Cash ISAs: The Best Currently Available List

s71hj

Gambler said:

s71hj said:

Anyone any experience of the Tembo 4.3 % fix. I haven't funded yet, but it beats many of my current open ones so I was planning on transferring them over to it with the exception of leaving some flexible ones open elsewhere. Am I remembering right that the 4.3% applies for a year from transfer date and does anyone have any experience of how efficient the process is? 

I think you're out of luck as they have stopped any new transfers and new money whilst they review the rates.

You're right, it's greyed out. Didn't realise that's how it worked once I'd secured the account 

Gambler

s71hj said:

Gambler said:

s71hj said:

Anyone any experience of the Tembo 4.3 % fix. I haven't funded yet, but it beats many of my current open ones so I was planning on transferring them over to it with the exception of leaving some flexible ones open elsewhere. Am I remembering right that the 4.3% applies for a year from transfer date and does anyone have any experience of how efficient the process is? 

I think you're out of luck as they have stopped any new transfers and new money whilst they review the rates.

You're right, it's greyed out. Didn't realise that's how it worked once I'd secured the account 

I'm new to fixed rates but I don't believe this is how it normally works.

Ocelot

Gambler said:

s71hj said:

Gambler said:

s71hj said:

Anyone any experience of the Tembo 4.3 % fix. I haven't funded yet, but it beats many of my current open ones so I was planning on transferring them over to it with the exception of leaving some flexible ones open elsewhere. Am I remembering right that the 4.3% applies for a year from transfer date and does anyone have any experience of how efficient the process is? 

I think you're out of luck as they have stopped any new transfers and new money whilst they review the rates.

You're right, it's greyed out. Didn't realise that's how it worked once I'd secured the account 

I'm new to fixed rates but I don't believe this is how it normally works.

Once you've opened a FR ISA, the rate is locked in for the term, and you have an x day window in which to fund it. If it hasn't been funded during that time you won't be able to get the specified rate.

s71hj

Ocelot said:

Gambler said:

s71hj said:

Gambler said:

s71hj said:

Anyone any experience of the Tembo 4.3 % fix. I haven't funded yet, but it beats many of my current open ones so I was planning on transferring them over to it with the exception of leaving some flexible ones open elsewhere. Am I remembering right that the 4.3% applies for a year from transfer date and does anyone have any experience of how efficient the process is? 

I think you're out of luck as they have stopped any new transfers and new money whilst they review the rates.

You're right, it's greyed out. Didn't realise that's how it worked once I'd secured the account 

I'm new to fixed rates but I don't believe this is how it normally works.

Once you've opened a FR ISA, the rate is locked in for the term, and you have an x day window in which to fund it. If it hasn't been funded during that time you won't be able to get the specified rate.

I never saw any reference to a window with this one though

flaneurs_lobster

s71hj said:

Ocelot said:

Gambler said:

s71hj said:

Gambler said:

s71hj said:

Anyone any experience of the Tembo 4.3 % fix. I haven't funded yet, but it beats many of my current open ones so I was planning on transferring them over to it with the exception of leaving some flexible ones open elsewhere. Am I remembering right that the 4.3% applies for a year from transfer date and does anyone have any experience of how efficient the process is? 

I think you're out of luck as they have stopped any new transfers and new money whilst they review the rates.

You're right, it's greyed out. Didn't realise that's how it worked once I'd secured the account 

I'm new to fixed rates but I don't believe this is how it normally works.

Once you've opened a FR ISA, the rate is locked in for the term, and you have an x day window in which to fund it. If it hasn't been funded during that time you won't be able to get the specified rate.

I never saw any reference to a window with this one though

There isn't a window as such, you can add funds at any time (but see the temporary restriction below) with the rate being locked to that applying WHEN THE DEPOSIT IS MADE for 12 months. So it's really like a number of 12 month fixed rate ISAs, each with a different maturity date, running together under a single account. Seems to me that it will be a bit of a mare to monitor unless those individual deposits are decent chunks each time.

We’ve temporarily paused new Cash ISA - Fixed rate deposits and new transfers in while we review the interest rate. We expect to resume in early January. Existing transfers are unaffected

s71hj

Meteor Bank have a 6 month fixed rate ISA at 4.35%. It may be it has been mentioned, but first I've seen of it. Flexible and transfers in are allowed.
https://savings.meteoram.com/savings/fixed-term/10222/isbank-6-month-fixed-term-deposit-419-aer-boosted-by-meteor-to-435-aer

Malchester

s71hj said:

Meteor Bank have a 6 month fixed rate ISA at 4.35%. It may be it has been mentioned, but first I've seen of it. Flexible and transfers in are allowed.
https://savings.meteoram.com/savings/fixed-term/10222/isbank-6-month-fixed-term-deposit-419-aer-boosted-by-meteor-to-435-aer

This is an IsBank savings account provided through Meteor Savings platform

flaneurs_lobster

s71hj said:

Meteor Bank have a 6 month fixed rate ISA at 4.35%. It may be it has been mentioned, but first I've seen of it. Flexible and transfers in are allowed.
https://savings.meteoram.com/savings/fixed-term/10222/isbank-6-month-fixed-term-deposit-419-aer-boosted-by-meteor-to-435-aer

Always nervous of clauses that state "...but our understanding is that HMRC....."

The boost explained

This savings account will earn 4.19% AER for the duration of the term. With the Meteor Boost of 0.15%, the effective rate will be 4.35% AER. At maturity, the return of 4.19% AER will be credited to your Cash ISA. At the same time Meteor will pay the additional amount as a cash bonus into your General account as a separate payment. This cannot be paid into your Cash ISA at maturity, as it would be considered a new subscription and therefore would be part of your ISA allowance for the year, but our understanding is that HMRC do not currently consider such cash bonus payments to be taxable.

s71hj

flaneurs_lobster said:

s71hj said:

Meteor Bank have a 6 month fixed rate ISA at 4.35%. It may be it has been mentioned, but first I've seen of it. Flexible and transfers in are allowed.
https://savings.meteoram.com/savings/fixed-term/10222/isbank-6-month-fixed-term-deposit-419-aer-boosted-by-meteor-to-435-aer

Always nervous of clauses that state "...but our understanding is that HMRC....."

The boost explained

This savings account will earn 4.19% AER for the duration of the term. With the Meteor Boost of 0.15%, the effective rate will be 4.35% AER. At maturity, the return of 4.19% AER will be credited to your Cash ISA. At the same time Meteor will pay the additional amount as a cash bonus into your General account as a separate payment. This cannot be paid into your Cash ISA at maturity, as it would be considered a new subscription and therefore would be part of your ISA allowance for the year, but our understanding is that HMRC do not currently consider such cash bonus payments to be taxable.

So presumably if they are wrong about HMRC the liability would be tax on 0.15 % at whatever rate my savings interest was subject to? 

flaneurs_lobster

s71hj said:

flaneurs_lobster said:

s71hj said:

Meteor Bank have a 6 month fixed rate ISA at 4.35%. It may be it has been mentioned, but first I've seen of it. Flexible and transfers in are allowed.
https://savings.meteoram.com/savings/fixed-term/10222/isbank-6-month-fixed-term-deposit-419-aer-boosted-by-meteor-to-435-aer

Always nervous of clauses that state "...but our understanding is that HMRC....."

The boost explained

This savings account will earn 4.19% AER for the duration of the term. With the Meteor Boost of 0.15%, the effective rate will be 4.35% AER. At maturity, the return of 4.19% AER will be credited to your Cash ISA. At the same time Meteor will pay the additional amount as a cash bonus into your General account as a separate payment. This cannot be paid into your Cash ISA at maturity, as it would be considered a new subscription and therefore would be part of your ISA allowance for the year, but our understanding is that HMRC do not currently consider such cash bonus payments to be taxable.

So presumably if they are wrong about HMRC the liability would be tax on 0.15 % at whatever rate my savings interest was subject to? 

Probably, assume the IsBank product stands on its own if the Meteor wrapper is found to be iffy.