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Why Stick To ISA's
dcoombes_2
Posts: 2 Newbie
Sorry if this has been covered before but I have £38K tied up in Nationwide ISA now paying an average of .75% tax free. Without trying I can get 2.4% net in other accounts so why bother with the ISA's?
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Comments
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1. You can transfer the ISAs to be better paying.
2. ISAs give tax free interest, so if the rates reverse in a year you will be benefiting greatly.0 -
tax free - accumulation of interest/additional allowances will provide a large lump sum over a number of years - there are better ISA rates out there at the moment paying over 3% which you can transfer into- have a look at moneysupermarket.comKeep the Faith:cool:0
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