Flexible cash ISA with fast access and consistency
I'd like to set up a flexible cash ISA to maintain my ISA allowance while I put money in an offset mortgage. The general idea is that I transfer existing ISAs to the flexible ISA, from where I withdraw it to pay into the mortgage. Just before 5th April I move the offset balance from the mortgage back into the ISA, wait until the clock strikes midnight, and on 6th move it back again. Many years ISA allowance thus preserved.
The question next is: whose ISA should I do this with?
First of all, it must be a flexible ISA that accepts transfers in.
Next, it needs to be happy about swiftly moving around big chunks of money, eg so I can do that online on an Easter Bank Holiday, not having to call them up to move >£10K. If there's a current account available at the same bank then that might make things easier. Going to the same bank as the mortgage might make sense, but I don't know who this is yet.
Also, it would be nice if they had a consistent product. I don't want to be in some 'Issue 42' account that has had the rate wound down to nothing, because I won't be able to transfer out once this is set up (to transfer, I'd need to pull the money out of the mortgage for the duration of the transfer period, which could be weeks). While rate isn't a primary consideration, it's not nothing eg if the ISA pays 4% then that's £10 per £100K for every day that the money sits in the ISA.
So who has an 'easy to use' flexible ISA product?
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