Flexible ISA with Best Interest Rate

fiestaman87

Does anyone know which ISA provider currently gives the best interest rate on a flexible ISA?

Thanks

Gambler

I've stayed with Coventry due to the ISA being flexible but 1.15% is making me think it's time to move to a normal one.

masonic

The beauty of a flexible ISA is you only need your money to reside there for a few days each tax year, so it can be elsewhere earning a more reasonable rate of interest for the rest of the time.

Gambler

Thanks but doesn't work forme due to the £500 psa

masonic

Gambler wrote: »

Thanks but doesn't work forme due to the £500 psa

Well there's not much point having a flexible ISA if you can't benefit from its flexibility. Though I wonder if you've considered the Masthaven 11 month fix at 1.96%, which could still be viable if some of the interest would fall within your PSA.

Gambler

My circumstances are I need to buy a house before we sell the family home.

masonic

Gambler wrote: »

My circumstances are I need to buy a house before we sell the family home.

ISA transfers tend to complete within a couple of weeks these days, so you'd be best off going for the best easy access rate, then transferring to a flexible ISA with a reliable bank nearer the time you'll need the money. Be sure to have a current account set up and ready at the same bank as your future flexible ISA.

Gambler

masonic wrote: »

ISA transfers tend to complete within a couple of weeks these days, so you'd be best off going for the best easy access rate, then transferring to a flexible ISA with a reliable bank nearer the time you'll need the money. Be sure to have a current account set up and ready at the same bank as your future flexible ISA.

Thanks very much as I hadn't thought of it like that.

Definitely worth it now due to the 0.3% difference in interest rates.

:beer:

harirajanv

what about Tesco's. Instant Access Cash ISA - 1.44%

I don't know why Tesco Bank's such a high instant access Cash ISA doesn't show up in Martins review. best-cash-isa

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Tesco
Instant Access Cash ISA
Flexible tax-free saving
Save tax-free with our Instant Access Cash ISA, knowing you can make withdrawals if you need to.
Take money out and replace it later, without it counting towards your annual ISA allowance. All you have to do is replace the money in the same tax year it was withdrawn
Start saving from £1 and pay in up to £20,000 in the 2018/19 tax year - this is the combined limit for all ISA types ISA Types
Earn 1.44% Gross/AER (variable) on your savings - includes a 0.79% fixed bonus for 12 months Our interest rates

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Thx

Gambler

Tesco currently unable to accept applications

harirajanv

All, this has now reopened, please check .. it is best one out.
flexible and allows transfers in.

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Instant Access Cash ISA - 1.44%
Flexible tax-free saving

Save tax-free with our Instant Access Cash ISA, knowing you can make withdrawals if you need to.
Take money out and replace it later, without it counting towards your annual ISA allowance. All you have to do is replace the money in the same tax year it was withdrawn
Start saving from £1 and pay in up to £20,000 in the 2018/19 tax year - this is the combined limit for all ISA types
Earn 1.44% Gross/AER (variable) on your savings - includes a 0.79% fixed bonus for 12 months
Instant access to your funds
The current rules for ISAs are subject to change by HM Revenue & Customs and the value of tax benefits depends on individual circumstances

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Thx