Top Cash ISAs

badger09

eskbanker said:

dmrvjr said:

National F.... R.... G...

dmrvjr said:

Fill in the blanks. MSE won't let me write the name out in full not provide its url but google it

dmrvjr said:

Anything over £25k from Barclays, Lloyds & Aviva fixed for 1 or 2 years at just under 4% to just over 5%.
I cannot find any reviews of them although they appear to be an intermediary. Lloyds are not advertising anything like them. Anyone heard of them?

No idea exactly what you're doing to make such a mess of posting, but you'll have to be less cryptic to let people see the name of the site you're referring to, albeit this will only be to discredit it and point out how there aren't any genuine cash ISAs offering those sort of rates....

Edit: just seen a reference to www.nationalfixedrateguide.com on another thread, which emphatically doesn't list cash ISAs, but investments, probably clones of genuine ones....

Edit 2: https://www.nationalfixedrateguide.com/terms is a massive unformatted block of text but containing such gems as

 In every communication sent over the Internet it is possible to infer standard technical information such as, but not limited to: browser type (e.g. Netscape or Internet Explorer); operating system (e.g. Macintosh or Windows); browser language (e.g. Java or Unix); Internet service provider (e.g. FreeServe or AOL).

so the site should be a good guide to investment bonds on offer in the late 1990s!

That website is a masterpiece. Included in the T&Cs block of text
1st line:
"Please take some time to familiarise yourself with the provisions of best fixed rates (“National Fixed Rate Guide”, “we”, or “or”)" .... "we" or "our" perhaps
and the final (non) sentence 
"No course of dealing" 
I guess they just ran out of breath.

Still, who reads T&Cs anyway

EDIT: wonder what awards their comparison service has won

Alexland

If it's not the front door to a scam they are ticking all the boxes to look like one.

Beagless

Is there a reason why Metro Bank Fixed Rate ISAs are not recommended?  Their interest rates are better than those quoted.

masonic

Beagless said:

Is there a reason why Metro Bank Fixed Rate ISAs are not recommended?  Their interest rates are better than those quoted.

Possibly because you can only apply in a store, and "Our main focus is on making sure our essential services are available for our existing customers – this means we may not be able to open new accounts in store at the moment."

twig_girl

Al Rayan Bank has a 2 year fixed rate ISA at 1.4% but it's not listed in the Top ISA's for 2020/21. Is there a reason for this as it's quite a bit better than the cash ISA's recommended here.

masonic

twig_girl said:

Al Rayan Bank has a 2 year fixed rate ISA at 1.4% but it's not listed in the Top ISA's for 2020/21. Is there a reason for this as it's quite a bit better than the cash ISA's recommended here.

It appears they've not included any Sharia compliant accounts in the ISA list. They do mention the best Sharia account in the normal savings account article at the bottom of the table. It does, however, make the list here: https://moneyfacts.co.uk/isa/2-year-fixed-rate-isas/ (and on Moneysupermarket after you've fiddled with the options to include it).

RickCal

one point about the Cynergy Bank ISA is that a mobile phone is needed to open an account. This excludes about 5% of the UK population.

masonic

RickCal said:

one point about the Cynergy Bank ISA is that a mobile phone is needed to open an account. This excludes about 5% of the UK population.

It's estimated that only 73% of the population use internet banking (ONS), so Cynergy's Online ISA excludes a greater number than 5%. About 5% of households do not have a mobile phone. There will be some overlap between those groups, and within each group there would be those who could use internet banking or use a mobile phone if they so wished. So the number actually excluded solely because they cannot use a mobile phone is likely to be quite a bit smaller than 5%

SPBEE

So I currently have a help to buy isa which I didn’t really use until recently and transferred in £2000 after receiving a bonus at work. So that I understand it correctly i can only transfer in another £400 for this tax year? If so, any recommendations on whether saving through another cash isa is worth it or not? Or is it best to put the money in a savings account? I am aiming to use the money once I’ve saved enough for a deposit on a house

eskbanker

SPBEE said:

So I currently have a help to buy isa which I didn’t really use until recently and transferred in £2000 after receiving a bonus at work. So that I understand it correctly i can only transfer in another £400 for this tax year?

Not sure what's happening here - you can only pay £200 per month into a Help To Buy ISA so if you've paid £2,000 in, you must have done so over every month since March?  At least one of those would have been in the previous tax year, but the HTB ISA contribution limit is strictly monthly not annually.

SPBEE said:

If so, any recommendations on whether saving through another cash isa is worth it or not? Or is it best to put the money in a savings account? I am aiming to use the money once I’ve saved enough for a deposit on a house

A Lifetime ISA may make more sense than HTB, as you can pay more into it (up to £4K/year), all of which earns the same 25% bonus as HTB ISA, but you can only use one or the other for the bonus when buying your first property so would need to decide which way to jump, the sooner the better....