Cash ISAs: The Best Currently Available List

Baldur

Freedom33 wrote: »

Sorry if i'm coming across as green, have just transfered bulk of my money from e saving account to everyday account with first direct, and now im wondering should i also set up an ISA. Thing is first direct do two different ones, a regular saving isa paying 7% or another one paying 3.10%. Whats the difference, i dont understand. and what happens at the end of the year are you allowed access to ALL of you money with no penaltys. Thank you in advance for any advice.

The regular savings ISA pays 7% AER but limits the monthly amount which you are permitted to subscribe (probably to £300 per month without checking), so you can only earn the full 7% AER on the first month's subscription.

The other ISA would pay you 3.10% AER on the full £3,600 - assuming that you subscribed that amount on opening the account.

You can certainly access all of your money at the end of the tax year, assuming that there is nothing to the contrary in the Terms & Conditions of the account - but the main idea behind Cash ISAs is to build up tax-free savings over several years.

PauliPauli

.... HSBC eISA now accepting transfers in

bryanb

PauliPauli wrote: »

.... HSBC eISA now accepting transfers in

Only the cash ISA appears to say this on website. Cash e-ISA doesn't mention, in fact it specifies "new money" Do you have other info?

PauliPauli

yes its confirmed... most departments have not been updated yet

told i have to go into branch to transfer in my icesave monies

john-306

PauliPauli wrote: »

.... HSBC eISA now accepting transfers in

But it's only 2.25% is it not?

owitemisermusa

Kazza,

You don't seem to regard the First Direct e-ISA as an out-and-out FRISA accepting transfers in, why?

AFAIU, it's a FRISA accepting transfers in with no penalties for withdrawal. Have I missed something?

The_Enforcer

owitemisermusa wrote: »

Kazza,

You don't seem to regard the First Direct e-ISA as an out-and-out FRISA accepting transfers in, why?

AFAIU, it's a FRISA accepting transfers in with no penalties for withdrawal. Have I missed something?

My question was that surely the fixed rate for a year IS a guarantee? Therefore the second line should read:

"Rate guarantee? Yes. Gross Rate guaranteed to be fixed at 3.06% Until 30/04/2010 and then reverts to 0.50% AER variable thereafter. Rate effective from: 02/03/2009."

PauliPauli

john-306 wrote: »

But it's only 2.25% is it not?

For now I'm just looking for a quick place to transfer my Icesave monies in before the deadline,

I already have eISA with HSBC so allows me to consolidate ISA monies, also after Icesave, feel "comfortable" leaving any monies, I can't take immediately out, with HSBC

Also in this climate 2.25% is average really when there are < 1% Cash ISA accounts out there, will look to see where Natwest are going 8 weeks from now, they are very hit and miss at the moment with regard to ISA trasnfers

carpy

anyone else transferring out of Ruffler like me?

been with them for a few years now as their rates have been one of the best for previous years money, however with all these base rates cuts their rate has fallen from 6%+ right down to 2.8%AER.

although this is still ok i'm going to move mine to a Natwest e-Isa @3.51%AER.

worth it i reckon for an extra 0.71% with no more base rate cuts likely (well it can't get much lower can it LOL:eek: )

bockster

do we know if money is safe in bank of cyprus uk, ie the uk financial compensation thingy. if so so, sounds like a winner for me.
also do people think a transfer from ns&i will successfully happen before 30th of april?

thanks in advance