Virgin 1 Year Fixed Rate Cash ISA Exclusive now upto 1.76%

sparkyspark

Virgin 1 Year Fixed Rate Cash ISA Exclusive now upto 1.76%

• This ISA is open to customers with a current account from Virgin Money, Clydesdale Bank or Yorkshire Bank (apart from our Essential Current Account or any account opened with Northern Rock)

1 Year Fixed Rate Cash ISA Exclusive | ISAs | Savings | Virgin Money UK

wiseonesomeofthetime

Now, if only I had not invested my £20k ISA allowance for this year in a S&S ISA, currently yielding minus 5.13% 🤦‍♂️ 😂

dc_scotland

sparkyspark said:

Virgin 1 Year Fixed Rate Cash ISA Exclusive now upto 1.76%

• This ISA is open to customers with a current account from Virgin Money, Clydesdale Bank or Yorkshire Bank (apart from our Essential Current Account or any account opened with Northern Rock)

1 Year Fixed Rate Cash ISA Exclusive | ISAs | Savings | Virgin Money UK

This is not a new issue, but a change to the existing Fixed Rate Cash ISA Exclusive Issue 2.  So anyone who already took out that issue at a rate of 1.5% automatically benefits from the new 1.76% rate.

izawa

wiseonesomeofthetime said:

Now, if only I had not invested my £20k ISA allowance for this year in a S&S ISA, currently yielding minus 5.13% 🤦‍♂️ 😂

tell me about it, nothing seems fine these days

DavidT67

MSE, how come this one's not listed on the top Cash ISAs page?  Beats the listed one year fixed term ones listed.

eskbanker

DavidT67 said:

MSE, how come this one's not listed on the top Cash ISAs page?  Beats the listed one year fixed term ones listed.

Perhaps because it isn't a one year fixed term account?

It matures on 28 April 2023, regardless of opening date, so is currently an eleven-and-a-bit month fixed term account for anyone opening one now....

george4064

wiseonesomeofthetime said:

Now, if only I had not invested my £20k ISA allowance for this year in a S&S ISA, currently yielding minus 5.13% 🤦‍♂️ 😂

That terminology doesn't make sense, an account/investment that yields a minus figure means you are paying interest to keep that account open (somewhat like a loan).

You're not paying 5.13% (per annum) to keep your S&S ISA open, much more plausible that your S&S ISA is currently showing a loss of c. 5.13% however its just a paper loss and you would only realise that loss if you sell now. 

justforlaugh

I regretfully opened 2-year fixed cash isa for 1.5% in April . Not sure if worthy to close that account (lost 90-day interests) and move them to this higher rate .

thor

justforlaugh said:

I regretfully opened 2-year fixed cash isa for 1.5% in April . Not sure if worthy to close that account (lost 90-day interests) and move them to this higher rate .

Can't you just do an ISA to ISA transfer without any loss of interest?

kaMelo

You can always transfer an ISA but fixed always carry some penalty when moving before the term is up, even if moving in house.

refluxer

thor said:

Can't you just do an ISA to ISA transfer without any loss of interest?

You usually can if it's an Easy Access ISA, but Fixed Rate ISAs almost always carry a penalty if you close them or transfer your funds to another ISA before the end of the fixed period.