Skipton Bonus Cash ISA v Skipton Cash ISA Tracker

Growingold

The Bonus Cash ISA  pays 5% including a bonus of 1% for the first 12 months.
The Tracker pays 4.7% and tracks 0.70% below BOE base rate for 24 months.

Which one do you think is best?  Even if BOE raise Base Rate at next meeting by 0.25% will bring the tracker to 4.95% still below the Bonus Cash ISA of 5% which could increase too.

Thoughts would be appreciated.  Thanks

MDMD

I have both and just have £100 from prior year contributions in the lower paying one. 

Growingold

MDMD said:

I have both and just have £100 from prior year contributions in the lower paying one. 

Forgot I'd lose the flexibility of previous years contributions

sparkiemalarkie

I have both too.
I already maxed out the tracker ISA but Skipton does not allow internal partial transfers between 2 ISAs. 
I had to do a partial transfer away to another ISA provider and transfer back to the new bonus ISA in order to split my money.
It was quite a faff but I felt it was worth it.

sx

Rich2808

sparkiemalarkie said:

I have both too.
I already maxed out the tracker ISA but Skipton does not allow internal partial transfers between 2 ISAs. 
I had to do a partial transfer away to another ISA provider and transfer back to the new bonus ISA in order to split my money.
It was quite a faff but I felt it was worth it.

sx

Quite crazy you cannot do partial transfers between Skipton accounts - so have to move funds out and then back as you have done.

I would keep both - as its possible base rates may rise further and the 1 per cent bonus will disappear in a year.

dingling68

Thank you for this timely post. I had transferred 2 old accounts into the tracker just before the bonus one became available and was wondering what to do!