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ISA - Rates in New Tax Year

hi,

with rates currently so poor (top isas paying around 3.2-3.3% typically) how likely is it (taking into account trends in previous years) that when the next tax year comes around the rates available will be higher to attract new savers....

i've seen that rates have been creeping up recently.....just was curious to see what people thought and how likely this will be.

cheers.

Comments

  • Baldur
    Baldur Posts: 6,565 Forumite
    From my own observations, rates usually tend to increase at the end of each tax year, to attract any funds which have not been allocated to the current tax year's ISA products - they then tend to be withdrawn fairly soon into the new tax year, as they tend to become oversubscribed.
  • RB2008_2
    RB2008_2 Posts: 13 Forumite
    thanks! does anyone think that current isa rates are likely to get any better in the short term then? pie in the sky question I accept that.....
  • withnell
    withnell Posts: 1,629 Forumite
    Well Barclays are offering 3.6, and Natwest 3.5 to new money at the moment - which suggests rates are on the up
  • cocktail
    cocktail Posts: 377 Forumite
    hopefully a few more better rates should arrive in the next few weeks. trick is to pounce on them before they are withdrawn.
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