Abbey Super ISA

optimist_2

Hi,

What are peoples views on the new Super Isa Introduced by Abbey? They are offering 8% on an Isa, reducing to 5.25% in May of next year. Attached to this is Guaranteed Growth Plan of 9% or 23% over 3 or 5 years. Is this a good return for a stock market product, or would this money be better placed in a standalone stocks and shares item?

Aside from this, are the Newcastle and NS&I products still regarded as the best deals around?

Thanks!

Ian_W

See -
http://forums.moneysavingexpert.com/showthread.html?t=397281

Would you buy the GEB without it being tied to an 8% ISA? If the answers NO - steer clear IMO as you're only likely to get the minimum return over years 2-3 or 2-5.

meanmachine_2

The carrot is the ISA, the stick (imo) is the growth plan.

Never tie yourself to an equity fund where you have no control over when to exit.

Otherwise it's less an investment and more of a lottery.