How to find a regular saver ISA?

Jevvers

I keep looking at the best ISAs but many of them seem to be for a lump sum investment. I haven't got a lump sum at the moment so I'm looking for one where I can invest every month. How do I find one of those?

Thanks in advance for your help as I'm sure I'm being a bit dim here...

RichyRich

Any instant access ISA will allow you to make regular contributions.

Mikeyorks

Any instant access ISA allows you to contribute whenever. But there are a couple of dedicated Regular Saver ISAs listed right at the bottom of post #1 on this thread :

https://forums.moneysavingexpert.com/discussion/401374

MoneySaverLog

Probably wont be of any use to the OP but you don't have to go "Instant Access" the Lloyds fixed rate ISA for 2 years allow additional regular monthly contributions at the fixed rate which is unusual.

If you have previous years ISAs you could transfer in 10K to get 3.7% It pays 3.4% for balances over 3K though, but is tiered so when the balance hits 10K you get the 3.7%

xylophone

http://www.ybs.co.uk/savings/taxfree/fixed-rate-isa-18mth.html
might suit.

Lansdowne

xylophone wrote: »

http://www.ybs.co.uk/savings/taxfree/fixed-rate-isa-18mth.html
might suit.

No it won't:

You can only make current ISA deposits and previous ISA transfers into this account whilst the product is available to new investors. Once this product has been withdrawn from sale, any additional deposits will be returned to you.

† Deposits for the 2011-2012 tax year's unused ISA allowance, and internal transfers from other Yorkshire Building Society accounts, are permitted until the Fixed Rate ISA is withdrawn from sale. From 6 April 2012 to 5 April 2013, you may add your 2012-2013 ISA allowance of £5,640 only. No additional transfers will be accepted.

xylophone

Lansdowne wrote: »

No it won't:

You can only make current ISA deposits and previous ISA transfers into this account whilst the product is available to new investors. Once this product has been withdrawn from sale, any additional deposits will be returned to you.

† Deposits for the 2011-2012 tax year's unused ISA allowance, and internal transfers from other Yorkshire Building Society accounts, are permitted until the Fixed Rate ISA is withdrawn from sale. From 6 April 2012 to 5 April 2013, you may add your 2012-2013 ISA allowance of £5,640 only. No additional transfers will be accepted.

http://www.ybs.co.uk/savings/taxfree/fixed-rate-isa-18mth.html
Minimum investment of £100 up to your maximum 2011/2012 Cash ISA allowance of £5,340
Between 6 April 2012 and 5 April 2013 you can add an extra £5,640 - your 2012/2013 ISA allowance
External ISA transfers in† from other providers are permitted until 30 days after the Fixed Rate ISA has been withdrawn from sale. Any deposits received after these timescales will be returned to you. Please check with your existing ISA provider for any charges applicable on transfer.
Withdrawals are not permitted
Early closure is only permitted subject to equivalent to 120 days' loss of interest, early closure other than transfers to another ISA would mean loss of tax free status

jimjames

When you say "invest" every month do you mean a Cash ISA or share ISA.

Monthly savings are good with Hargreaves Lansdown and start from £50 pm

adindas

Jevvers wrote: »

I keep looking at the best ISAs but many of them seem to be for a lump sum investment. I haven't got a lump sum at the moment so I'm looking for one where I can invest every month. How do I find one of those?

Thanks in advance for your help as I'm sure I'm being a bit dim here...

Refer to this link Kazza242 has done a great job to update this information

https://forums.moneysavingexpert.com/discussion/401374

There are two of recommended best buy

• Regular Savings Cash ISAs:
• Buckinghamshire BS (Chiltern Gold Nuggets) Regular Saver Cash ISA - 3.50%
  Minimum operating deposit: £500* (to qualify for the higher rate). Min - Max monthly deposit: £1 - £445. Operated via: Branch or Post.
  Notes: Transfers in not accepted. One penalty free withdrawal permitted per tax year. Regular monthly payments of the same amount are required. *You can make an initial opening deposit of £10 - £445, however a rate of 3.00% is paid on balances totalling £10 - £499.
• Skipton BS Regular Saver Cash ISA - 3.25%
  Minimum operating deposit: £1. Min - Max monthly deposit: £1 - £445. Operated via: Branch or Telephone.
  Notes: Transfers in not accepted. No withdrawals permitted and 12 payments required.
  Important: ISA matures after 12 months and the total balance is transferred to an easy access Skipton Cash ISA.

Jevvers

Thanks everyone, yes I had been looking at Kazza242's post before but I hadn't got right down to the bottom.

And JimJames thanks for the idea but I do mean cash ISA, I already have a S&S ISA.

Jevvers

Xylophone that does look like the kind of thing I'm looking for - thanks very much!