Cash ISAs: The Best Currently Available List

Kazza242

mistermoneysaver wrote: »

Is the Northern Rock ISA only available to people who have tessa only isas or to everyone ?

No, it is available as a mini cash ISA or as a TESSA Only ISA for transferring existing TESSA Only ISAs. It allows transfers in of existing mini cash ISA savings from other providers as well as transfers in from TESSA Only ISAs.

From the Northern Rock ISA webpage:

Available as a Mini Cash ISA or as a TESSA Only ISA

James21_2

I thought barclays only pay interest once per year, im with natwest 5.25%apr(so slightly less) but interest gets paid every money so in theory im getting more then barclays as im getting paid interest on top of interest so therefore works out more eg...

3000 with barclays for 1yr then at end i get 1 amount of interest worked out on the 3000

whereas natwest pay monthly at lower rate but i am getting 12 payments of interest so each month i would have more in my account from the previous months interest therefore making more money?

Kazza242

James21 wrote: »

I thought barclays only pay interest once per year, im with natwest 5.25%apr(so slightly less) but interest gets paid every money so in theory im getting more then barclays as im getting paid interest on top of interest so therefore works out more eg...

3000 with barclays for 1yr then at end i get 1 amount of interest worked out on the 3000

whereas natwest pay monthly at lower rate but i am getting 12 payments of interest so each month i would have more in my account from the previous months interest therefore making more money?

The Barclays Tax Beater ISA pays interest monthly. From the terms and conditions:

Interest is calculated on the daily statement balance and credited to the account on the first working day of each month.

The best way to compare the interest rates is to look at the AER quoted. The Barclays rate is 6.50%. Compare that to your Natwest ISA to work out which one would generate the most interest.

optimist_2

Can the Barclays ISA only be opened by going into a branch, or are there other ways of doing it?

Thanks

masonic

optimist wrote: »

Can the Barclays ISA only be opened by going into a branch, or are there other ways of doing it?

You have to go into a branch if you are not already a Barclays customer, otherwise you can apply online.

GreatGatsby22

Just a quickie for those interested in the Dunfermline 2-year fixed at 6.0% ISA. The good folk at their branches tell me it will be withdrawn on Thursday as far as they've been told. I'm still swithering lol. April is no good for me nerves.

optimist_2

masonic wrote: »

You have to go into a branch if you are not already a Barclays customer, otherwise you can apply online.

Thanks masonic. I take it there are no charges for transferring out of the Barclays ISA, should I wish to do so?

pavlovs_dog

oooh nice long thread for me to trawl through later!

DemiDee

I'm not sure what to do and somewhat overwhelmed with all this fab information. Could somone tell me, if I want to open an ISA, do I have to do it before April 5th and put in a set amount before then? Also, I've already got premium bonds - does anyone know if it would be quick and easy to transfer to the post office ISA if one already has bonds? All the best to you,
Dee xx

Kazza242

masonic wrote: »

You have to go into a branch if you are not already a Barclays customer, otherwise you can apply online.

You're correct that you have to visit a Barclays branch (with ID) if you're not a Barclays customer. However, existing customers cannot fully apply online, they must complete the online application form, print it out and either take it to a Barclays branch or post it to the freepost address where all applications will be processed.

GreatGatsby22 wrote:

Just a quickie for those interested in the Dunfermline 2-year fixed at 6.0% ISA. The good folk at their branches tell me it will be withdrawn on Thursday as far as they've been told.

Thanks for the info.

DemiDee wrote:

I'm not sure what to do and somewhat overwhelmed with all this fab information. Could somone tell me, if I want to open an ISA, do I have to do it before April 5th and put in a set amount before then? Also, I've already got premium bonds - does anyone know if it would be quick and easy to transfer to the post office ISA if one already has bonds?

If you haven't used your £3,000 cash ISA allowance for 2006/07 then you'll have to use it by April 5th or you lose it forever. I doubt it would be quicker transferring to the post office ISA because you hold premium bonds because they are not both run by the same institution/company. National Savings & Investments operates premium bonds and is separate from the post office - even though you can purchase them via the post office.