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

derrick

cagneyfan wrote: »

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?

You posted this yesterday at 3.53
And is posted in the quote above the one you just posted!

OneADay

cagneyfan wrote: »

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?

You missed the boat with M&S 3 year ISA paying 4% AER with max of £100 penalty for early withdrawal.

The Saga offering might be ok if you want have large enough amount to get 3.90% but the penalty for withdrawal is harsh.

Would probably suggest stick it into 3.2% ISA with A&L (thats guaranteed to be 2.7% I think above base rate).

Also see this board http://forums.moneysavingexpert.com/forumdisplay.html?f=18

cagneyfan

derrick wrote: »

You posted this yesterday at 3.53
And is posted in the quote above the one you just posted!

SORRY!!! SHOOT ME! I didn't see a reply to yesterdays post and I just wanted some 'friendly' advice and help. Thanks to those that gave it rather than spending time pointing out that I posted it yesterday. Sorry, I'm in a bad mood trying to get an email contact address from a banking website and can't get passed all the bumpf!!

Primrose

With current interest rates, I've gone off cash ISAs. I think this new tax year's full allowance will be going into equities, probably funds with most of their investments overseas in view of the uncertain political/economic situation here in the UK. I fancy Newton Global Income and M & G Global Basics but am taking my time.

Newly_retired

I'm really struggling now to find a good home for my ISA. My Lloyds TSB FRISA is maturing, but am reluctant to fix for 2 years at this point in time.
ALso as it is by now a large sum, I also need to find a new home to keep well clear of the £50K protected limit so it may mean moving other savings around as well. Time to look at one of the smaller building societies?

zzzLazyDaisy

I am in a similar position - I moved all my bits of ISAs to the LTSB FRISA two years ago. I was one of the lucky ones who got a good interest rate this year, but that's about to end so I am on the look out for a new home - I already have other savings with LTSB so want to move it anyway.

But I think I am going to take out the Manchester BS regular saver ISA this year - 4%, and no end date, so over time it will roll up and accumulate. Also you can make one withdrawal each year without penalties. Minimum £100 a month. So over time I will build up a new separate pot, which means I'm not so concerned about locking up my LTSB pot for a while. Not so sure about 5 years though, unless the penalties for early withdrawal are reasonable (I don't plan to withdraw but I don't have a crystal ball either!)

Happychappy

I went with the maturing ISA rate with Nationwide at 4.4% fixed for three years, just waiting to see what !!!! up Nationwide make as the 2008 ISA took from 9th April to 12th August for them to sort, but got it backdated eventually

MsDee

Happychappy wrote: »

I went with the maturing ISA rate with Nationwide at 4.4% fixed for three years, just waiting to see what !!!! up Nationwide make as the 2008 ISA took from 9th April to 12th August for them to sort, but got it backdated eventually

I might go with this one actually. Is it 4.4 EACH year or 4.4 in total, because I calculate that if I put my £5,100 in for three years, I'll get over £600 in interest - is that roughly correct?

cashbackproblems

MsDee wrote: »

I might go with this one actually. Is it 4.4 EACH year or 4.4 in total, because I calculate that if I put my £5,100 in for three years, I'll get over £600 in interest - is that roughly correct?

obviously its per annum :wall:

MsDee

cashbackproblems wrote: »

obviously its per annum :wall:

I'll take that as obviously its per annum then...