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

avalanche_3

If you want this Marks and Spencer ISA move quick because they have posted a notice on their site that this issue will finish on April 6th.

I think the rate may drop when a new issue comes out.

freddysmith

will they get better next month?

I say No having read this forum recently

cyclonebri1

cyclonebri1 wrote: »

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

3 year option by my prospective new provider removed yesterday, will it reappear up or down? I don't need to guess :(

Geoffo_M

apt wrote: »

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.

Nationwide 4.4% 3 year deal pulled last night. Replaced by 4.25% 4 year deal

ultrawomble

sheslookinhot wrote: »

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.

The M&S one only seems to make sense if you have about £7000 or more.

For example, if you put £3600 in the M&S 3 year 4% and break after 12 months you'll get back about £3644, whereas if you put £3600 into a Clydesdale 5 year 5% and break after 12 months you'll get back about £3692.

However, if you put £7000 in the M&S 3 year 4% and break after 12 months you'll get back about £7180, whereas if you put £3600 into a Clydesdale 5 year 5% and break after 12 months you'll get back about £7179.

More than £7000 and the M&S ISA is going to be the cheapest to get out of.

MiserlyMartin

I wouldn't even tie the money up for a year. The base rate has got to go up.