We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Got a best buy Isa last year? Act now as rates have plummeted
Options
Former_MSE_Helen
Posts: 2,382 Forumite
"Last year's top cash Isa rates have plummeted, so act now to make sure you're not losing out on hundreds of pounds..."
Read the full story:
Got a best buy Isa last year? Act now as rates have plummeted
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Got a best buy Isa last year? Act now as rates have plummeted
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
Hmh, I wonder why MSE left the Nationwide Flexclusive off their list of best buys, when it
- was the best buy by a million miles
- allows further deposits in 2013-14
0 -
Your information on the Virgin e isa is incorrect.
I have one and received information from them that the rate was to drop to 2.42% from the 2.85% current rate.0 -
Hmh, I wonder why MSE left the Nationwide Flexclusive off their list of best buys, when it
- was the best buy by a million miles
- allows further deposits in 2013-14
Once again, MSE is not an objective source of news, but want to grab headlines. They report only those accounts that 'work' with the story they want to write - and ignore anything else.
The Nationwide Flexclusive ISA doesn't 'work' with this headline, since the rate remains at 4.25% until the autumn. So rather than noting that their claims don't apply to all, they simply ignore it.0 -
Hmh, I wonder why MSE left the Nationwide Flexclusive off their list of best buys, when it
- was the best buy by a million miles
- allows further deposits in 2013-14
I was wondering that too. They have listed other ISAs whose rates don't drop just yet. There were two issues of the Flexcluxive ISA, both of which would top that best buy table.0 -
Once again, MSE is not an objective source of news, but want to grab headlines. They report only those accounts that 'work' with the story they want to write - and ignore anything else.
The Nationwide Flexclusive ISA doesn't 'work' with this headline, since the rate remains at 4.25% until the autumn. So rather than noting that their claims don't apply to all, they simply ignore it.
Not sure that is correct. If you look at the list they incude Cheshire which doesn't drop until 1 October. They even include Virgin, which does not drop at all! Seems as if it is an accidental omission to me.0 -
Paul_Varjak wrote: »Seems as if it is an accidental omission to me.
Agree, that's the best explanation. Akin to still suggesting HL as the best S&S ISA platform based on them "rebating the entire fee....." ("Of all the brokers surveyed, Hargreaves Lansdown tends to win by a nose; they rebate the entire fee for over 2,300 of the funds it sells.").
Seems it is quite dangerous these days if people believe what they read on MSE without doing their own research.0 -
If I recall correctly, it was necessary to have one of Nationwide's Flexaccounts to qualify for their Flexclusive ISA. (A bit like the Santander ISA at the moment). I suspect the other ISAs listed did not require any prerequisite accounts to be eligible to open them.
Warning: In the kingdom of the blind, the one-eyed man is king.
0 -
MSE Says: "Of all the brokers surveyed, Hargreaves Lansdown tends to win by a nose; they rebate the entire fee for over 2,300 of the funds it sells."
Just moved a old pension from Virgin Direct to HL too. Considering putting all investments under their umbrella now.0 -
MoneySaverLog wrote: »MSE Says: "Of all the brokers surveyed, Hargreaves Lansdown tends to win by a nose; they rebate the entire fee for over 2,300 of the funds it sells."
.
I know MSE says that, and that is precisely what I highlighted as an issue. The "best" broker isn't determined by "rebating the entire fee for xxxx funds". Nor do HL rebate "the entire fee" (however that might be defined), not even the initial fee, on all funds these days.
Selecting the best broker for yourself is vastly more sophisticated than the MSE article suggests. Also, the article seems very dated now, not least because there are other platforms now that MSE don't appear to have considered in their research.
But anyway, back to the subject of the thread - - cash ISAs. Sorry I got us off on a tangent.0 -
Ok - time for me to ask a really stupid question.
I have just shy of £10k in a Santander ISA which I got last year - the one with the 3.3% rate.
When does the interest get paid on it, and when should I move it to a new ISA (probably the new 2.5% one also offered by Santander?
If I move it too early, will I not lose the interest earned.
Sorry I know that's a really stupid question...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards