Help choosing my first ISA

Johnny-Cage

I am looking to put 20k in a ISA that’s not fixed term 
Funds are currently in Oxbury at 5.26% 

I am saving for home improvements so need access to the funds at some point next year so thinking I maybe better off using my tax free allowance 

looking on the MSE website Plum and Chip both seem to offer good rates but I’ve really not heard how good they are to deal with, unless there is better places out there 
Any advice will be much appreciated 
tyvm 

gravel_2

I can't speak for Plum but based on threads here it seems to have some quirks that people are not too fond of.

Chip is fine. I have a small non-ISA account with them and never had issues. I also like that their ISA is a tracker so, while it will go down or up with the Bank of England base rate it will track in a way that is consistent rather than the bank just deciding to reduce by a percentage point arbitrarily.

jimjames

I have a Chip ISA having already had a Chip savings account for some time. No issues at all and as it's flexible you can take money out and pay back in without affecting your £20k allowance each year.

Albermarle

gravel_2 said:

I can't speak for Plum but based on threads here it seems to have some quirks that people are not too fond of.

Chip is fine. I have a small non-ISA account with them and never had issues. I also like that their ISA is a tracker so, while it will go down or up with the Bank of England base rate it will track in a way that is consistent rather than the bank just deciding to reduce by a percentage point arbitrarily.

I would note the comment in bold.

Johnny-Cage

Thx all opened a Chip ISA with a quid 
Gave the 90 days notice to Oxbury and will have my RS with Club Lloyds maturing in 3 weeks to load 20k in Chip once the 90 days is up in August