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Top Cash ISAs

edited 26 February at 5:21PM in ISAs & Tax-free Savings
128 replies 130.4K views
MSE_Helen_SMSE_Helen_S MSE Staff
99 posts
Seventh Anniversary Combo Breaker I've been Money Tipped! Best Buy Bear
MSE Staff
edited 26 February at 5:21PM in ISAs & Tax-free Savings
Hi!
This is the discussion thread for the Top Cash ISAs guide.
Click reply below to discuss. If you haven’t already, join the forum to reply.
Thanks folks
«13456713

Replies

  • Alter_egoAlter_ego Forumite
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    Part of the Furniture 1,000 Posts Name Dropper
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    I'm carrying on with my Coventry loyalty ISA 2.5%. I doubt anything to beat it for instant access will come along for a few years yet.
    I know about interest paying current accounts, got them as well.
    Loose means not tight, Lose means something is lost, simples no?
    Ignore me if you like, it's not the real me anyway.
  • waqasahmedwaqasahmed Forumite
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    All seem a bit rubbish tbh

    The best rate (2.25%) is the equivalent of 2.81% AER pre-tax from a 20p tax payer, AND you're locked in for four years!

    The Virgin one is effectively 2.93% AER pre tax

    This being said, the fixed rate ones are "OK" if you're a 40p tax payer ie: the equivalent of getting 3.75% pre tax OR for Virgin 3.91% pre tax
  • LadyDeeLadyDee Forumite
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    I don't want the hassle of opening one of the interest-bearing current accounts and having to transfer money in an out every month, so I'm looking for just a 1-year cash ISA at the best rate. Is Virgin the best choice for basic rate tax payers at 1.65%?
  • edited 7 April 2015 at 11:54AM
    alkipalkip Forumite
    167 posts
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    edited 7 April 2015 at 11:54AM
    I'm in exactly the same position as you LadyDee and simply wish to transfer existing ISA monies in to a new, better paying provider account. There is Aldermore which pays 1.65 but I shall follow your thread and see if anyone comes up with any better suggestions.
    Live long and prosper
  • jimjamesjimjames Forumite
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    alkip wrote: »
    I'm in exactly the same position as you LadyDee and simply wish to transfer existing ISA monies in to a new, better paying provider account. There is Aldermore which pays 1.65 but I shall follow your thread and see if anyone comes up with any better suggestions.

    For the sake of a few minutes to set it up I'd personally use current accounts to get 5/4/3% but if that's too much effort then you're probably stuck with what's already mentioned.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • waqasahmedwaqasahmed Forumite
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    jimjames wrote: »
    For the sake of a few minutes to set it up I'd personally use current accounts to get 5/4/3% but if that's too much effort then you're probably stuck with what's already mentioned.

    This pretty much. This being said, Ill probably get an easy access ISA just in case as it were!!!

    Though Im personally waiting for Nationwide to come out with a really good instant access saver to then pull from the market in like...2 weeks (which they've done for the past two years)
  • redglass_2redglass_2 Forumite
    771 posts
    I'm currently in the process of leaving Nationwide. The branch staff do their best but they are a long way from here, since Nationwide closed our local branch and I live in a rural area. The website and the call centre have been endless trouble and at one point told me the account didn't exist, causing much anxiety for which Nationwide have since paid me compensation. Now I'm supposedly set up with new login details and am STILL having trouble, so I reckon that's enough. Am going elsewhere as soon as I can set it up. Have a look at their online reviews - they are damning.
    'Whatever you dream you can do, begin it. Boldness has genius, power and magic in it. Begin now.' Goethe



  • reph4444reph4444 Forumite
    7 posts
    Hope someone can help
    I currently have more than the ISA allowance of £15240 in a Tesco ISA and they have advised that they are due to reduce the interest from 1.25% to 0.75%. I've looked on the MSE website and it suggests Post Office (@1.41%) is the best option for transfer in, but when I went on the PO website it indicates that you can only transfer upto £15240. Any suggestions please?
  • badger09badger09 Forumite
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    reph4444 wrote: »
    Hope someone can help
    I currently have more than the ISA allowance of £15240 in a Tesco ISA and they have advised that they are due to reduce the interest from 1.25% to 0.75%. I've looked on the MSE website and it suggests Post Office (@1.41%) is the best option for transfer in, but when I went on the PO website it indicates that you can only transfer upto £15240. Any suggestions please?

    Where does it say that?

    http://www.postoffice.co.uk/savings-accounts/online-isa#Overview

    It actually says there is no limit to what you can transfer in (using the PO transfer process). You can however only pay in up to £15240 of new money.

    Before you leap into it, please read around the forum. There are several threads about the many problems experienced with the PO ISA :(
  • ejvejv Forumite
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    I have a similar problem as reph4444.
    I have remitted this years whole allowance to HSBC
    I have an old fixed ISA maturing this week at Santander, which drops down to 1.25%
    Would postoffice allow transfer of just my old money?
    Regards
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