's 1 year fix is also 4.30%, but they don't allow transfers-in which rules them out for anyone looking to do that.

Typical now I have opened one. I'll ask them to upgrade me as I am within 14 days of application and see what they say.

They won't.
You need to open a new one and then transfer the old one into it.

Yes. That's what I had to do but they were very helpful 

sparklymarkly

I think the last time I transferred a matured ISA out of Shawbrook it took about 3 days so not too bad.

2010

@CuparLad Shawbrook will transfer it by 11th Jan but as soon as it matures it will be transferred into their "matured ISA account" paying a disrisery 0.10%.
At least that was my experience.


Also CSB say 30 days but they will give you more time when they know the transfer has been set up because it's them that have to request it from Shawbrook.

Gambler

allegro120 said:

s71hj said:

refluxer said:

s71hj said:

refluxer said:

Charter have increased the rates of their 1 and 2 year fixed rate cash ISAs to 4.30% and 4.20% respectively, which makes them the best 1 and 2 year rates currently available.

The 3 year fixed rate has had a smaller bump to 4.14%, which is not far off the best rate available for that time period.

Investec's 1 year fix is also 4.30%, but they don't allow transfers-in which rules them out for anyone looking to do that.

Looking at the Tembo via Investec 1 Yr fix at 4.3% I'm reading it that you can transfer in :
"Each tax year, you can pay in up to your total ISA allowance (currently set

at £20,000 for the 2025/26 tax year). You can transfer funds into a Tembo

Cash ISA - Fixed Rate from another Cash ISA or Stocks and Shares ISA

you have with another provider."
Am I minsinterpreting this? 

Sorry, but I'm not sure what you mean. Why do you want to go to Tembo via Investec... or did you mean you were looking at Tembo vs Investec ?

I don't know anything about Tembo, but you can't transfer funds from another cash ISA into an Investec cash ISA - it's new subscriptions only.

From their Summary Box... "Please note, we don't currently accept ISA transfers in from other providers."

"Tembo via Investec" is how it was described in the MSE top ISAs list. When I go in from the link on that page it takes me to the Investec app and in the product key features download it says "Yes, you can transfer money from an existing Cash or Stocks and Shares ISA held with Tembo or

another provider to a Tembo Cash ISA - Fixed Rate. To request a transfer, simply request a transfer via

the Tembo app. Your transfer will then be processed within 15 working days, and once completed, your

money will show in your Tembo Cash ISA - Fixed Rate account."

I had to jump through hoops to open this account.  I used to have Tembo ISA so still had the app on my phone.  Tried to login, no joy.  After a long string of e-mails they reactivated my acces to the app by reactivating my old redundant ISA account. The next step (opening 4.3% fixed) didn't go smooth either. Tembo requires ID check for every new account you open even if you are an existing customer.  Passport, selfie, video and saying 3 numbers failed so I had to contact Tembo again.  They sent me the link to do my ID on desktop, I've done it, e-mailed Tembo rep to confirm and got the reply that my ID check passed and I can now apply for 4.3% fixed.  The application brought me back to the same "passport, selfie, video and saying 3 numbers" thing, but this time it worked.

Thanks for this. After giving up on the Barclays to Chip transfer fiasco after 3 failed attempts I reinstalled the Tembo app last night but kept getting an error when trying to register/login.

I messaged them asking for my account to be reactivated and they have sorted that straight away this morning.

gesdt50

Good day, for Investec/Tembo who is providing backup, gate fencing for the FSA £85,000? Is the Tembo/Investec a flexible account they try to force one to download the app to get extra details, the summary if you can call it that has only a few headlines a lot less than typically given by banks, platforms etc..?

refluxer

gesdt50 said:

Good day, for Investec/Tembo who is providing backup, gate fencing for the FSA £85,000? Is the Tembo/Investec a flexible account they try to force one to download the app to get extra details, the summary if you can call it that has only a few headlines a lot less than typically given by banks, platforms etc..?

As Tembo aren't a bank and their fixed rate ISA is 'provided by Investec', then presumably the FSCS protection (which is now £120k, incidentally) must lie with Investec ? It'll be worth confirming this with Tembo if large amounts are involved.

It's only really worth going with Tembo if you want to transfer-in or already have a Tembo account, otherwise you'd be better off dealing with Investec directly and cutting out the middleman.

allegro120

gesdt50 said:

Good day, for Investec/Tembo who is providing backup, gate fencing for the FSA £85,000? Is the Tembo/Investec a flexible account they try to force one to download the app to get extra details, the summary if you can call it that has only a few headlines a lot less than typically given by banks, platforms etc..?

No, it's not flexible.

allegro120

refluxer said:

gesdt50 said:

Good day, for Investec/Tembo who is providing backup, gate fencing for the FSA £85,000? Is the Tembo/Investec a flexible account they try to force one to download the app to get extra details, the summary if you can call it that has only a few headlines a lot less than typically given by banks, platforms etc..?

As Tembo aren't a bank and their fixed rate ISA is 'provided by Investec', then presumably the FSCS protection (which is now £120k, incidentally) must lie with Investec ? It'll be worth confirming this with Tembo if large amounts are involved.

It's only really worth going with Tembo if you want to transfer-in or already have a Tembo account, otherwise you'd be better off dealing with Investec directly and cutting out the middleman.

Yes, the FSCS protection lies with Investec.