ISA either side of deadline

ThioSux

Can anyone clear this up for me?

I have been putting money elsewhere for a while, but want to start putting it into ISAs as well now.

I opened a Cash ISA last week (AA, fixed for 1 year) for the full amount, and want to do the same.

The AA saver gives a good rate, but drops after 1 year, when I intend to ditch it.

Am I best off adding the same amount in early April or to put it all elsewhere?

Many Thanks
ThioSux

evenasus

Is this the AA Postal Access ISA (Issue 3)?

ThioSux

evenaus, yes it is.

It offers a good rate for 1 year (but then reverts to 0.5%) so I will get that in a years time, but will I also get it for most of the year for next year's allowance (if I put in another ~£5k)?

I think I may be better off starting a different ISA in April.

NOT with Santander, I should add. I'd rather put it under a mattress then give them a penny of my money.

ThioSux

evenasus

You should get the 3.50% for 12 months from opening your ISA.
Then yes, it will revert to 0.50%.

Most if not all easy access accounts with a bonus attached work this way.
You will need to transfer it in 12 months to get a better rate.

There is no reason not to add the 2012/2013 allowance after 6th April - unless you can find a better offer.

Myself, I much prefer to have online accounts - so much easier.