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  • FIRST POST
    • Kazza242
    • By Kazza242 14th Mar 07, 10:18 PM
    • 1,891Posts
    • 2,438Thanks
    Kazza242
    New Cash ISAs (NISAs): The Best Currently Available List
    • #1
    • 14th Mar 07, 10:18 PM
    New Cash ISAs (NISAs): The Best Currently Available List 14th Mar 07 at 10:18 PM
    New Cash ISAs (NISAs): The Best Currently Available List


    **Please note: The list of ISAs I have compiled below is continually updated. New ISAs are added as they launch and withdrawn ISAs will be removed from the list. Updates to the list are made during the evening.**

    The current New Cash ISA (NISA) limit is £20,000 for the 2017/18 tax year.

    **As with any financial product, before opening a NISA do ensure that you have read and understood the terms and conditions.**

    • Variable Rate Cash NISAs for 'new money' only (i.e. they don't accept transfers in):

    • Scottish BS Loyalty Cash ISA - 1.55%
      Rate guarantee? No. Rate effective from: 04/10/2016.
      Minimum deposit: £1. Operated via: Branch or Post.
      Notes: Available to existing customers holding an ISA with the Society before the tax year 2010/11, (1.35% is paid to customers holding an ISA in tax years 2010/11 & 2011/12 and 1.15% for tax years 2012/13 & 2013/14 and 1.05% for 2014/15 & 2015/16).

    • The Melton BS Cash ISA - 1.00%
      Rate guarantee? No. Rate effective from: 01/08/2017.
      Minimum deposit: £25. Operated via: Branch or Post.
      Notes: Available to residents of Leicestershire, Nottinghamshire, Lincolnshire or Rutland or to customers who have been members with the Society for 5 years or more.


      Variable Rate Cash NISAs for 'new money' only requiring notice to be given:

    • Melton Mowbray BS [60 Days' Notice] Cash ISA - 1.30%
      Rate guarantee? No. Rate effective from: 01/05/2016.
      Minimum deposit: £25. Operated via: Branch or Post
      Notes: 60 days' notice of withdrawal required. Available to existing members (of the Society of 5 years or more) and or locals living in Leicestershire, Lincolnshire, Nottinghamshire or Rutland.

    • Hinckley and Rugby BS 120 Day Notice Cash ISA - 1.20%
      Rate guarantee? No. Rate effective from: 20/04/2017.
      Minimum deposit: £500. Operated via: Branch or Post.
      Notes: 120 days' notice of withdrawal required.

    • Earl Shilton BS [90 Days' Notice] Cash ISA - 1.15%
      Rate guarantee? No. Rate effective from: 01/11/2016.
      Minimum deposit: £10. Operated via: Branch or Post.
      Notes: 90 days' notice of withdrawal required.



      Fixed Rate Cash NISAs for 'new money' only (i.e. they don't accept transfers in):


      Variable Rate Cash NISAs that accept transfers in:

    • Charter Savings Bank Easy Access Cash ISA - 1.02%
      Rate guarantee? No. Rate effective from: 27/07/2017.
      Minimum deposit: £1,000. Operated via: Internet.

    • Post Office Online ISA Easy Access (issue 10) - 1.01%
      Rate guarantee? No. Rate effective from: 13/04/2017.
      Minimum deposit: £100. Operated via: Internet.

    • Ford Money Flexible Cash ISA - 1.00%
      Rate guarantee? No. Rate effective from: 28/04/2017.
      Minimum deposit: £1. Operated via: Internet.
      Notes: You can replace any cash you withdraw from your ISA within the same tax year without it counting towards your annual ISA allowance.

    • Tesco Instant Access Cash ISA - 0.97%
      Rate guarantee? No. Rate effective from: 14/06/2017.
      Minimum deposit: £1. Operated via: Internet or Telephone.

    • AA Easy Access ISA (issue 11) - 0.95%
      Rate guarantee? No. Rate effective from: 19/05/2017.
      Minimum deposit: £1. Operated via: Internet.


      Variable Rate Cash NISAs with withdrawal restrictions & accepting transfers in:

    • Virgin Money Defined Access E-ISA (issue 14) - 1.01%
      Rate guarantee? No. Rate effective from: 13/07/2017.
      Minimum deposit: £1. Operated via: Internet.
      Notes: Up to 3 penalty-free withdrawals permitted per calendar year.

    • Leeds BS Rainy Day ISA (issue 3) - 0.90%
      Rate guarantee? No. Rate effective from: 06/10/2016.
      Minimum deposit: £50,000 (to qualify for the higher rate). Operated via: Branch or Post.
      Notes: Up to 6 penalty-free withdrawals permitted per calendar year.


      Variable Rate Cash NISAs requiring notice to be given & accepting transfers in:

      In order to withdraw from or transfer a notice cash ISA you do need to give the required number of days notice. Failing to do so, usually incurs a loss of interest penalty. If you are choosing a notice ISA please ensure you are able to meet the notice period.

    • Al Rayan Bank 120 Day Notice Cash ISA - 1.20%
      Rate guarantee? No. Rate effective from: 31/05/2017.
      Minimum deposit: £250. Operated via: Branch, Internet, Mobile App, Post or Telephone.
      Notes: 120 days' notice of withdrawal required.

    • Al Rayan Bank 60 Day Notice Cash ISA - 1.00%
      Rate guarantee? No. Rate effective from: 16/03/2017.
      Minimum deposit: £250. Operated via: Branch, Internet, Mobile App, Post or Telephone.
      Notes: 60 days' notice of withdrawal required.

    • National Counties BS 45 Day Notice Cash ISA (issue 5) - 1.00%
      Rate guarantee? No. Rate effective from: 24/05/2017.
      Minimum deposit: £30,000 (to qualify for the higher rate). Operated via: Branch, Internet, Post or Telephone.
      Notes: 45 days' notice of withdrawal required. 0.90% is paid on balances totalling £15,000 - £29,999 and 0.80% on £3,000 - £14,999.
      Available to National Counties customers as at 01/12/2016 only.



      Fixed Rate Cash NISAs that accept transfers in:

      If you are choosing a fixed rate cash ISA - do ensure that you can leave the money untouched until the ISA matures, as making a withdrawal or transferring out before maturity will usually incur a loss of interest penalty.


      1 Year Fixes:

    • Charter Savings Bank Fixed Rate Cash ISA - 1.30%
      Minimum deposit: £1,000.
      Notes: Fixed for one year from account opening.

    • Bank of Cyprus Fixed Rate ISA - 1.24%
      Minimum deposit: £500.
      Notes: Fixed for one year from account opening date. Available to existing customers of 6 months or more only.

    • Bank of Cyprus Fixed Rate ISA - 1.22%
      Minimum deposit: £500.
      Notes: Fixed for one year from account opening date. Available to all.

    • Paragon Bank Fixed Rate Cash ISA - 1.20%
      Minimum deposit: £500.
      Notes: Fixed for one year from account opening.

    • Al Rayan Bank 12 Month Fixed Term Deposit Cash ISA - 1.15%
      Minimum deposit: £1,000.
      Notes: Fixed for one year from account opening.


      14 Month Fixes:

      N/A


      2 Year Fixes:

    • Charter Savings Bank Fixed Rate Cash ISA - 1.41%
      Minimum deposit: £1,000.
      Notes: Fixed for two years from account opening.

    • United Bank UK Fixed Rate Cash ISA - 1.36%
      Minimum deposit: £2,000.
      Notes: Fixed for two years from account opening.

    • Virgin Money Fixed Rate Cash E-ISA (issue 256) - 1.35%
      Minimum deposit: £1.
      Notes: Fixed until 24/08/2019.

    • Virgin Money Fixed Rate Cash ISA (issue 287) - 1.35%
      Minimum deposit: £1.
      Notes: Fixed until 15/08/2019.

    • Shawbrook Bank Fixed Rate Cash ISA Bond (issue 20) - 1.35%
      Minimum deposit: £5,000.
      Notes: Fixed for two years from account opening.

    • Bank of Cyprus Fixed Rate ISA - 1.34%
      Minimum deposit: £500.
      Notes: Fixed for two years from account opening date. Available to existing customers of 6 months or more only.

    • Bank of Cyprus Fixed Rate ISA - 1.32%
      Minimum deposit: £500.
      Notes: Fixed for two years from account opening date. Available to all.

    • Chelsea BS Fixed Rate ISA - 1.30%
      Minimum deposit: £100.
      Notes: Fixed until 30/06/2019.

    • Yorkshire BS Fixed Rate ISA - 1.30%
      Minimum deposit: £100.
      Notes: Fixed until 30/06/2019.

    • Paragon Bank Fixed Rate Cash ISA - 1.26%
      Minimum deposit: £500.
      Notes: Fixed for two years from account opening.


      3 Year Fixes:

    • Virgin Money Fixed Rate Cash E-ISA (issue 257) - 1.50%
      Minimum deposit: £1.
      Notes: Fixed until 24/08/2020.

    • Virgin Money Fixed Rate Cash ISA (issue 288 ) - 1.50%
      Minimum deposit: £1.
      Notes: Fixed until 15/08/2020.

    • Charter Savings Bank Fixed Rate Cash ISA - 1.50%
      Minimum deposit: £1,000.
      Notes: Fixed for three years from account opening.

    • Bank of Cyprus Fixed Rate ISA - 1.44%
      Minimum deposit: £500.
      Notes: Fixed for three years from account opening date. Available to existing customers of 6 months or more only.

    • United Bank UK Fixed Rate Cash ISA - 1.44%
      Minimum deposit: £2,000.
      Notes: Fixed for three years from account opening.

    • Bank of Cyprus Fixed Rate ISA - 1.42%
      Minimum deposit: £500.
      Notes: Fixed for three years from account opening date. Available to all.

    • Paragon Bank Fixed Rate Cash ISA - 1.41%
      Minimum deposit: £500.
      Notes: Fixed for three years from account opening.

    • Chelsea BS Fixed Rate ISA - 1.40%
      Minimum deposit: £100.
      Notes: Fixed until 30/06/2020.

    • Yorkshire BS Fixed Rate ISA - 1.40%
      Minimum deposit: £100.
      Notes: Fixed until 30/06/2020.


      4 Year Fixes:

    • Clydesdale Bank Fixed Rate ISA (issue 40) - 1.80%
      Minimum deposit: £2,000.
      Notes: Fixed until 30/07/2021.

    • United Trust Bank Fixed Rate Cash ISA - 1.55%
      Minimum deposit: £5,000.
      Notes: Fixed for four years from account opening. Transfers in only.

    • Leeds BS Fixed Rate ISA (issue 6) - 1.45%
      Minimum deposit: £100.
      Notes: Fixed until 30/06/2021.

    • Julian Hodge Bank Fixed Rate ISA - 1.40%
      Minimum deposit: £5,000.
      Notes: Fixed for four years from account opening.


      5 Year Fixes:

    • Charter Savings Bank Fixed Rate Cash ISA - 2.15%
      Minimum deposit: £1,000.
      Notes: Fixed for five years from account opening.

    • United Trust Bank Fixed Rate Cash ISA - 2.10%
      Minimum deposit: £5,000.
      Notes: Fixed for five years from account opening. Transfers in only.

    • Virgin Money Fixed Rate Cash E-ISA (issue 258) - 2.00%
      Minimum deposit: £1.
      Notes: Fixed until 24/08/2022.

    • Virgin Money Fixed Rate Cash ISA (issue 289) - 2.00%
      Minimum deposit: £1.
      Notes: Fixed until 15/08/2022.

    • Paragon Bank Fixed Rate Cash ISA - 1.95%
      Minimum deposit: £500.
      Notes: Fixed for five years from account opening.

    • United Bank UK Fixed Rate Cash ISA - 1.93%
      Minimum deposit: £2,000.
      Notes: Fixed for five years from account opening.

    • Shawbrook Bank Fixed Rate Cash ISA Bond (issue 7) - 1.70%
      Minimum deposit: £5,000.
      Notes: Fixed for five years from account opening.

    • Nationwide BS Loyalty Fixed Rate ISA - 1.65%
      Minimum deposit: £1.
      Notes: Fixed for five years from account opening date. Available to existing members only (minimum of 1 year's continuous membership).

    • Leeds BS Fixed Rate ISA (issue 64) - 1.60%
      Minimum deposit: £100.
      Notes: Fixed until 31/08/2022.



      Help to Buy ISAs:

      Help to Buy ISAs are open to first time buyers. You can save up to £1,200 in the first month and then up to £200 per month thereafter. If you miss a monthly contribution you don't get penalised though you cannot make it up the next month.

      The Government will contribute a 25% tax-free top-up to the whatever balance is in your ISA at the point when you use it for a deposit. You must have saved at least £1,600 to qualify for the Government top-up and you can only receive a maximum top-up of £3,000 (on your £12,000 balance).

    • Penrith BS Help to Buy: ISA - 3.00%
      Minimum deposit: £1. Min - Max monthly deposit: £0 - £200.
      Operated via: Branch or Post.
      Notes: Open the account with a minimum of £1 up to £1,200 - this must be received within the first calendar month of account funding.
      It is available only available to those living in Cumbria only.

    • Tipton & Coseley BS Help to Buy: ISA - 2.75%
      Minimum deposit: £10. Min - Max monthly deposit: £0 - £200.
      Operated via: Branch or Post.
      Notes: Open the account with a minimum of £10 up to £1,200 - this must be received within the first month of account opening.

    • Darlington BS Help to Buy: ISA - 2.55%
      Minimum deposit: £1. Min - Max monthly deposit: £0 - £200.
      Operated via: Branch Agency or Post.
      Notes: Open the account with a minimum of £1 up to £1,200 - this must be received within the first calendar month of account funding.
      To open this ISA, you must also be living in the Society’s local postcode operating area (DL, DH, SR, TS, YO or HG).

    • Barclays Help to Buy: ISA - 2.27%
      Minimum deposit: £1. Min - Max monthly deposit: £0 - £200.
      Operated via: Branch, Internet, Mobile App or Telephone.
      Notes: Open the account with a minimum of £1 up to £1,200 - this must be received within the first calendar month of account funding.

    • Buckinghamshire BS Help to Buy: ISA (issue 2) - 2.25%
      Minimum deposit: £1. Min - Max monthly deposit: £0 - £200.
      Operated via: Branch or Post.
      Notes: Open the account with a minimum of £1 up to £1,200 - this must be received within the first month of account opening.



      Lifetime ISAs:

      Lifetime ISAs are available to savers aged 18 to 39. They allow up to £4,000 per tax year to be saved up to the age of 50 and they receive a 25% government bonus up to £1,000 per year to help with buying a first home and/or saving for retirement.

    • Skipton BS Cash Lifetime ISA - 0.50%
      Rate guarantee? No. Rate effective from: 08/06/2017.
      Minimum deposit: £1. Operated via: Internet.



      Regular Savings Cash NISAs:


      N/A


    All rates are subject to change without notice. Please check all rates and terms before investing.

    If you can think of an NISA I have missed please do send me a PM.
    Last edited by Kazza242; 12-08-2017 at 4:05 PM. Reason: List updated...
Page 2
    • jimbo_the_jetset
    • By jimbo_the_jetset 19th Mar 07, 12:28 PM
    • 670 Posts
    • 293 Thanks
    jimbo_the_jetset
    [QUOTE=thumshie;4640961]
    I wonder if those wise people out there might also clear one other thing up for me?


    Yes

    Yes

    No(If you mean can i deposit 3k in YBS and 3K in Barclays in the same financial year)

    limited to one. You can only pay in(subscribe) to one isa a year..
    Originally posted by jimbo_the_jetset

    Thanks, I thought that was the case but just wanted to check. Looks like I'll keep the YBS and open up a Barclays after 5th April.

    Out of interest have any existing A&L customers out there managed to argue their way to getting the top ISA? I know they say it's only available to new customers but just wondering if a threat of cancelling account might make them sit up and listen?
    • Kazza242
    • By Kazza242 19th Mar 07, 1:00 PM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    The Barclays web site seems to quote 6.5% for the Tax Beater ISA but then states (6.31% tax free)? Surely an ISA is tax free?

    I think this might relate to the 1% bonus not being tax free? I'm gonna call Barclays to clear that up? Anyone else checked this out?
    Originally posted by jimbo_the_jetset
    Hi jimbo

    The 6.50% rate is the AER (Annual Equivalent Rate) and the 6.31% is the gross rate of interest paid. Remember this Barclays cash ISA pays interest monthly, therefore if you left the interest in the ISA (which is the best thing to do) you would earn interest on your interest. This would make your overall annual rate of interest 6.50%. All interest paid is tax free and the bonus rate is tax free also.
    Please call me 'Kazza'.
    • jimbo_the_jetset
    • By jimbo_the_jetset 19th Mar 07, 1:36 PM
    • 670 Posts
    • 293 Thanks
    jimbo_the_jetset
    Hi jimbo

    The 6.50% rate is the AER (Annual Equivalent Rate) and the 6.31% is the gross rate of interest paid. Remember this Barclays cash ISA pays interest monthly, therefore if you left the interest in the ISA (which is the best thing to do) you would earn interest on your interest. This would make your overall annual rate of interest 6.50%. All interest paid is tax free and the bonus rate is tax free also.
    Originally posted by Kazza242
    Ahhh. Didn't notice it paid interest monthly. Don't bother asking Barclays though, their man in India said the rate you'd get is 6.31%!!
  • TimmyP
    Just a quick question which I think should be easily cleared up.

    I've currently got money in a YBS E-Isa. I've only had it for a couple of months and will have £600 in it by the end of the financial year (my finances have only just started to allow me to save some £). Would it be worth me closing my YBS account, having the funds withdrawn back to my lloyds current account and then pay that into the Barclays Tax Beater Cash Isa as my initial deposit (obviously after Apr 5th)? Or would I be better off leaving it with YBS. I know I'm not talking about vast sums of cash like some people, but I'd still like to maximise the potential of my so called "investment!!" I'd also be paying in around £250 / 275pcm if that makes a difference...?

    Thanks
  • TimmyP
    Hi jimbo

    The 6.50% rate is the AER (Annual Equivalent Rate) and the 6.31% is the gross rate of interest paid. Remember this Barclays cash ISA pays interest monthly, therefore if you left the interest in the ISA (which is the best thing to do) you would earn interest on your interest. This would make your overall annual rate of interest 6.50%. All interest paid is tax free and the bonus rate is tax free also.
    Originally posted by Kazza242
    Kazza

    The T&C's state the following with regard to interest:

    "3.2 Interest is calculated on the daily statement balance and credited to the account annually, at or around the 6 April and when the account is transferred or closed, if applicable."

    I'm guessing there changing from monthly to annual interest payments? :confused:
    • Kazza242
    • By Kazza242 19th Mar 07, 7:55 PM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    I've currently got money in a YBS E-Isa. I've only had it for a couple of months and will have £600 in it by the end of the financial year (my finances have only just started to allow me to save some £). Would it be worth me closing my YBS account, having the funds withdrawn back to my lloyds current account and then pay that into the Barclays Tax Beater Cash Isa as my initial deposit (obviously after Apr 5th)? Or would I be better off leaving it with YBS.
    Originally posted by TimmyP
    No, don't close or withdraw it from your YBS isa. As you have used £600 of your 2006/07 £3,000 cash isa allowance, if you withdraw funds from it you lose that allowance forever. Keep the £600 in the isa and then from April 6th 2007 - April 5th 2008, you can deposit up to £3K again.

    Whereas, if you withdrew the £600 from your YBS ISA and deposited it into the Barclays ISA from April 6th you would only be allowed to add another £2,400.

    The T&C's link on the Barclays webpage takes you through to the general Barclays ISA T&C's. However, if you scroll down you'll find the Tax Beater ISA has it's own specific set of terms and conditions that apply to it only. It states:

    Tax Beater Cash ISA – specific terms and conditions March 2007

    3 Interest is calculated on the daily statement balance and credited to the account on the first working day of each month. This condition replaces condition 3.2 of the general terms and conditions.
    This condition confirms that interest is paid monthly, which explains why both gross and AER figures are quoted.
    Last edited by Kazza242; 19-03-2007 at 8:23 PM. Reason: Add link
    Please call me 'Kazza'.
  • zendrix
    Isn't the Abbey Super ISA at 8.1% a hands down winner for which ISA to choose. The only downside I can see is a restriction on withdrawing money? Glad to hear feedback if I have this wrong, as wanting to put my 3k away somewhere today if possible.
  • zendrix
    Isn't the Abbey Super ISA at 8.1% a hands down winner for which ISA to choose. The only downside I can see is a restriction on withdrawing money? Glad to hear feedback if I have this wrong, as wanting to put my 3k away somewhere today if possible.
    Originally posted by zendrix

    Apologies Ignore me just read through the list again and saw the abbey super mentioned and that you have to have money tied up for 3 years!
    • Kazza242
    • By Kazza242 20th Mar 07, 9:52 AM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    Apologies Ignore me just read through the list again and saw the abbey super mentioned and that you have to have money tied up for 3 years!
    Originally posted by zendrix
    Yes, I edited the ISA's list yesterday evening to highlight the other conditions of the Abbey Super ISA, because I'd received some PM's from people asking why I wrote that I "personally would avoid this isa".

    Whatever money you choose to deposit into the Super ISA, you have to put the same amount into the Guaranteed Growth Plan (GGP). i.e. if you deposited £15,000 into the Super ISA you would have to deposit another £15,000 into the GGP (=£30,000).

    The Super ISA 8.1% rate only lasts until 01.05.2008 and then falls to just 5.25% (£9K+) or 5.00% (£1-£8,999). Even if you transfer out at this time, your other £15K would still be tied up in the GGP for another 2 years minimum! After it's matured it's likely that you would very little return (if any at all) on your money.
    Please call me 'Kazza'.
    • liamsquire
    • By liamsquire 20th Mar 07, 10:29 AM
    • 37 Posts
    • 7 Thanks
    liamsquire
    Hi guys, great thread.

    I have a small question.

    I have an ISA with A&L which I am looking to move. I think I might transfer it to the Abbey 5.5% ISA. Just out of interest, is it possible for me to transfer my ISA to Abbey and open a new ISA, i.e. NS&I and then deposit new money in there?
  • thumshie
    Hi guys, great thread.

    I have a small question.

    I have an ISA with A&L which I am looking to move. I think I might transfer it to the Abbey 5.5% ISA. Just out of interest, is it possible for me to transfer my ISA to Abbey and open a new ISA, i.e. NS&I and then deposit new money in there?
    Originally posted by liamsquire
    If you have deposited into the A&L Isa this tax year, you can move and open the NS&I after April 6th(New tax year)

    If you havn't deposited into the A&L Isa this tax year, you can move and open the NS&I now and get as much of your £3000 allowance in before April 5th.
    • Cweb
    • By Cweb 20th Mar 07, 10:53 AM
    • 20 Posts
    • 55 Thanks
    Cweb
    On the Barclays sign-up registration it says:

    (open account in 2007 year) and each subsequent year until futher notice.....

    So, I don't lose the allowance for the following year, do I need to tell them I intend on switching after the first year, or simply cease using them, and use another, but if they roll it into the following year, will I still be able to open an account with a different provider?
    • Kazza242
    • By Kazza242 20th Mar 07, 11:14 AM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    On the Barclays sign-up registration it says:

    (open account in 2007 year) and each subsequent year until futher notice.....

    So, I don't lose the allowance for the following year, do I need to tell them I intend on switching after the first year, or simply cease using them, and use another, but if they roll it into the following year, will I still be able to open an account with a different provider?
    Originally posted by Cweb
    No, you don't need to tell them anything. The registration statement you quoted, just means that they allow you to continue depositing money into the Barclays isa every tax year if you wish to. Once April 6th arrives, in any year, you can open and start contributing to an isa with another provider if you wish.
    Please call me 'Kazza'.
  • dreams R free
    I'm totally confused about the Barclays best-buy ISA that Martin recommends!! Any help gratefully accepted.

    My husband went into our local Barclays branch yesterday to open one. We've both had Halifax ISAs for several years (started when they were the best-buy!) but thought the Barclays one would be a good one to start now instead. Neither of us has used up our current year's allowance so we need to be quick.

    The staff member who interviewed him at Barclays said it reverts to 4.5% after the first year. He asked her to double-check as it seemed so improbable but she started tapping away on the computer and said yes, that was correct. Needless to say he didn't bother opening one there and went straight round to the Halifax and paid his £3000 into his existing account.
    Does anyone know about this please?

    2nd question (sorry this is such a long-winded post). If an ISA quotes a rate which includes a bonus, when does it revert to the lower rate? I know it says after the first year but suppose I deposit my £3000 allowance for this year before 5th April will the lower rate start from the beginning of the next financial year (i.e. 6th April) or a full year after I open an account? I realise this is about as clear as mud so please forgive my ramblings. But if I'm only going to get a fortnight at the higher rate it isn't worth the bother of switching from the Halifax to anywhere else.
    Last edited by dreams R free; 20-03-2007 at 11:22 AM.
    • Kazza242
    • By Kazza242 20th Mar 07, 11:57 AM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    Impomdasp - The Barclays advisor is incorrect. The Tax Beater ISA pays 6.50% and this rate includes a 1% bonus for 12 months, payable from the date you open your account. If you opened your account on March 21st 2007 it would pay 6.50% until March 21st 2008 when the 1% bonus would expire.

    After the bonus has expired the rate falls to 5.50%, which is still a good rate. Certainly better than the Halifax ISA Saver Direct which only pays 5.30%.

    I think my answer above covers both of your questions.

    Barclays Tax Beater cash ISA - 6.50%
    Rate guarantee? No. Pays an annual 5.50% + a 1% bonus for 12 months.
    by Kazza
    Last edited by Kazza242; 20-03-2007 at 12:00 PM.
    Please call me 'Kazza'.
  • jeninbrighton
    Impomdasp - I had the same questions you did, so I just phoned my fianc! who is a branch manager at Barclays. (For the record, I never buy anything through him as Barclays is hardly ever the best-buy for anything!!)

    He just confirmed what Kazza said... it's 6.5%, which includes the bonus of 1%. So after 12 months, the rate reverts to 5.5%. At that time, you could just transfer it into whatever the best-buy of next year is (if it's a transferable isa obviously). I've spent my 3k for this year, but he said this deal will last beyond the April 5th cutoff, so I can invest next years allocation with this deal.

    Interestingly though, he said "they" are pretty sure another provider will come along and offer something even better than this rate before the April deadline..... rumours rumours......
    • Careful_ly
    • By Careful_ly 20th Mar 07, 1:24 PM
    • 609 Posts
    • 432 Thanks
    Careful_ly
    Regular saver ISA
    Great thread Kazza

    Don't know if it worth adding a monthly saver ISAs to the thread for those people who dont have a lump sum to hand. Don't know how many are available but Scarborough looks to be good at 6.3%http://www.scarboroughbs.co.uk/savingsandinvestments/products/my_savings.html
    • Kazza242
    • By Kazza242 20th Mar 07, 1:32 PM
    • 1,891 Posts
    • 2,438 Thanks
    Kazza242
    Great thread Kazza

    Don't know if it worth adding a monthly saver ISAs to the thread for those people who dont have a lump sum to hand. Don't know how many are available but Scarborough looks to be good at 6.3%http://www.scarboroughbs.co.uk/savingsandinvestments/products/my_savings.html
    Originally posted by Careful_ly
    Thanks Careful_ly. I was also thinking of adding the monthly saver isas at some point, probably from next week. There are always a lot of regular savings ISA's that launch just before the start of the new tax year. I suppose in the hope that savers will open one for their 07/08 £3K allowance.
    Please call me 'Kazza'.
  • dreams R free
    Thanks very much Kazza and jeninbrighton.

    Exactly what I needed to know. Hubby will be livid as he's already paid his 2006/7 cheque into the Halifax yesterday but I haven't so I'll be off to Barclays tomorrow!
    • jinkssick
    • By jinkssick 20th Mar 07, 3:27 PM
    • 1,227 Posts
    • 902 Thanks
    jinkssick
    can anyone help me, Ive put 1k in a NS&I 5.8% for 06/07. this was since last weeks money tip, but now I want to put it in the Barclays 6.5%.

    NS&I said I can cancel, but then it shouldnt have anything to do with the 07/08 period and Barclays right???
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