Advice on Fixed Rate One Year Cash ISA

DoneWorking

One of my current fixed term cash ISAs is due to mature soon 
I can leave it in for an extra year at approx 0.5% less than best of the rest
Or go for one of the best of the rest
Currently looking at 
Shawbrook and Zopa 

Are there any issues with these

I'd like to pay in £20k and transfer my maturing ISA 

Any others I should consider

subjecttocontract

Just check out what's available and pick one that suits you.

DoneWorking

subjecttocontract said:

Just check out what's available and pick one that suits you.

I was hoping for some advice and recommendations from people in a similar situation 
On reading reviews I see that Shawbrook has had problems 
Zopa looks pretty sound 
Any others I could look at 

eskbanker

If you want more detail than simply picking from any of the 'best buy' lists of rates on this site and elsewhere, the best bet is to spend a bit of time on the ISA sub-board, where all the main contenders are discussed regularly.

https://forums.moneysavingexpert.com/categories/isas-tax-free-savings

pete_l

I've had a Shawbrook fixed and easy access ISA for a couple of years and never had any problems.

DoneWorking

I'm thinking of going with YBS
Decent rate
I already have an account with them which has been excellent 
I have capacity to stay under £85k limit 

Catplan

DoneWorking said:

I'm thinking of going with YBS
Decent rate
I already have an account with them which has been excellent 
I have capacity to stay under £85k limit 

Not quite market leading variable rate loyalty at 4.85 upto 20k then 4.75 was a bit disappointing, they launched a 4.6 1 year fix this week again a bit off the top. They’ve always been easy to deal with but watch out if you have fix or loyalty product they do convert to poor accounts by default.

DoneWorking

Catplan said:

DoneWorking said:

I'm thinking of going with YBS
Decent rate
I already have an account with them which has been excellent 
I have capacity to stay under £85k limit 

Not quite market leading variable rate loyalty at 4.85 upto 20k then 4.75 was a bit disappointing, they launched a 4.6 1 year fix this week again a bit off the top. They’ve always been easy to deal with but watch out if you have fix or loyalty product they do convert to poor accounts by default.

Best rate is 4.76% on MSE

YBS is 4.65%

What's not to like

Beddie

DoneWorking said:

Catplan said:

DoneWorking said:

I'm thinking of going with YBS
Decent rate
I already have an account with them which has been excellent 
I have capacity to stay under £85k limit 

Not quite market leading variable rate loyalty at 4.85 upto 20k then 4.75 was a bit disappointing, they launched a 4.6 1 year fix this week again a bit off the top. They’ve always been easy to deal with but watch out if you have fix or loyalty product they do convert to poor accounts by default.

Best rate is 4.76% on MSE

YBS is 4.65%

What's not to like

Yes, it's fine, you have permission from everyone at MSE towers to go for it. 

refluxer

Like the poster above, I've had both easy access and fixed rate cash ISAs with Shawbrook in the past and never had any issues. One advantage of Shawbrook's fixed rate ISAs is that you can continue to add to them throughout the duration of the fixed rate period - there aren't many providers who also allow you to deposit funds from subsequent tax years in this way. This is of more benefit to longer fixes though (2 years+) as we're so early in the tax year. 

Zopa are also sound, if you're happy with app-only banking. I already had their Smart Saver app so was able to set up a fixed rate cash ISA with them last year in a matter of minutes. One important thing to bear in mind with Zopa though is that they don't allow partial transfers out so if you start to combine allowances from multiple tax years and then wanted to transfer out in the future, you'd have to transfer all of your ISA funds (in all of your pots) at once.