Instant Access Cash Isa

MACKEM99

All of our ISAs so far have been fixed rate as we have never needed to get to them  However we now want to open one where we can put money in, take out if needed and then replace later up to limit of course.  I wonder if you kind people can advise best one and way to go about it.  Thanks.

M99

gravel_2

Check the ISA page on the main MSE website. Sounds like you want to make sure the ISA is flexible - not all are.

Zopa_Trooper

MACKEM99 said:

All of our ISAs so far have been fixed rate as we have never needed to get to them  However we now want to open one where we can put money in, take out if needed and then replace later up to limit of course.  I wonder if you kind people can advise best one and way to go about it.  Thanks.

M99

Chip. Ticks all your boxes.

Ayr_Rage

Agreed with above, CHIP Flexible ISA, run via their app and funds FSCS protected by ClearBank.

I opened one yesterday.

Only downside is that they currently do not accepts transfers in from other ISAs of any kind although they say they will do so in the future.

MACKEM99

Thanks for replies.

Stargunner

Zopa also offer a flexible ISA, and it does allow transfers in

slinger2

Paragon have a Double Access Cash ISA offering 4.95% (variable) which is flexi. "This is a Flexible ISA so any funds withdrawn will be added back to your ISA allowance. You then have the option of reinvesting this in another ISA within the same tax year, as long as you don’t exceed your annual ISA allowance and subject to HMRC guidelines." Not sure this 100% true since I thought that "old" money needs to go back to the same account to maintain its ISA status. As the name implies: 2 withdrawals per year before the interest rate plummets. Anyway if the interest rate doesn't suit, you can simply transfer it elsewhere.

slinger2

Should add that few ISAs offer "instant access". Normally they are "easy access", eg the next day. Read the small print.