Cash ISAs vs Fixed Rate Bonds: Which to go with for savings?

bgscotty

Hello,

I'd be grateful for advice.

I currently have 2 ISAs from previous years totalling £7200. I haven't opened an ISA for this year. Ideally, I'd want to transfer in these previous years' amounts in addition to the full allowance for this year.

I also have an additional £6000 I want to save somewhere.

My question is whether Cash ISAs are still a good place to save or should I withdraw the £7200 and save it in another type of account? If not, is it better to save in a fixed rate cash ISA? Any recommendations?

I've heard that fixed rate savings are the best option just now and wonder which ones are recommended? I don't need instant access to the cash for a minimum of 2 years.

Basically, I'm wondering whether to save in an ISA AND a fixed rate savings account, splitting the money between both.

I'd welcome any advice, please.

Thank you.

Trying_to_be_good

ISA benefits last a lifetime whilst the money's kept in the ISA wrapper - I, personally, wouldn't want to lose that for a potentially better rate for a year or two, so would look fir the best two-year ISA fixed rate that allows transfers in, and put the previous years' ISA money and current year's subscription into a single account.

bgscotty

Thank you for the advice.

Where can I research 2 year fixed rate ISAs?

TY