Nottingham BS RS Cash ISA 5%

simonsmithsays

Not seen this elsewhere so could be an option.

Upto £1500 a month, no transfers in.

https://www.thenottingham.com/savings/products/starter-isa-issue-12

soulsaver

Branch based.

35har1old

simonsmithsays said:

Not seen this elsewhere so could be an option.

Upto £1500 a month, no transfers in.

https://www.thenottingham.com/savings/products/starter-isa-issue-12

Why only £1500 × 12 = £18000
Branch only 31 branches over 8 counties

refluxer

35har1old said:

simonsmithsays said:

Not seen this elsewhere so could be an option.

Upto £1500 a month, no transfers in.

https://www.thenottingham.com/savings/products/starter-isa-issue-12

Why only £1500 × 12 = £18000

It says this at the top of the page...

"In March 2025 the balance of the account can be made up to £20,000."

simonsmithsays

35har1old said:

simonsmithsays said:

Not seen this elsewhere so could be an option.

Upto £1500 a month, no transfers in.

https://www.thenottingham.com/savings/products/starter-isa-issue-12

Why only £1500 × 12 = £18000
Branch only 31 branches over 8 counties

Indeed 

That's a great geographic coverage for a regional isn't it?

Refluxer has already pointed, to read the link, for the £20k question 

35har1old

refluxer said:

35har1old said:

simonsmithsays said:

Not seen this elsewhere so could be an option.

Upto £1500 a month, no transfers in.

https://www.thenottingham.com/savings/products/starter-isa-issue-12

Why only £1500 × 12 = £18000

It says this at the top of the page...

"In March 2025 the balance of the account can be made up to £20,000."

Need to put in dairy 01-03-25 make additional payment of £2000 to gain £8.33

refluxer

35har1old said:

refluxer said:

It says this at the top of the page...

"In March 2025 the balance of the account can be made up to £20,000."

Need to put in dairy 01-03-25 make additional payment of £2000 to gain £8.33

Yep - that's the nature of regular saver accounts.

nomorekids

Its great one , I haven't enough to plough 20K into Virgin issue 11 by the 8th May deadline so this one is perfect for the difference to be made up monthly, worth a drive for sure. 

refluxer

Was just trying to get my head around this one - it's certainly a fairly unusual account but the fixed interest rate could make it a good bet for anyone who knows for a fact that they'll end up paying tax on their savings interest and who doesn't have the lump sum needed to make use of their full ISA allowance in one go now but can manage those monthly contributions, in which case 5% is currently a higher rate than the handful of providers who allow continued contributions into their 1 year fixed rate cash ISAs are offering. 

While an easy access ISA is an obvious alternative, the fixed nature of this RS ISA would obviously pay off if and when rates start to fall. Any comparison would assume that the same monthly contributions are made into each, of course. 

Being branch-only limits this already fairly niche product even further, although 8 different counties is a bigger spread of branches than a lot of the smaller building societies have.

flaneurs_lobster

Shame that they haven't got round to changing their FAQs

Cash ISA FAQs

How many cash ISAs can I have?

You can have more than one ISA, but you can’t pay into more than one cash ISA per tax year. Some ISAs will allow you to transfer previous tax years savings into a new ISA.

35har1old

nomorekids said:

Its great one , I haven't enough to plough 20K into Virgin issue 11 by the 8th May deadline so this one is perfect for the difference to be made up monthly, worth a drive for sure. 

Make sure to book an appointment 
Every mile eats into the 5%
I See Virgin terms are saying 1 cash ISA per year for new money
Current offer 5.05