Natwest E-Isa or Barclays Golden Isa issue 2

Ems112

Hi,

I currently have a Natwest E-Isa with a balance of around 16K(opened before May 09 so interest rate is 2.97%).

I am looking to subscribe my 2010/2011 Isa allowance, my question is should I put it into my Natwest Isa or am i better off going for the Barclays Golden Isa Issue 2? I want instant access. The only downside to the Barclays Isa is that it includes a bonus of 1% for 12 months so I would obviously have to transfer the balance this time next year to get a competitive rate.

Thanks

pressuredrop_2

Santander/A&L 3.2%?

Ems112

Hmmm, yes had looked at this too although was going to try and keep it simple by going with either my existing Natwest Isa or a new Barclays Isa as i bank with Barclays already. I seem to have so many accounts with different banks and im losing track! Wanted to go with someone i already have an open account with i.e. Natwest, Barclays, Nationwide or Halifax!

Also, other half has applied (online) for a different account with Santander over 2 weeks ago now and still heard nothing further from them regarding the account which is a bit shocking!

DANTESIMONE

I ve got the same situation. I ve decided to place my 10/11 allowance of £5100 into the natwest account simply because the A&L rate is variable , it can go to 2.72% and the barclays will prob go down as well, from previous experiences. The natwest wont go down further then 2.7% according to the lady i spoke to at the bank so for ease and the fact that you would prob lose a wks worth of interest opening the new accounts i ve stuck with natwest.

just my two cents

pressuredrop_2

DANTESIMONE wrote: »

it can go to 2.72%

A&L's website would disagree with you.

Ems112

Yes, I think i am inclined to agree with you Dantesimone....at least if I subscribe my 10/11 allowance to my Natwest Isa it will start to earn interest straightaway..... if my other half's experiences with Santander are anything to go by it could be weeks until i even hear from them let alone have an Isa account that i can actually subscribe to! Like you say as well, Barclays rate will probably go down and the Natwest Isa won't go any lower than 2.7%

flossy_splodge

What about if barclays goes UP?:rotfl:

Spiggle

Or what if A&L's goes up as it is guaranteed at a minimum of 3.2% (2.7% above Bank of England base rate)? If base rates rise as many predict you will get more than 3.2% but never less according to the t&c BUT you can't transfer in to it.