Made £8 in 6 mths on £550 - good or bad?

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Paul_VW
Paul_VW Posts: 131 Forumite
in ISAs & tax-free savings
Ok I have a Norwich Union Prestidge Cash ISA it made £8 (£563 now £571) in the past 6 months. Is this normal? or is this a bad investment? I have had if for a few years (it started off as £500, and I am thinking about changing

should I stay where I am, or go elsewhere?

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    It looks like you're getting around 2.8% interest.

    A Halifax ISA Saver Direct, at 5%, would have paid around £14 - so yes, it's a bad choice of provider/account.
  • Paul_VW
    Paul_VW Posts: 131 Forumite
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    I think I will change it to the smile cash ISA http://www.smile.co.uk/ISA.html?loc=l 4.65% as I am already a customer of them, and I like there "ethicial" policy
  • crossleydd42
    crossleydd42 Posts: 1,065 Forumite
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    A sound idea!
    "Some say the cup is half empty, while others say it is half full. However, this is skirting around the issue. The real problem is that the cup is too big."
  • frivolous_fay
    frivolous_fay Posts: 13,302 Forumite
    First Post First Anniversary Combo Breaker Mortgage-free Glee!
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    You'll also get a slightly better rate of interest with a smile ISA if you have a current account with them too.
    My TV is broken! :cry:
    Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
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