ISA Promotion in 2010???

hitemuprobbo

Hi all, as its now nearing the new Tax year, those with a little ISA on the go will know this is the time of year were banks try to push us away from our existing Saving's Ac's & ISA's and into their lovely new ISA's with promotions galore everywere we look.

I dont know if its the economic climate or what,.... but i cant remember such a slow and quiet build up to "ISA time":rotfl:

If anything im quite down because of it, i know its sad,.... but i quiet enjoy the rush of finding the best ISA going, and this year no-body seems to want us anymore... are we a dying breed or am i just not watching enough TV anymore to see the ads?

Baldur

The best rates are usually available for the last month or two of the tax year and tend to last for a short period into the new tax year.

The offerings are already here, for the most part - A&L/Santander's Flexible ISA @ 3.5%, Barclays Golden ISA 2 @ 3.1% - it's probably just that you haven't realised it as the rates on offer are so low on the current climate.

apt

The best time for ISAs is not necessarily March/April. Last year the best ISA offer by far, the 5% ISA from Newcastle BS, was available late June/July.

Baldur

apt wrote: »

The best time for ISAs is not necessarily March/April. Last year the best ISA offer by far, the 5% ISA from Newcastle BS, was available late June/July.

It was fine if you wanted a 5 year term with 90 day penalty for early withdrawals.

apt

There was/is no penalty to withdraw or transfer from the 5% Newcastle ISA. You just have to give 30 days notice. That as well as the decent fixed rate made it by far the best option.

Baldur

apt wrote: »

You just have to give 30 days notice.

Yes, apologies, my memory is failing as I recalled it as a 90 day penalty, but yours appears to be in a similar state

See http://www.newcastle.co.uk/content/docs/2009-press/29-06-09.pdf

Both the bond and the ISA allow unlimited withdrawals (or transfers out) of funds at 90 days’ notice and without penalty.

apt

As you can see from the discussion here, the notice period for the Newcastle ISA (but not the Bond) was corrected to be 30 days rather than 90. http://forums.moneysavingexpert.com/showthread.html?t=1773525&highlight=newcastle+isa+30+days&page=5

Baldur

apt wrote: »

As you can see from the discussion here, the notice period for the Newcastle ISA (but not the Bond) was corrected to be 30 days rather than 90. http://forums.moneysavingexpert.com/showthread.html?t=1773525&highlight=newcastle+isa+30+days&page=5

Thanks - however, the ISA was still only 'the best' if it suited the needs of the individual saver.

Those with less than £5,000 in Cash ISA funds or who required instant access, etc., would not see it as 'the best'.