Best savings account?

mattyfez said:
Whether it's worth switching if other providers follow suit.. I'm talking about instant access savings rather than ISA or trading accounts, as ISA is not very competitive Atm.
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The best ISA rate is T212 @5.17% though which beats all instant savers. Withdrawal isn't instant but usually within a day. If that isn't an issue then it's a no brainer. Unless you've used your allowance already of course.
 
mattyfez said:
Whether it's worth switching if other providers follow suit.. I'm talking about instant access savings rather than ISA or trading accounts, as ISA is not very competitive Atm.
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ISA is 100% competitive unless you're playing silly buggers with a lump sum drip feed in to a regular saver for an additional £20 per year or whatever it might be. And even then, the place that's best for that lump sum is the top rate ISAs.
 
It's annoying because I've already transferred my cash ISA this year. I can't transfer again from what I believe as it counts as opening another account of the same type within the current financial year.
 
Mekrel said:
It's annoying because I've already transferred my cash ISA this year. I can't transfer again from what I believe as it counts as opening another account of the same type within the current financial year.
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Are you sure about that?

My understanding is you can only contribute to one each financial year, and if you transfer this is still the same "one". Could be wrong but I am in the 70-90% sure region.

:edit: this is presuming you actually officially transferred, as opposed to just withdrawing all funds and dumping in to a new account. Even then, you should be able to properly transfer that second account and continue paying in to that I think.
 
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Mekrel said:
It's annoying because I've already transferred my cash ISA this year. I can't transfer again from what I believe as it counts as opening another account of the same type within the current financial year.
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There's no limit on the amount of ISA transfers you can do, even within the same financial year.

The only caveat I've seen is if it's a current year ISA, then you should transfer it all but if it's an older ISA, part transfers aren't a problem. I don't know if that's a specific rule or just advice.

There's also some complications with transferring LISA'S, but other than that it's straight forward. And always transfer, never withdraw and repay in.
 
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