Cash ISA — Limit Increase 2009/10

glider3560

fullstop wrote: »

Managed to read the article about the ISA did not bother with the rest , noticed they won best Cash ISA Provider 2008/9, they will not win it this year with the 3 year ISA paying 3% the same as the 1 year rate. Think interest rates will have moved upwards within a couple of years making that rate disappointing.

The Moneyfacts ISA award is awarded to the account that pays the most interest, had you deposited a certain amount in them at the start of the tax year (i.e. the most consistent account over that year). At 3.26% since the start of the year, I'm pretty confident they'll win this year (unless they lower the rate considerably or others increase theirs). The award only covers variable rate ISAs - so the fixed rate one doesn't make any difference.

david78

Paul_Herring wrote: »

The URL in post 12 answers this, with a helpful example.

Thanks. This is very useful.

Aside from the example, there's this bit at the bottom which confirms we can top up on or after 6th October: "If an investor who was born on or before 5 April 1960 subscribes up to the higher limits after 6 October 2009 but before their fiftieth birthday and then dies before their birthday, the ISA benefits will not be clawed back".

Now all I need to know is if my cash ISA provider (Nationwide) and/or my stocks and shares ISA provider (Hargreaves Landsdown) will be accepting the extra payments and how to divide the money (about £300!)

Primrose

Kent Reliance are alllowing their ISA savers to top up, so you could always transfer to them.