Opening an ISA

Bazlovejoy

I am ready to open an ISA but just have a few questions. Im going to put the full £3600 in but may need to withdraw some of this during the year (my money is currently in a graduate account earning no money. I have gone through the guides on this site and Icesaves Easy Access ISA at 6.1% seems the best option, am I correct?

Thanks,

Baz

ray123

For a cash ISA it is an excellent rate and will allow you instant access.

I would go for that...

Aegis

I think HSBC and Barclays currently offer 6.25% instant access ISAs for new money. Slightly better than Icesave, though Icesave has the advantage of being able to transfer in existing ISAs.

Bazlovejoy

Can you explain what you mean by 'advantage of being able to transfer in existing ISAs'? Does that mean if i have ISAs elsewhere i can put them all into this one?

Thanks

Aegis

Bazlovejoy wrote: »

Can you explain what you mean by 'advantage of being able to transfer in existing ISAs'? Does that mean if i have ISAs elsewhere i can put them all into this one?

Thanks

That's pretty much it, yes. Some banks allow you to transfer previous year ISAs into their products, others don't.

Bazlovejoy

I think the Icesaves Easy Access ias the best one for me then.

Thanks