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Cash ISAs: The Best Currently Available List
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ISA news from the budget 2015:
More flexible ISAs to be introduced. The new rule will not penalise people if they take money out of their ISAs and put it back in again. The new ISA will be available from the autumn.
Help to Buy ISAs are to be introduced. They will apply to first-time buyers. For every £200 they save, the government will top it up with £50.Please call me 'Kazza'.0 -
veryintrigued wrote: »Thats doubtful. Suspect it will be branch only.
It normally is - then you have to go in to the branch and have an appointment with someone who opens the account who just happens to be an advisor who has to go through all the services provided by Nottingham Building Society. I tried to cut her off in the first few minutes but she said she has to go through everything before actually opening the account...MumOf4Quit Date: 20th November 2009, 7pm
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veryintrigued wrote: »I know for a fact that another (normally decent paying) B.S is currently considering a R.S - fingers crossed its an even better rate.
Fingers can be uncrossed now. Reliable sources tell me those of you who are Saffron members the R.S they will be offering is a 3.5% one.
Thats in additon to the 3% R.S (branch only) that Notts B.S will be launching.0 -
veryintrigued wrote: »Fingers can be uncrossed now. Reliable sources tell me those of you who are Saffron members the R.S they will be offering is a 3.5% one.
Thats in additon to the 3% R.S (branch only) that Notts B.S will be launching.
They sound grand rates but can be beaten in various other scenarios- 12 x£1,270 in 3.5% ISA = £287.41 return
- 12 x £800 in 6% non ISA RS, £400 in 4% non ISA RS: £330.61 return after BR tax (£442.60 gross)
- 1 x £15,240 in 2% ISA = £304.80 return
- 1 x £15,240 in 3% non-ISA accounts £365.56 return after BR tax (£457.20 gross)
- 1 x £4,500 in 5% non-ISA, £5,000 in 4% non-ISA, £5,740 in 3% non-ISA: £474.72 return after BR tax (£593.40 gross)
- etc etc etc
Worth for people to work out what is best for them, and not just look at AER numbers.0 -
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My wife has an income of £1200 and £20000 in a tax free ISA at 1.5%. I think she would be better off to move her money from the ISA to a current account paying 3% as I think from April the interest would not be taxed. Am I correct?0
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Not this April. Maybe April 2016. But even after higher rate tax she'd get more in the current account.My wife has an income of £1200 and £20000 in a tax free ISA at 1.5%. I think she would be better off to move her money from the ISA to a current account paying 3% as I think from April the interest would not be taxed. Am I correct?0 -
Not this April. Maybe April 2016. But even after higher rate tax she'd get more in the current account.
Actually I do mean this april as I understand that if your total income including interest is less than £15600 then you dont pay interest on your savings. I do realise that the following year (April2016) that no tax is paid on the first £1000 interest0
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