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Im a bit confused with my savings can anyone help

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Ive got my last years Isa with Barclays
6k in a fixed rate account with them at 6% tied in till June then the intrest will fall to pennies
Ive also got this years ISA allowence to use still
Would I be better to wait till June take the 6k out plus lasy years ISA and this years ISA money and put it all inot one fixed rate that id be happy to leave there for 12 months or shall I have another ISA for this year
I dont need the money short terms and am happy to invest in for a year at a time.
Mad Mum to 3 wonderful children, 2 foster kittens and 2 big fat cats that never made it to a new home!
Aiming to loose 56 pounds this year. Total to date 44.5 pounds 12.5 to go. Slimming World Rocks!

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  • Baldur
    Baldur Posts: 6,565 Forumite
    Ive got my last years Isa with Barclays
    6k in a fixed rate account with them at 6% tied in till June then the intrest will fall to pennies
    Ive also got this years ISA allowence to use still
    Would I be better to wait till June take the 6k out plus lasy years ISA and this years ISA money and put it all inot one fixed rate that id be happy to leave there for 12 months or shall I have another ISA for this year
    I dont need the money short terms and am happy to invest in for a year at a time.
    If you don't use your 2008/09 ISA allowance by the 5th April, you lose it - you would only be able to deposit your 2009/10 allowance of £3,600 into a Cash ISA from 6th April onwards.

    Who knows what rates are likely to be offered in June?
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