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  • FIRST POST
    • MSE Helen Saxon
    • By MSE Helen Saxon 7th Apr 15, 10:23 AM
    • 75Posts
    • 42Thanks
    MSE Helen Saxon
    Top Cash ISAs 2015/16
    • #1
    • 7th Apr 15, 10:23 AM
    Top Cash ISAs 2015/16 7th Apr 15 at 10:23 AM
    Hi!

    This is the discussion thread for the



    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.


    Thanks folks,
Page 4
    • UKDeejay
    • By UKDeejay 27th Jun 17, 3:17 PM
    • 1 Posts
    • 0 Thanks
    UKDeejay
    Top ISAs 2017-18...
    The above article mentions that many bank current accounts now offer interest rates on balances far above the best cash ISA rates.
    However, these bank accounts usually require that you pay a monthly fee - typically £10.00 - which would almost cancel out any interest you would receive on, say, a current account balance of £1000.00.
    After all, who has large sums of money 'sloshing around' in their current account???
    • eskbanker
    • By eskbanker 27th Jun 17, 3:27 PM
    • 5,818 Posts
    • 5,711 Thanks
    eskbanker
    The above article mentions that many bank current accounts now offer interest rates on balances far above the best cash ISA rates.
    However, these bank accounts usually require that you pay a monthly fee - typically £10.00
    Originally posted by UKDeejay
    No they don't, you must be looking in the wrong place - try http://www.moneysavingexpert.com/banking/compare-best-bank-accounts#interest

    After all, who has large sums of money 'sloshing around' in their current account???
    Originally posted by UKDeejay
    Anyone who wants to earn better interest than they'd get putting it in a <1% traditional savings account or cash ISA.

    And there's no need to refer to 'their current account' as if it needs to be singular....
    • Nohopeharry
    • By Nohopeharry 29th Jun 17, 2:16 AM
    • 15 Posts
    • 2 Thanks
    Nohopeharry
    Who has large amounts in their current account? Me unfortunately, in a HSBC one earning no interest at all. Thankfully, I've learned, and now have a few other current accounts with attached regular savers Im hoping to put some into an investment soon, but it's like a minefield lol
    • badger09
    • By badger09 29th Jun 17, 1:15 PM
    • 5,434 Posts
    • 4,681 Thanks
    badger09

    After all, who has large sums of money 'sloshing around' in their current account???
    Originally posted by UKDeejay
    Me and many other posters on here.

    Apart from Regular saver accounts, my current accounts have the highest intest rates. Where else do you suggest keeping cash savings?
    • MatthewAinsworth
    • By MatthewAinsworth 29th Jun 17, 1:35 PM
    • 2,866 Posts
    • 1,141 Thanks
    MatthewAinsworth
    Are cash ISAs genuinely safer than UK gilts? Seen as both are bugggered if the gov goes bust
    • jimjames
    • By jimjames 29th Jun 17, 1:37 PM
    • 12,194 Posts
    • 10,711 Thanks
    jimjames
    Who has large amounts in their current account?
    Originally posted by Nohopeharry
    All my cash savings are in my current accounts! All earning on average just over 4%
    Remember the saying: if it looks too good to be true it almost certainly is.
    • Mobeer
    • By Mobeer 15th Sep 17, 5:12 PM
    • 1,710 Posts
    • 4,392 Thanks
    Mobeer
    I know I can only open 2 ISAs in a tax year (I cash and 1 investment) but can I end up with loads of ISAs over a number of tax years or do I always have to move my money to keep it in just the two ISAs? I read somewhere recently that you could only own 2 and now I am confused!!
    Originally posted by LTRT325
    Some though not all ISAs allow contributions made in previous years into other ISAs to be transferred in. Your current ISA providers should be able to advise which of the accounts you have allow transfers in.

    Note that you need to go through particular steps to transfer the money; do not withdraw it otherwise you will not be able to pay it back into this years accounts (beyond this year's limits). Again your current providers should be able to advise on this.

    If you do transfer old ISAs into new accounts I recommend getting the bank staff to do the transfer for you. I previously had problems with transferring funds (done by bank staff as a payment not a transfer) and since it was the bank's fault they could fix the transfer; if I had made the same mistake there would be no come back.
    • G_M
    • By G_M 30th Sep 17, 6:07 AM
    • 41,985 Posts
    • 48,599 Thanks
    G_M
    Are cash ISAs genuinely safer than UK gilts? SeenSeeing? as both are bugggered if the gov goes bust
    Originally posted by MatthewAinsworth
    If the gov goes bust we're all bugggered in more ways than one. And the only safe place to have assets would be abroad (Euros, Dollars, property in Swizzerland etc).

    But more relevant would be to consider which is safer if the gov does not go bust (a more likely scenario).

    Brexit for example, may or may not turn out to be a good thing, but is highly unlikely to bankrupt the country. But it IS much more likely to hit gilts than cash savings (whether ISAs or not).

    As would the election of JC as PM.
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