Easy-access cash ISA options

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82186072#Comment_82186072

Thank. Yes I noticed that. They actually only pay 3.0% AER. The 2.5% AER bonus conditional on when you complete a mortgage with Tembo.

silvermum

https://forums.moneysavingexpert.com/discussion/comment/82173257#Comment_82173257

Sorry, a bit late to the party here, but can you explain in a bit more detail what you are doing?
I don't understand what you mean by 'replenish the interest'?
My understanding was that you could only replace the initial capital (up to £20k) in a flexible ISA?

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/82193598#Comment_82193598

You can replace anything you withdrew from a flexible ISA, so if £300 is withdrawn every month (the fact that it's interest doesn't matter), up to £3600 can be paid back in before the end of the tax year.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82193598#Comment_82193598

@eskbanker has explained my position exactly.

This option has been flagged on this forum from time to time, so happy to illustrate it action for others.

With my tax rate on savings increasing to 44٪ in future, being able to divert more than £20k annually back into ISAs will become even more useful.