Barclays ISA new launch 6.5% (merged)

MoneyMiser

Hi All,

I'm looking to set up a savings account with one of these ISA's. Gonna be starting from scratch so don't have a large amount to invest but want to pay a set amount in each month. Any Suggestions??

exel1966

MoneyMiser wrote: »

Hi All,

I'm looking to set up a savings account with one of these ISA's. Gonna be starting from scratch so don't have a large amount to invest but want to pay a set amount in each month. Any Suggestions??

Yes, read the ISA board and in particular this very comprehensive thread :-

http://forums.moneysavingexpert.com/showthread.html?t=401374

I'm sure you'll find the answer you want.

Careful_ly

MoneyMiser wrote: »

Hi All,

I'm looking to set up a savings account with one of these ISA's. Gonna be starting from scratch so don't have a large amount to invest but want to pay a set amount in each month. Any Suggestions??

For a regular monthly ISA saver, take a look at

http://www.scarboroughbs.co.uk/savingsandinvestments/products/my_savings.html

Pays 6.3% currently

MoneyMiser

Thanks a lot guys, really appreciate your help :beer:

Quentin

On the Barclays website it consistently refers to this ISA as having an AER of 6.5%, but a tax free rate of only 6.31%.

In comparisons with other ISAs on the Barclays site, none of their competitors show drops between the AER and the tax free rate.

Can anyone explain what this means?

oldfella

In comparisons with other ISAs on the Barclays site, none of their competitors show drops between the AER and the tax free rate.

---

I rang them up and got a garbled answer - I assume 6.31% is the monthly rate

former_student

Hi

I'm located in Northern Ireland and I currently have a mini cash ISA with around £10,000 in it, the interest paid on this ISA is 5.5% net. Are there any ISA's available with higher interest rates that would allow me to transfer my current ISA into.

Thanks.

liamsquire

former_student wrote: »

Hi

I'm located in Northern Ireland and I currently have a mini cash ISA with around £10,000 in it, the interest paid on this ISA is 5.5% net. Are there any ISA's available with higher interest rates that would allow me to transfer my current ISA into.

Thanks.

Abbey offer a 5.75% Direct ISA for ISA's with £9,000 plus. under £9,000 it's 5.5% but those over get a .25% bonus.

worto03

Just read the weekly email from this site & am looking at changing my ISA to the barclays http://www.barclays.co.uk/isa/

but it says this at the top of the page.

Transfers from an existing ISA, either with us or with another ISA provider, are not allowed.

I fear this may be a stupid question but does that mean I can't transfer my HSBC ISA (just over 6k) into it when I open it? If so why would it be recomended as the one to swap to?

Have I misunderstood the quote (obviously because it's early not because I'm stupid :rolleyes: )

Thanks,
worto.

edit - just read this too

Although you can't transfer funds from an existing ISA into your Tax Beater Cash ISA take a look at the rest of our ISA range to see how you can.

I don't really see the point unless I can move all of it from HSBC even at a really good interest rate whats the point for just 3k I won't make much more than leaving it with HSBC. It doesn't look like it's worth swapping I'll have a look around for a diferent deal I think.

KTF

Correct. No transfers in. The max you can put in is 3K. Read all about it here:

http://forums.moneysavingexpert.com/showthread.html?t=400420

Or look at all the options here:

http://forums.moneysavingexpert.com/showthread.html?t=401374