IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Top Cash ISAs Discussion Area
Reply
Views: 525,031
Thread Tools Search this Thread Display Modes
Old 13-11-2007, 9:57 PM   #1
Former MSE Dan
Former Web Editor
Serious MoneySaving Fan
 
Former MSE Dan's Avatar
 
Join Date: Dec 2004
Posts: 1,582

This thread is specifically to discuss the the

Top Mini Cash ISAs article

Which includes the new free ISA Savings Calculator tool.


To discuss or ask a question about this article: click reply





Last edited by MSE Researcher; 14-06-2010 at 4:41 PM.
Former MSE Dan is offline   Reply With Quote
The Following 4 Users Say Thank You to Former MSE Dan For This Useful Post: Show me >>
# 2
JohalaReewi
Old 14-11-2007, 11:21 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Aug 2004
Posts: 2,585
Default

A few in this thread...
http://forums.moneysavingexpert.com/...ad.html?t=2480
JohalaReewi is offline
Reply With Quote Report Post
The Following User Says Thank You to JohalaReewi For This Useful Post: Show me >>
# 3
Special_Saver2
Old 18-11-2007, 12:27 AM
Serious MoneySaving Fan
 
Join Date: Jun 2007
Posts: 876
Default

Well, you should definitely check out Kazza's thread here. Between that thread and Martin's article on the main site (both of which are regularly updated), they should provide you with all the info you need.
Special_Saver2 is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to Special_Saver2 For This Useful Post: Show me >>
# 4
COCO
Old 10-12-2007, 9:23 PM
MoneySaving Convert
 
Join Date: Jul 2007
Posts: 35
Default tax beater isa

Sorry if this is the wrong area to ask this question, but do i need to change my ISA provider from Barclays Tax Beater to some other provider?
Mark.:rolleyes:
COCO is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to COCO For This Useful Post: Show me >>
# 5
greengrass
Old 04-01-2008, 8:54 PM
MoneySaving Stalwart
 
Join Date: Sep 2006
Posts: 217
Default

Hi Guys,
Can anybody suggest the best fixed isa, I have 1000 to invest and want to leave it there for at least 5-6 years.
greengrass is offline
Reply With Quote Report Post
The Following User Says Thank You to greengrass For This Useful Post: Show me >>
# 6
KTF
Old 04-01-2008, 9:05 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2004
Posts: 4,036
Default

Quote:
Originally Posted by greengrass View Post
Hi Guys,
Can anybody suggest the best fixed isa, I have 1000 to invest and want to leave it there for at least 5-6 years.
Look here: http://forums.moneysavingexpert.com/....html?t=401374
KTF is online now
Reply With Quote Report Post
# 7
greengrass
Old 04-01-2008, 9:16 PM
MoneySaving Stalwart
 
Join Date: Sep 2006
Posts: 217
Default

thankyou for that, I have just looked and the leeds sounds the best with their 3 year fixed rate, would you suggest a fixed rate or do you think I am better going for variable?
greengrass is offline
Reply With Quote Report Post
# 8
KTF
Old 04-01-2008, 9:22 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2004
Posts: 4,036
Default

Depends what you think interest rates are going to do. Many feel that they have pretty much peaked now and may go down further in future. In that case you may be better off grabbing a fix now. If you feel that rates may rise again then you might be better off with a variable one.
KTF is online now
Reply With Quote Report Post
# 9
greengrass
Old 04-01-2008, 9:26 PM
MoneySaving Stalwart
 
Join Date: Sep 2006
Posts: 217
Default

Thank you for that advice, I will keep looking.
greengrass is offline
Reply With Quote Report Post
The Following User Says Thank You to greengrass For This Useful Post: Show me >>
# 10
macvaio
Old 07-01-2008, 3:30 PM
MoneySaving Newbie
 
Join Date: Apr 2007
Posts: 8
Default

Started a New Thread instead...

Last edited by macvaio; 07-01-2008 at 3:53 PM.
macvaio is offline
Reply With Quote Report Post
# 11
WizardOfAuz
Old 16-01-2008, 6:14 PM
MoneySaving Newbie
 
Join Date: Dec 2007
Location: Leeds
Posts: 4
Smile Transfering ISA's

Hi there,

I just wanted to clarify something which I could never get my head around. So just to clarify you are allowed to have up to 3000 in a mini cash ISA per year. I currently have the maximum amount with ING Direct which has a high interest rate for 6 months which will bring me into the new financial year.

My question is; when you transfer your money - you are not closing your account and thus can transfer from bank to bank throughout the year (presuming no fees) without affecting your yearly limit and ensuring you are getting the best return?

Hope that makes sense!?

Many thanks,

Dave
WizardOfAuz is offline
Reply With Quote Report Post
# 12
Lavendyr
Old 16-01-2008, 8:14 PM
Serious MoneySaving Fan
 
Join Date: Jul 2007
Posts: 1,892
Default

Quote:
Originally Posted by WizardOfAuz View Post
So just to clarify you are allowed to have up to 3000 in a mini cash ISA per year.
Correct, essentially. This rises to 3600 per year from April. However, to be clear, you can have as much money in an ISA as you like - but you can only put in a limited amount each year.

Quote:
Originally Posted by WizardOfAuz View Post
My question is; when you transfer your money - you are not closing your account and thus can transfer from bank to bank throughout the year (presuming no fees) without affecting your yearly limit and ensuring you are getting the best return?
Correct, though some ISA managers may penalise you for doing so (e.g. 30 days interest). Just don't outright withdraw it - make sure you follow correct procedure and transfer the funds. Also, not all ISAs permit transfers in, so check that first.

By the way, forum signatures should not include links as per the Forum rules so I'd suggest you change it. Welcome
Lavendyr is offline
Reply With Quote Report Post
The Following 3 Users Say Thank You to Lavendyr For This Useful Post: Show me >>
# 13
WizardOfAuz
Old 17-01-2008, 1:22 AM
MoneySaving Newbie
 
Join Date: Dec 2007
Location: Leeds
Posts: 4
Default Thanks

Thanks for that clarification Lavendyr - also thanks for the heads up re Signature all changed now.

Great to hear that the allowance is increasing next year!

Thanks again for the help and see you around!

Dave
WizardOfAuz is offline
Reply With Quote Report Post
# 14
SHAKEY
Old 18-01-2008, 4:05 PM
MoneySaving Newbie
 
Join Date: Jan 2008
Posts: 2
Default

Sorry to post slightly out of line with this thread - just wondered i9f anyine can answer quick couple of Q's?
The new top ISA, Ice, - I'm looking to open an ISA but havn't quite grasped it yet! can i deposit 3k in there and keep adding to it in the year or is it a fixed 3k?
Also, is my money safe!?

Really appreciate any help

Cheers,
Shakey
SHAKEY is offline
Reply With Quote Report Post
# 15
KTF
Old 18-01-2008, 4:09 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2004
Posts: 4,036
Default

You can put up to 3k in 1 cash ISA per tax year*. This can be 3k in one lump sum or smaller amounts up to 3k total.

Your money will be as safe as any other bank.

* 3600 from April 2008.
KTF is online now
Reply With Quote Report Post
# 16
sunnyflower
Old 19-01-2008, 11:17 AM
MoneySaving Stalwart
 
Join Date: Mar 2007
Posts: 221
Question

A question from me now!We have got a bond that matures soon, be about 3500.Then I have a savings plan that finishes in April, be about the same.We really don't want to touch it.Am I right in thinking that you are only allowed one ISA each?So would it be best to put the surplus in an ordinary savings account?
sunnyflower is offline
Reply With Quote Report Post
# 17
KTF
Old 19-01-2008, 11:21 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2004
Posts: 4,036
Default

Yes you can only have 1 ISA per individual for each tax year so use your full allowance then put the remainder in a savings account.

You mentioned 'we' so you could open an ISA in your name and your partner could do the same so the bond could go in one and the savings plan in the other.
KTF is online now
Reply With Quote Report Post
# 18
sunnyflower
Old 20-01-2008, 12:40 PM
MoneySaving Stalwart
 
Join Date: Mar 2007
Posts: 221
Default

Quote:
Originally Posted by KTF View Post
Yes you can only have 1 ISA per individual for each tax year so use your full allowance then put the remainder in a savings account.

You mentioned 'we' so you could open an ISA in your name and your partner could do the same so the bond could go in one and the savings plan in the other.
My thanks button doesn't appear to be working, so thanks!!!!!!!
sunnyflower is offline
Reply With Quote Report Post
# 19
acrobat
Old 21-01-2008, 12:28 PM
MoneySaving Newbie
 
Join Date: Sep 2007
Posts: 5
Default

apologies if question stupid

took out our first cash isa using the 3k limit but didnt take it out till may 07. going to take out another one before april 6th so as the first one in my name will do the second in hubby's... think this is right thing to do?
just wondered though, how does the interest get paid? i understand its yearly but is that to april or the month you took out the isa. also can the interest stay in the isa or not??
hope this makes sense, and thanks in advance :confused:
acrobat is offline
Reply With Quote Report Post
# 20
Takeem
Old 25-01-2008, 4:27 PM
MoneySaving Newbie
 
Join Date: Jan 2008
Posts: 4
Default Really confused on ISA limit and ISA calculator

Hi,

I basically have 5000 that I want to put in some sort of interest account. From what I understand I can only put 3000 into an ISA, is this correct. So, when I used the ISA calculator I put in 3000.00 for the amount i already have and then it asks how much you are going to be able to save a month, I just put 0. and then for the interest rate I put 6.1% (icesave). This comes out at 3183.00 meaning I make 183.00 on my 3000 for 1 year . Thats great, but then I decided that I can save 50.00 a month from my wages and I put that in the box I had origonally put 0 and it came out at 3802.65, thats fantastic i thought but if I have reached my 3000 surely thats my limit? Also is there a faster way to make my money grow

Some help please, whats best for me to do. Roulett all on red prehaps :confused:
Takeem is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to Takeem For This Useful Post: Show me >>
Reply

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 7:49 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 16 April 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile
  • RT @MoneySavingExp: Weekly email:Free breaking bad, top shares ISA, HOT bband deal ending, 2.5% cash ISA, Tesco wine sale, £10 champers.. h?
  • RT @MoneySavingExp: Ovivo closure: MSE?s reported the mobile firm to authorities. If you?ve been affected, here?s how you can complain http?
  • Right switching off Twitter now. Going back offline. Thanks to those of both sides tweets for making it a more enjoyable watch.

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • VARIOUS ARTISTSNOW THAT'S WHAT I CALL MUSIC! 87
  • THE VAMPSMEET THE VAMPS (DELUXE VERSION)
  • VARIOUS ARTISTSFROZEN (ORIGINAL MOTION PICTURE SOUNDTRACK)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.