Shawbrook or virgin or premium bonds

Gobigorgohome

My virgin fixed cash isa just matured and is now being moved to their easy access 1.2% so I need to make a decision asap where to move. 

I have £65k in cash isa
£40k in premium bonds
I will be getting a large sum of money in November. What do I do now?

1. Move isa to virgin fixed at 4.11% and take out £20k from premium bonds to add it to this ISA (they allow new money for 30d only) and then when I get payout in November add it to premium bonds 

2. Transfer to shawbrook at 4.23% now existing isa and wait until November to add £20k
Or something else?

taking it out of premium bonds I’ll lose the draws probably until January as only will be able to add remaining money in November. 

Gobigorgohome

Also ive asked chatgpt this and it advised second option but im not sure it fully understood 

Kim_13

I can't see a 4.23% at Shawbrook but they do have a 4.31% 1 year fix. I would open that as it gives you a rate advantage over Virgin for your transfer. Shawbrook ISAs allow funding through the term also so you can add the £20K in November and not miss any Premium Bond draws.

Albermarle

Without knowing your objectives for the money, or your personal circumstances, it is difficult to comment.
Normally money needed for the long term is better invested rather than put in savings accounts. Could be via a Stocks and share ISa or a pension.

35har1old

Gobigorgohome said:

My virgin fixed cash isa just matured and is now being moved to their easy access 1.2% so I need to make a decision asap where to move. 

I have £65k in cash isa
£40k in premium bonds
I will be getting a large sum of money in November. What do I do now?

1. Move isa to virgin fixed at 4.11% and take out £20k from premium bonds to add it to this ISA (they allow new money for 30d only) and then when I get payout in November add it to premium bonds 

2. Transfer to shawbrook at 4.23% now existing isa and wait until November to add £20k
Or something else?

taking it out of premium bonds I’ll lose the draws probably until January as only will be able to add remaining money in November. 

Are you sure that's it's being moved to an account paying 1.2% only easy ISA I see is one paying 4.06% until you have made three withdrawals then it drops to 1.25%
One year fix is current 4.16 %

kipsterno1

One of the things that I think is confusing people with all these Virgin ISA posts is that there have been two different ISA's mature in August.

E-ISA issue 615 matured on 24/08/25. This was on the 08 sort code platform and I think dropped into an ISA paying 1.25%. This was a 2year fixed.

Cash ISA exclusive issue 14 matures 29/08/25 (I think but could be a day out).This is on the 05 sort code platform and one option was for it to drop into the flexible ISA at 4.11%. This was a 1year fixed,

Don't shoot me if I have the dates slightly wrong or % just out I'm just point out that people who are confused that they have a different maturity date or transfer outcomes may not have realised why.

Gobigorgohome

kipsterno1 said:

One of the things that I think is confusing people with all these Virgin ISA posts is that there have been two different ISA's mature in August.

E-ISA issue 615 matured on 24/08/25. This was on the 08 sort code platform and I think dropped into an ISA paying 1.25%. This was a 2year fixed.

Cash ISA exclusive issue 14 matures 29/08/25 (I think but could be a day out).This is on the 05 sort code platform and one option was for it to drop into the flexible ISA at 4.11%. This was a 1year fixed,

Don't shoot me if I have the dates slightly wrong or % just out I'm just point out that people who are confused that they have a different maturity date or transfer outcomes may not have realised why.

That’s correct. The isa that I had was the one that dropped to 1.2 rate 

Gobigorgohome

Albermarle said:

Without knowing your objectives for the money, or your personal circumstances, it is difficult to comment.
Normally money needed for the long term is better invested rather than put in savings accounts. Could be via a Stocks and share ISa 

Yes I understand but at the moment I need to have the access also I don’t understand about share isa so it’s easier for me to leave it in cash isa. My goal is to pay off my mortgage within the next 10 years but I still have £370k outstanding