ISA's - Wait or What?

Rob_Abank

I know I should have invested my ISA by now but "I haven't got round to it"
Bearing in mind todays news would it be worth waiting to see what the rates do before deciding who to go with? The money is ready to move and is in a cahoot "instant access" savings account at the minute paying 5.28% variable.
Any advice appreciated

Baldur

Personally, I'd grab the best fixed-rate available, as it's pretty obvious that rates are likely to drop considerably.

Rob_Abank

Cheers Baldur
Do I take it that Bradford & Bingley is now totally safe? (or at least as safe as it can be.)

Baldur

FSCS cover up to £50K under the Abbey FSA authorisation.

Rob_Abank

Oops
Sorry for double posting.
Thanks for that

Lokolo

FSCS cover up to £50K under the Abbey FSA authorisation.

lowbrim

Rob_Abank wrote: »

Cheers Baldur
Do I take it that Bradford & Bingley is now totally safe? (or at least as safe as it can be.)

Safe but they have dropped rates already and backdated them from the 2nd November. I see the bonus pot building up again for the directors!!! I bet the mortgage rates will not be cut as quick or be backdated!!

Nationwide have some good offers on at the moment but you will need to be very quick

Baldur

lowbrim wrote: »

Safe but they have dropped rates already and backdated them from the 2nd November.

B&B rates were cut from 2nd November and announced on 1st November, according to https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=177232

If the cuts shown in the above link are those to which you are referring, I suspect that there are more cuts to come as a result of today's BoE rate drop.