The Best Mini Cash ISA Article Discussion Area

masonic

Karren wrote: »

ah so i get monthly interest rather than a lump sum beginning of april ?

You get interest annually, but only for the portion of the year the money is actually there. You'll get your £175 or so interest next year.

racingdemon

Can you only access the A+L 8.1% offer if you are opening a premier account at the same time?

What I mean is, I already have a premier account, and have had for a few months. I would like to take advantage of the 8.1% but it appears you have to be a NEW premier account customer at first glance, is this right? It seems quite unclear on the website.

Thanks

nqsenile

Not a reply just a thought on Martin's sugestion that one buys this year's Mini Cash ISA now - mid April 07. It is likely that the Bank Rate will go up 0.25% in May and this might well effect the rate on mini cash ISAs. Could be worth waiting a couple of weeks.

racingdemon

Yes, good point and something that I will take on board before using this year's allowance, cheers.

Joscar

grenny wrote: »

Barclays?
Noooooooooooooooooooooooooooooo!
I just had real hassle trying to open the TaxBeater ISA with Barclays.
.......................

Has anyone else had similar problems? I wanted to see what kind of feedback this account had from the MSEers, but could only find the one comment above. The lady in the branch told me applications get sent away to the ISA department which is currently swamped with new applications so no one should expect a response for 3 weeks.

ED

Northern Rock (a branch in Southern England) seemed very efficient this week when I opened a Transfer-in ISA (ditto TOISA with old TESSA funds) @ 6.01%. Bad news is nil interest earned anywhere on the £ starting the day the old provider writes and posts the cheque and the third banking day after the new provider banks the cheque. Incidentally, NR confirmed it is perfectly normal for customers with large funds to use CHAPS to transfer-in old ISA or TOISA funds to Northern Rock, but as I suspected it would have had to be separate CHAPS for the ISA and for TOISA, so not financially viable for my £'s.

wertyjmnb

Can anyone explain the 6.3% Tax Free part of Barclays Tax Saver ads. Even if it means Gross then it should still be 6.5 as the interest is paid annually.

masonic

racingdemon wrote: »

Can you only access the A+L 8.1% offer if you are opening a premier account at the same time?

What I mean is, I already have a premier account, and have had for a few months. I would like to take advantage of the 8.1% but it appears you have to be a NEW premier account customer at first glance, is this right? It seems quite unclear on the website.

You need to be a new applicant, and you don't qualify unless you've not held any A&L current accounts in the past 3 months. You could close your account and re-open it in 3 months, but there's no guarantee the ISA will still be paying that rate, or indeed still be around.

masonic

wertyjmnb wrote: »

Can anyone explain the 6.3% Tax Free part of Barclays Tax Saver ads. Even if it means Gross then it should still be 6.5 as the interest is paid annually.

It does mean gross and interest is paid monthly, despite what some parts of their website still say.

echo

I dunno what to do cos the info given on the Barclays site is so confusing.it says the rate is 6.31% tax free but at the end it says


The above rate includes a 12-month introductory bonus of 1% gross payable from the date you open your account with a minimum of £1, after which time the rates will reduce accordingly. The bonus offer and the above rate may be withdrawn at any time without notice.


So what it’s saying is that the rate can change so I might not necessarily get that rate for the whole of the year.right now I’m thinking between barclays and the bradford and bingley Fixed rate ISA(8)