Which Mini cash isa

should_save_money_newbie

Hi!

Can I grab some advise... I want to invest £1000 in a mini-cash isa before i spend it!

Can't decide on Bradford and Bingley against the Halifax. They both offer 5%, does anyone feel that one is better than the other?

I was going to go with B&B because of their internet only option, but I walk past a Halifax every day so I'm being lazy if thats my only deciding factor!

Any advise would be brilliant, cheers for this site - Its helping me sort myself out at last! :j

YorkshireBoy

The Halifax ISA Direct (the one paying 5%) cannot be managed at branch, as it's a telephone/internet based account.

should_save_money_newbie

Cheers, saves me from making a fool out of myself after work! Sooo... should I flip a coin?

Bradford vs Halifax!

should_save_money_newbie

is that the Halifax ISA Saver Direct?

al_yrpal

Heres an alternative - small BS, more personal service and a more consistent high interest rate than B&B and Halifax https://www.krbs.co.uk - at present 4.96% with internet statements, which is £1.20 pa on a sum of £3,000. It probably means you won't always be having to move your ISA around for the best rate.

al_yrpal

Yup, you are £1.20 better off per £3,000 saved using B&B and Halifax. Enjoy it because if you look at their track record it won't last. Kelda Group or HBOS shareholders will see to that.

jyonda

How about the Alliance and Leicester Direct ISA at 5.2% till April 2007? You also get 50 quid if you switch your current account to them and 50 quid each time you 'recommend a friend' and they switch too. Plus, when you open a current account you can open a Premier regular saver account which pays a whopping 10% but is limited to regular monthly deposits of between 10 and 250 per month and only pays the interest on the anniversary of the first payment.

Mr_Mumble

jyonda wrote:

How about the Alliance and Leicester Direct ISA at 5.2% till April 2007?

The 5.2% is not guaranteed till April 2007, only the 0.7% 'bonus' is.

should_save_money_newbie

anyone reckon they will sneak up any higher with the %? Is it worth waiting untill march before i jump in?

RichyRich

al_yrpal wrote:

Yup, you are £1.20 better off per £3,000 saved using B&B and Halifax. Enjoy it because if you look at their track record it won't last. Kelda Group or HBOS shareholders will see to that.

What does Kelda Group have to do with anything?

I'm moving my Abbey ISA to A&L for 5.20% against Abbey's (Issue 1) rate of 4.90%. £15 a year is £15 a year