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Isa Rates - Opinions Please
OneADay
Posts: 9,031 Forumite
Sep 2009, I moved my cash Isa to Aldermore from Halifax and combined this years Isa from Barclays with it only this month. So all my Isa holding is with Aldermore.
Now I get a letter from Aldermore - they are dropping rate to 2.8% from February 12th 2010. They give an option to move the Cash Isa 30 day notice to a fixed rate of 3.1% for 12 month.
Not really impressive and I am wondering on what to do. Wait till April to see if rates improve or try to move somewhere else right now?
Halifax offer fixed rate isa paying upto 4.25 for 4 years or as little as 2.5% for 1 year. Not keen to fix at anything (at least not more han 1 year).
So what would you do?
Now I get a letter from Aldermore - they are dropping rate to 2.8% from February 12th 2010. They give an option to move the Cash Isa 30 day notice to a fixed rate of 3.1% for 12 month.
Not really impressive and I am wondering on what to do. Wait till April to see if rates improve or try to move somewhere else right now?
Halifax offer fixed rate isa paying upto 4.25 for 4 years or as little as 2.5% for 1 year. Not keen to fix at anything (at least not more han 1 year).
So what would you do?
0
Comments
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Better on the ISA forum? ...... where there's an existing thread :-
http://forums.moneysavingexpert.com/showthread.html?t=2191553
2.8% for easy access is as good as it gets at the moment? You only improve by fixing it .....but sensibly not above 1 year, as you infer.If you want to test the depth of the water .........don't use both feet !0
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