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Cash ISAs: The Best Currently Available List
Comments
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What's currently better than Kent Reliance?
(in terms of being mentioned in the Top Cash ISAs article)
For a variable rate ISA (which allows transfers in), the Kent Reliance Direct ISA still offers the best rate available. If you don't mind operating this ISA by post, then this is a very good offering which has paid a competitive rate of interest for the last 3-4 years.Please call me 'Kazza'.0 -
C'mon Kazza, don't let your work interrupt your vital activities here! ;-)
Thanks again for all you do.0 -
For a variable rate ISA (which allows transfers in), the Kent Reliance Direct ISA still offers the best rate available. If you don't mind operating this ISA by post, then this is a very good offering which has paid a competitive rate of interest for the last 3-4 years.
Thanks Kazza. It makes a nice change for me to choose a winning investment. :money:
I switched to KR a few months back. Glad they only dropped the ISA rate slightly and they still allow transfers.0 -
I was going to go with the Kent one, but it seems awkward to have to deal with the post in this day and age! No one seems to have mentioned the Variable Rate Cash e-ISA from Principality. You can transfer in with instant access and online account management. All with 6.10%. I think this ticks all the right boxes for me:
http://www.principality.co.uk/default.aspx?page=6070 -
I was going to go with the Kent one, but it seems awkward to have to deal with the post in this day and age! No one seems to have mentioned the Variable Rate Cash e-ISA from Principality. You can transfer in with instant access and online account management. All with 6.10%. I think this ticks all the right boxes for me:
http://www.principality.co.uk/default.aspx?page=607
The Principality e-ISA pays 6.05% and does feature in the first post of this thread.
It is a very good offering, especially for those who want to manage their ISA online. Though, if online access isn't a requirement, then the Kent Reliance ISA is still a very good offering. It has paid a competitive rate of interest for a 3-4 years - which is unusual in today's the savings market.Please call me 'Kazza'.0 -
Hi folks,
Apologies, I'm new to all this and unsure how to post a new thread - doh! - so please bear with me.
We're about to invest in an ISA and circumstances are as follows:
We should have £3,000 lump sum in a few weeks to invest in me or my wife's name to use the current full allocation. Would want to have instant access to this for rainy days.
Would want to invest £80 per month (and £267 in both Feb and March) in another Instant Access ISA. Idea is this would be a starter for savings, car bills etc and would fluctuate throughout the year as we buy Road Tax etc etc. Would be hoping to increase this figure from the Autumn.
Should we just use the 1st lump-sum ISA then start adding and subtracting from this post April in order to maximise interest? What would be the best accounts/advice for us?
All help welcome....0 -
I opened an ISA each for my OH & self for 07/08 in April 07, at the rate of 6.35% (6.50%) with monthly interest. I believed that this applied for the first year, but then would drop by 1%.
Trouble is, on my recent 1st statement, it states that the interst rate is 5.81% with an extra 1% 'subjct to certain rules'.
The 5.81% doesn't seem to relate to anything I was told when i opened the ISA and Barclays don't seem to want to tell me what the 'ceratin rules' are for the extra 1%.
To be honest, i'm not actually sure what rate I'm actually getting as there have been so many transactions on my account, I'm struggling to check the rate calc. I haven't seen OH 1st statement so don't know what he's getting.
Has anyone got any idea what's going on?
Ssshh - I might know about deals in/near Keswick0 -
Curveygirl wrote: »I opened an ISA each for my OH & self for 07/08 in April 07, at the rate of 6.35% (6.50%) with monthly interest. I believed that this applied for the first year, but then would drop by 1%.
Trouble is, on my recent 1st statement, it states that the interst rate is 5.81% with an extra 1% 'subjct to certain rules'.
The 5.81% doesn't seem to relate to anything I was told when i opened the ISA and Barclays don't seem to want to tell me what the 'ceratin rules' are for the extra 1%.
To be honest, i'm not actually sure what rate I'm actually getting as there have been so many transactions on my account, I'm struggling to check the rate calc. I haven't seen OH 1st statement so don't know what he's getting.
Has anyone got any idea what's going on?
I'm assuming that you had opened the Barclays Tax Beater ISA(?), which was paying 6.50% when it initially launched. If so, then the current rate it is paying (from 02/01/2008) is 6.56% gross which works out as 6.76% AER.
This is what it says on the Barclays website, here (which also shows the current interest rate):These rates include an introductory bonus of 1% gross. The bonus will be paid for 12 months from the date you open your account with a minimum of £1, after which time the rates will reduce accordingly.
Between the 01/08/2007 - 01/01/2008 the rate paid was 6.81% gross (7.03% AER). As you've received your statement, you could confirm you were receiving this rate - by calculating the interest you should have been paid for e.g. November 2007 and checking it against how much was paid.
0.0681 x The sum in your account on Nov 1st
divide by 365
x 30 (the number of days in Nov)
e.g. 0.0681 x £3150 = (£214.51)
divide by 365 (=0.587)
x 30 = £17.63 interest (approx)Please call me 'Kazza'.0 -
Quick question:
All this talk of transferring from one ISA provider to another.
The last time I did this it took some 3 weeks for the transfer to take place - but during this time what happens to the interest on the money, does it still accrue? And at the old or new account rate?
After all on a 6% ish ISA then a loss of 3 weeks interest is 0.35% which is much greater than the differences between most of these ISA accounts.
Basically what I'm asking is this - is it worth transferring with such a loss of interest during the transfer?0 -
There normally isn't such a loss of interest. Different providers have different policies about this - some will fully backdate interest to the date your old account was closed; others are less generous. You shouldn't really expect to lose more than 5 days interest during a transfer. You can minimise the interest you lose by avoiding making transfers near April (when ISA providers are busiest) and/or by making sure the provider to whom you are transferring the ISA will backdate your interest if there are any delays.Basically what I'm asking is this - is it worth transferring with such a loss of interest during the transfer?0
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