Isa/investment advice please

Ditto

I've got £*** (just recieved my interest ) in an Abbey mini isa currently paying *% - which is the best bank to transfer this money into, to get the best deal, and do Abbey charge/penalise you for doing this?

I've also got about £*** in Abbey stocks and shares isa and was wondering would it be best to move this somewhere else?

I cannot see myself using this money for the next 5 years, so what is the best way to invest it to get a good return?

Ditto

***BUMP***

Any advice please.

ReportInvestor

What's the name of the Abbey invested fund your mini-Shares ISA is invested in?

You can get 5.2% (including 0.7% bonus until April 2007) from A&L for the Cash ISA monies. This is A&L's internet and telephone account.

I don't think Abbey charge penalties for switching, but the size of your investment would make the switch worth doing even if they did.

Ditto

I think the shares are in UKGrowth?

I'm going to put another £3000 into the EasyISA this week, which will give me 4.70%

Could you please work out for me how much would be the difference between 4.70% and 5.20% on £20,786

ReportInvestor

1% of £20,786 = £208 divided by 2 = £104.

To 1 Feb 2006 the Abbey UK Growth Unit Trust was below average in the UK All Companies sector for all recent periods, although it did at least beat the FTSE index if you've held it for 3 years or more.

1 year - 190/312
3 years - 252/279
5 years - 187/231
10 years - 108/140

So it is worth looking to change.

al_yrpal

If you want an 'invest and forget' type investment go for a top performing worldwide fund of funds - Jupiter Merlin Growth or something like that. It will beat that Abbey thing into the ground.

Make your own choice looking at this lot http://www.trustnet.com/ut/funds/perf.asp?sort=29&ss=0&txtS=&txtSS=&columns=&page=0&booIMA=0&reg=all&sec=fof&ima=all&unit=all&type=all