Cash ISAs: The Best Currently Available List

Dustykitten

Can anybody tell me if I open the natwest internet isa and transfer one of my other isa's in can I then add another transfer in a month's time when that one is ready to move?

sly_dog_jonah

Dustykitten wrote: »

Can anybody tell me if I open the natwest internet isa and transfer one of my other isa's in can I then add another transfer in a month's time when that one is ready to move?

The general rule is that unless a product is a fixed rate ISA (which I don't think Natwest do at the moment) then you can transfer in at any time if the product permits transfers in. Natwest Cash ISA and E-ISA currently allow transfers in, but the Cash ISA Plus doesn't. Better to wait until your old ISAs mature to avoid interest penalties.

http://www.natwest.com/personal/savings/g2/isas.ashx

bluebell_lily

Kazza242 wrote: »

The first post of this thread has been updated.

The 1 Year Fixed rate ISAs (for new money only) by Principality and Leeds Building society's have been added. They pay 3.10% and 3.05% respectively. The Standard Life Direct ISA, paying 2.65% has been added to the variable rates section, while the YBS ISA has been removed following it's rate decrease to 2.25%.

The links to the Principality seems to be in the wring place/wrong.

1 Year Fixes:

• Principality BS Fixed Rate ISA (issue 44) - 3.10% :starmod:NEW :starmod:
  Minimum deposit: £3,600.
  Notes: Fixed for one year from account opening

The link leads to the two year fixed.

2 Year Fixes:

• Principality BS Fixed Rate ISA (issue 44) - 3.30%
  Minimum deposit: £500.
  Notes: Fixed for two years from account opening.
  Important: Further deposits not permitted after 4 April 2

There is an error showing on the 2 Yr fix?

Kazza242

bluebell_lily wrote: »

The links to the Principality seems to be in the wring place/wrong.

The Principality links have changed for 2009/10. They are now offering a range of fixed ISAs for 'new money' and also ISAs that accept transfers in. I have changed both links and updated the other info for 2009/10 for these ISAs.

MarkyMarkD

Why should there be any rush of new products at the start of the new tax year?

Bank of England base rate hasn't moved since early March - that's a month ago. Things should have settled down by now.

butterfly72

I'm going to open the Halifax 3% ISA to transfer in previous years.

However, I'm not sure what to do for this year. I have £3,600 in a halifax fixed rate saver which matures next week. Would I better off putting this into this years ISA at 3% or putting in my Halifax Guarenteed saver at 6% until november and hope for some better rates come November? What rate of savings would a basic tax rate payer need to achieve in order to beat a 3% ISA? Same question for high rate payer?

thanks

Dan29

butterfly72 wrote: »

I'm going to open the Halifax 3% ISA to transfer in previous years.

However, I'm not sure what to do for this year. I have £3,600 in a halifax fixed rate saver which matures next week. Would I better off putting this into this years ISA at 3% or putting in my Halifax Guarenteed saver at 6% until november and hope for some better rates come November? What rate of savings would a basic tax rate payer need to achieve in order to beat a 3% ISA? Same question for high rate payer?

thanks

Basic rate: 3/0.8 = 3.75%
Higher rate: 3/0.6 = 5%

So yes, better to put it in Guaranteed Saver until November (assuming the maturing fixed rate is not an ISA).

pete1976

Our local credit union, Castle and Crystal is currently offering 5.25% on its Cash ISA (to people living or working in the Dudley borough)

Are there any disadvantages to putting funds into this kind of institution? As far as I can tell they're covered by the FSCS. The only restricting term on the account I can see is the requirement to give 30 days notice for withdrawals. Oh and the interest rate is variable of course.

Just wondering about the prudence of putting cash into a credit union really.

alared

butterfly72 wrote: »

I'm going to open the Halifax 3% ISA to transfer in previous years.

However, I'm not sure what to do for this year. I have £3,600 in a halifax fixed rate saver which matures next week. Would I better off putting this into this years ISA at 3% or putting in my Halifax Guarenteed saver at 6% until november and hope for some better rates come November? What rate of savings would a basic tax rate payer need to achieve in order to beat a 3% ISA? Same question for high rate payer?

thanks

You would be better putting it in your 6% account `til Nov. then you could always open an ISA when that matures.
Are you allowed to add to your Guaranteed saver?

You would need an account paying at least 3.8% at basic rate tax to clear 3%, and 5% at higher rate.

harz99

Having got the forms to transfer my previous years ISAs into this product I find out that they do not accept transfers in unless you open the account with the current tax years £3600.

As I have just opened another ISA elsewhere, that option is not available to me.

Very dissappointing as apart from Nationwide which is similarly restricted and does not allow transfers in at all, the C&G product is about the only fixed rate ISA that pays a monthly income which is what I was looking for.

Time for further categories (or footnotes), differentiating between those that insist on the account being opened with "current year ISA contributions" and those that simply allow opening via transfer of previous years ISAs from another provider?