Top Cash ISAs Discussion Area

blueberrypie

bleschu wrote: »

Hi

I've just found a cash ISA at 3.75% which is much better than any of those that I've seen listed on any of the comparison sites (and this site!) Unless of course I am missing something!

To get that rate, you have to pay in between £25 and £425 a month (only one deposit per month) and you can only make one withdrawal per year (no notice required).

This sounds reasonable to me as it will be an emergency fund which I hope I wouldn't want to access more than once a year, and the minimum payment is quite small!

So, what's the catch? Why haven't any of the major comparison tables picked it up?

Sorry, I can't post links but its on the Stroud and Swindon website and its the Regular Saver ISA. Your feedback would be very welcome!

It's already listed on the Mini Cash ISAs: The Best ISAs currently available List - see the bottom of the first post. https://forums.moneysavingexpert.com/discussion/401374

bleschu

Thanks - I guess that means there's no particular drawbacks then... I wonder if that post should be linked to directly from the main page. I thought the main page was meant to be the best ISAs currently available - I haven't quite got the hang of the forums - there are so many of them!

gunmaker

bleschu wrote: »

So, what's the catch? Why haven't any of the major comparison tables picked it up?


Kirsty

As far as I can see the only catch is it's a regular saver account and it doesn't allow transfers in.

Therefore the amount of interest will be less after 12 months of drip feeding deposits into it compared with depositing £5100 on day one somewhere else with a lower interest rate. In addition it has a maximum deposit allowed of £20,000.

If you don't have an ISA to transfer in and can afford to pay in £25-425 per month then go for it.

littlemergirl

Hi

Just a word of warning about the Santander ISAs. As well as being a customer of theirs with my current account (which causes me no end of stress and confussion whenever I try and do something slightly more complicated than paying in a cheque), I also work within the ISA transfer team for another provider and Santander are a complete nightmare. They will not transfer your ISA out to someone else if they can possibly help it. From my experience they do everything possible to keep your ISA, from refusing to acknowledge they've received transfer requests, to sending the wrong amount so your new provider can't accept it. I would say it takes well over the 30 days reccommended to complete an ISA transfer to get your money out of Santander. Just might be worth keeping in mind if you're opening one and planning on transferring it once the initial rate of interest drops.

n3phi1im

Haven't had a chance to investigate it fully but it looks good, seems to be an 'apply in branch' only so ymmv.

Super Flexible ISA


Quick question: I have a (non super) flexible ISA opened this year. I know you can transfer previous years ISAs around but can I transfer this years ISA?

Oh here it is, the small print:

To receive the Super Flexible ISA rate for the first 12 months you must ensure you continue to hold your qualifying investment. After 12 months your Super Flexible ISA will become Flexible ISA. If you close your separate qualifying investment or do not maintain at least the same amount or more in your separate qualifying investment your Super Flexible ISA will become Flexible ISA. Cash ISA transfers in are allowed which means you can enjoy our highest ISA rate on this year’s as well as previous year’s ISA allowances. Qualifying investments - all investments and pensions excluding Child Trust Fund and Guaranteed Income Bond.

lisyloo

The downside with these is that you have to have a qulifying investment.
Generally the investment products offered are poor.

MrTreemonkey

Hey gang:

I'm looking to set up some ISA savings fun, however due to some professional educational fees I don't have a lump sum to save and I'd be looking for an ISA which allows me to put in money on a monthly basis with no £500.00 minimum deposit as I doubt I could get over this threshold every month. So therefore do any of u guys know of any ISA's out there which would be suitable. I am aware I will sacrifice interest rate.

Or would I be better to try to get a savings account with a decent rate and build up a block of money and gain interest on it there as I see savings accounts are easier in realtion to smaller regular deposits rather than the large one off cash desposit favoured by banks for ISA's. Would I be best to set up a regular saver and put into this and depending on the interest payment schedule move a lump sum into an ISA around March time?

Any help would be very helpful as I'm just starting to find my feet with all this ISA stuff.

Ta muchly!

the_devil_made_me_do_it

My OH has had an ISA with Coop Bank for a few yrs now & their interest rate is rubbish.

Can anyone advise on which bank is offering the best interest rate? He dosen't want to have an account which requires money to be deposited once a month or anything. Just looking for an easy staright transfer.

10_66

the_devil_made_me_do_it wrote: »

My OH has had an ISA with Coop Bank for a few yrs now & their interest rate is rubbish.

Can anyone advise on which bank is offering the best interest rate? He dosen't want to have an account which requires money to be deposited once a month or anything. Just looking for an easy staright transfer.

Have a look HERE, you should find what you're after under those listed as accepting transfers in. It's divided into different sections (ie variable, fixed 1 year, fixed 2 years etc).


.

steve1980

I've just taken out a flexible isa with Santander which rus at 2.7% above the base rate for a year.