Best Cash Isa rates

SteveGPS

Hi. Looking to ensure the best place for the cash as the new tax year is looming large, and I see the best rates - Trader 212 and Leeds BS are similar to Chip's rates, but Chip is nowhere to be seen in the table. Is there a problem with Chip that would exclude them from the table?

flaneurs_lobster

Are you looking at MSE?

Try another list

https://moneyfactscompare.co.uk/isa/

other lists are available too

eskbanker

https://forums.moneysavingexpert.com/discussion/6654571/best-cash-isa-rates

https://www.moneysavingexpert.com/savings/best-cash-isa/#topeasy lists eight easy access cash ISAs, paying between 3.91% and 4.4%.

https://www.getchip.uk/savings-accounts/cash-isa isn't 'similar' as it's some way off that mark so doesn't make a 'best buys' table that's sorted by interest rate.

SteveGPS

Interesting, thnaks. I did note that Trading 212 only pays 3.6% on funds transferred from previous years, actually below the Chip rate as in the link supplied which seems in indicate 3.76%. Guess it's a case of weighing up all the options, and bonus time limited supplementary rate elements.

Thanks both.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81877217#Comment_81877217

Yes, some providers do pay lower interest on transferred funds, but the MSE piece explains that - there are still plenty paying better than Chip though!

Mr_Mean

This is the best 1yr, actually 12mths+30 day fixed cash isa.

You need a HSBC current account to get it. It pays 4.5% but you can also get Cashback if you transfer or pay new money in of £20k or more. If you pay in £20k you’ll get £150 cash back, so that makes the overall rate about 5%.
There is an important caveat. It must be new money from outside HSBC So DO NOT FUND FROM HSBC ACCOUNT. It needs to be funded from a non Hsbc group bank. If the money you wish to use is in a hsbc account, send it somewhere else and then faster payments it DIRECTLY TO THE ISA ACCOUNT. Using its sort code and account number..

If you pay in from a hsbc group account, you’ll still get the 4.5% but not the Cashback due to sneaky t&cs - I very nearly fell foul as I was going to transfer money to my hsbc current account to internally fund, purely because I already had my current account listed as a payee, luckily noticed in time!