Best flexible Cash ISA for consistently good interest rate

aroominyork

Can anyone recommend a flexible Cash ISA which consistently has a good interest rate, where you can forget about chasing bonuses and bait-and-reduce providers?

sammy_zammy

Not without a crystal ball, no

BikingBud

aroominyork said:

Can anyone recommend a flexible Cash ISA which consistently has a good interest rate, where you can forget about chasing bonuses and bait-and-reduce providers?

How?

Pick one based upon whatever criteria you might wish and hope!

That you  picked a competitive fix and it doesn't get left behind or that you chose a variable rate that remains competitive.

Rich1976

Both Ford Money and Shawbrook have consistent rates. Whilst not the very best. Ford Money especially offers the new rate to new and existing customers . We have had a normal savings account with them for a few years which pays the same rate as the easy access isa and had no problems .

masonic

Does Shawbrook even offer a flexible cash ISA at the moment?

Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

Rich1976

masonic said:

Does Shawbrook even offer a flexible cash ISA at the moment?

Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

The other person asked for a consistently good rate and not necessarily the best. 

masonic

Rich1976 said:

masonic said:

Does Shawbrook even offer a flexible cash ISA at the moment?

Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

The other person asked for a consistently good rate and not necessarily the best. 

I would not describe it as good, but each to their own.

aroominyork

Rich1976 said:

masonic said:

Does Shawbrook even offer a flexible cash ISA at the moment?

Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

The other person asked for a consistently good rate and not necessarily the best. 

Yes, thank you. A historically maintained decent (not best) rate that means I don't need to shop around every six months.

masonic said:
Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

If Ford are consistently <0.5% under the best that would probably work for me. Re T212, would it be unfair to think a trading platform is more likely to play around with its rates? 

Rich1976

I would rather go for a provider such as Ford because they don’t mess around changing the rates when it suits them. They only tend to do it following a base rate change. Also I’m not interested in using purely app based providers.

the rate of the Trading 212 Isa is 4.5% plus the bonus and changes quite often from what I’ve seen based on it wanting to be at the top of the table. Whether the rate will fall away once it has enough customers is anyone’s guess but I am not interested in using providers who do that .

masonic

aroominyork said:

masonic said:
Ford Money is currently offering 4.35%, which is 0.4% below the top clean payer. I suppose that isn't awful, but it is below the rate of T212 after the 3-month bonus expires.

If Ford are consistently <0.5% under the best that would probably work for me. Re T212, would it be unfair to think a trading platform is more likely to play around with its rates? 

Looking over the last year, Ford Money started at 4.40%, went up to 4.60% during the summer, then down to 4.35% at the start of this year. Whereas T212 started at 5.2% (clean rate), then went down to 4.9% and then again to 4.6% (ignoring various short term bonuses that boost those latter rates up by about 0.25% over a 12 month holding period). Early adopters are still earning a competitive rate. The fact you can get an extra 1.1% for 3 months gives you the equivalent of 0.5% margin over a 12 month holding period. If you are still earning more interest after the bonus rate has expired, and have a decent margin to begin with, I can't see you ending with a poorer outcome.

I would have suggested Tembo at a clean 4.8%, but this isn't a flexible ISA. Tembo has a very good track record from its cash LISA product, though its cash ISA is relatively new. Monument is just below that, is flexible, but I do not know if they will be consistent, and they have a high minimum balance.

Qyburn

aroominyork said:

Yes, thank you. A historically maintained decent (not best) rate that means I don't need to shop around every six months.

Six months? These days you're lucky if you can find a "bonus rate" longer than three months.