ISA rates are poor - will they get better next month?

MiserlyMartin

After the new tax year starts, do you think a load of better deals will surface for new and existing ISA money?

dreamypuma

MiserlyMartin wrote: »

After the new tax year starts, do you think a load of better deals will surface for new and existing ISA money?

I doubt it. Normally the rate wars have already begun by this stage. Trying to find a decent account for my new money at the moment. This years ISA's are just woeful. So bad that I am actually considering Barclays Golden.

beardiedog

Santander/A&L's flexible ISA at 3.5% is good but would be even better if you could transfer in previous years.

Aldermore's 2010/11 ISAs are being launched on 1st April so it may be worth waiting to see what they come up with.

I may go for a fixed 2 years this time for my 'old money' as I can't really see the rates moving much for a while.

LeeSouthEast

I said "stuff it" and did a Barclays Golden as well.

dreamypuma

beardiedog wrote: »

Santander/A&L's flexible ISA at 3.5% is good but would be even better if you could transfer in previous years.

These aren't too good if you have used all your current allowance and have next years on standby. I'm not normally a betting man, but I'd put money on these vanishing on April 6th.

Their reputation is worrying too. I have flashbacks of Barclays 07 and 08

welshmoneylover

Principality Building society are offering 4.5% and allowing transfers in. The sting in the tail is that you have to tie your money up for 5 years.

Thoughts on this one folks?

apt

Re the Principality 4.5% fix - Leeds 4.6% and Yorkshire Bank/Clydesdale 5% offer better rates and conditions. Nationwide 4.4% offers almost the same rate but only lasting 3 years. All three are better options in my opinion.

funkyhitman

dreamypuma wrote: »

These aren't too good if you have used all your current allowance and have next years on standby. I'm not normally a betting man, but I'd put money on these vanishing on April 6th.

Their reputation is worrying too. I have flashbacks of Barclays 07 and 08

I'd put money on them sticking around. A wee birdy told me they're going to be available for the new tax year. Of course, they could be wrong (but you'd hope not considering they work for Santander!).

cyclonebri1

3 year term for me too this time, can't see any other ISA option being cost effective

dreamypuma

funkyhitman wrote: »

I'd put money on them sticking around. A wee birdy told me they're going to be available for the new tax year. Of course, they could be wrong (but you'd hope not considering they work for Santander!).

I hope your friends right. Worth avoiding any knee-jerk reactions until April then.

Out of curiosity, which is the sh!ttyest bank Santander or Barclays? Are the just are carp as each other?

It's always the pond life banks each year isn't it?

sheslookinhot

welshmoneylover wrote: »

Principality Building society are offering 4.5% and allowing transfers in. The sting in the tail is that you have to tie your money up for 5 years.

Thoughts on this one folks?

I think its too long to tie up money. Another one worth thinking about is M&S at 4% for 3 years, much better in my opinion as you can withdraw/transfer for a £100 flat fee, not lose 6 months interest.