Where is everyone putting their £5,100 on April 1st?

Mickygg

Even if rates rise, they will have to do some to catch the 5% rate. The bonus here is that after three years, you can withdraw and after the penalties you still get I believe 3.76% overall, and also the fact you are getting 5% now which you cannot get anywhere else.

I have read on here that it is stopping though 30th April.

I would have gone for this but it came out too late for me to consider.

evenasus

Easiest for me was the Barclays Golden ISA 2.
Took two minutes to open one for me and one for hubby.
Just a shame they don't allow transfer of issue 1 into issue 2.
I'll keep an eye on the rate for the issue 1 and move them if they fall any lower.

tara747

evenasus wrote: »

Easiest for me was the Barclays Golden ISA 2.
Took two minutes to open one for me and one for hubby.
Just a shame they don't allow transfer of issue 1 into issue 2.
I'll keep an eye on the rate for the issue 1 and move them if they fall any lower.

What's the interest rate on this ISA?

I'm not sure what to do. My current Halifax 3% rate ends on 4 June, so am torn between transferring to A&L at 2.75% (and possible delays and loss of interest) or staying with HAlifax and transferring (instantly) to their 2.6% ISA on the date my 3% rate ends, with no loss of interest. I've done the sums and the total interest is roughly the same for both. I'm tempted by Halifax TBH.

In the meantime, I've opened a Lloyds Vantage a/c which pays 4% (3.2% gross) on balances between £5k and £7k, so will fund that with the maximum £7k. No idea what new ISA to go for, the Santander at 3.2% is obviously looking very attractive - compared to everything else anyway.

Darn these low interest rates!!!! :mad:

cagneyfan

Hi there,

Has anyone considered:

Saga Fixed Rate ISA - 3.60% AER
Minimum deposit: £30,000+ (to qualify for the higher rate).
Monthly interest option available? Yes. See here for monthly interest rates.
Notes: Fixed for two years from account opening. Balances totalling £1 - £29,999 receive a rate of 3.50%.

I don't know what to do. I have currently got a Lloyds isa from last tax year and don't know where to go now. Any advice?

ka71

With such poor interest rates I'm not bothering with a cash ISA this year, all my allowance has gone into a S&S ISA with L&G.

fatbob10

Im gunna let the dust settle on the Isa market this year. cant be bothered with a 1 year fix cus if you take that out now your gunna have a hell of a time transfering it next year - right in ISA nightmare transfer central.

Mikeyorks

fatb!!!0 wrote: »

cant be bothered with a 1 year fix cus if you take that out now your gunna have a hell of a time transfering it next year - right in ISA nightmare transfer central.

The trick, perhaps, is to take fixes out with a provider who always offers reasonably competitive fixed rates? That way you simply pick up another fix with them ...... and you then go for 4/5 years, once rates are back to 5% / 6% territory.
Which means you never / rarely ever have to transfer? So very different from having a variable rate where you're perpetually looking over your shoulder.

cashbackproblems

QuietDragon wrote: »

Roughly £1000 in each of the following, all set up and sorted out on-line 1am on the 6th. My time-horizon is 24 years 10 months. I didn't even come close to considering a cash ISA.

Aberdeen Emerging Markets A Fund Acc
BlackRock Gold & General A Fund Acc
First State Global Resources A Fund Acc
First State Greater China Growth A Fund Acc
Invesco Perpetual Latin American Fund Acc
Investec Global Energy A Fund Acc
Jupiter India Fund Acc

Invesco Perpetual European High Yield Fund Acc
Investec Emerging Markets Debt A Fund Acc
Old Mutual Global Strategic Bond A Fund Acc

How do you purchase these funds, what is their charge and what are the risks of the fund going down?

At the moment i regularly invest in ftse 100 stocks as the dividends alone pays double what isa's offer and your shares are increasing (if you choose the right companies).

Geoffo_M

cagneyfan wrote: »

Hi there,

Has anyone considered:

Saga Fixed Rate ISA - 3.60% AER
Minimum deposit: £30,000+ (to qualify for the higher rate).
Monthly interest option available? Yes. See here for monthly interest rates.
Notes: Fixed for two years from account opening. Balances totalling £1 - £29,999 receive a rate of 3.50%.

I don't know what to do. I have currently got a Lloyds isa from last tax year and don't know where to go now. Any advice?

This doesn't seem bad at all, especially as it's only a 2 year fix. I have also just moved mine from Lloyds. I've gone for the 4 year fix at Nationwide at 4.25%. Part of the attraction will be not having to think about moving my money every year.

cagneyfan

Hi, sorry to bother everyone again, but has anyone looked into this one and do they think it's a good deal.

I know a lot of folk only wnat to fix for a year, but as another person said previously - there's always delays and hassle moving the isas, so I thought maybe a two year deal might be a good idea. Comments/advice welcome

Saga Fixed Rate ISA - 3.60% AER
Minimum deposit: £30,000+ (to qualify for the higher rate).
Monthly interest option available? Yes. See here for monthly interest rates.
Notes: Fixed for two years from account opening. Balances totalling £1 - £29,999 receive a rate of 3.50%.

I don't know what to do. I have currently got a Lloyds isa from last tax year and don't know where to go now. Any advice?