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Which is best TRULY INSTANT access account or cash ISA
Comments
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Cahoot and Hodge both transfer online instantly.
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Trading 212 has always been very quick with me in withdrawing from their flexible cash ISA. They warn you that it could be longer, but as long as you have a registered bank account it has always been more or less instant.
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Kent Reliance, on their new platform are excellent and very speedy deposits and withdrawals 24/7. But avaoid anything on their old platform (which I think still includes ISAs. The new platform has easy access and fixed rate but, last time I looked, not ISAs yet
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I've got a Virgin Money Exclusive Flexi ISA 2 that currently pays 4.11% interest annually on 31st December each year. I've got £20k in tax year 2024-25 and hopefully about £6k in 2025-26. I've made plenty of withdrawals to pay for new kitchen and other annual bills so I'm not aware of any limits on withdrawals and my statements are available monthly on the VM App. Withdrawals have usually been instant to my main bank account (Nationwide Flex). If you don't make any withdrawals or deposits in a particular month, there might not be a monthly statement.
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Atom have always been instant for me.
Their EA cash ISA currently pays 4.25% - no transfers in though.
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Unless you're a higher rate taxpayer, this account will beat any instant access ISA, with the big advantage that it is fixed rate.
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Tesco bank.is another alternative - both for savings and cash ISAs
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Well of course. But with a max. of £400/month, unless that's all that's in the OP's current ISA, they'll presumably be looking for somewhere else to put the rest?
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Well of course. But as the OP gave us no clue about the size of his/her capital, I thought it worth mentioning. In any case, I'm sure there'll be many people who didn't realize it's possible to get 6.25% fixed for instant access money.
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Tesco, Chip and Tandem are all instant payments
Remember the saying: if it looks too good to be true it almost certainly is.0
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