Cash ISAs: The Best Currently Available List

Baldur

Lokolo wrote: »

Yes you can as long as you haven't deposited money into the Halifax one since April 6th. If you have then that is your ISA for this tax year.

You can also transfer the Halifax Cash ISA to a different provider (that accepts ISA transfers) if the rate of interest is no longer competitive.

rb10

Baldur wrote: »

You can also transfer the Halifax Cash ISA to a different provider (that accepts ISA transfers) if the rate of interest is no longer competitive.

Or instantly to the Halifax ISA Direct Reward (3% fixed for a year, four withdrawals).

This saves the time and hassle of transferring elsewhere (to transfer to this one takes about five seconds on the phone or in a branch).

SuperOwl86

Hi guys just wondering if you think i should fix my rate for the year at 3% with halifax or look at something else, I have £14k in a hsbc isa at mo with £1k of that being put into it with this years allowance.

Any help would be great people.

Baldur

SuperOwl86 wrote: »

Hi guys just wondering if you think i should fix my rate for the year at 3% with halifax or look at something else, I have £14k in a hsbc isa at mo with £1k of that being put into it with this years allowance.

Your choice - you can transfer it to any provider that accepts transfers. Natwest's e-ISA offers 3.51%AER on £10,000+ currently, but note that it's a variable rate.

SuperOwl86

Would i be able to transfer again say if the rate dropped?

rb10

SuperOwl86 wrote: »

Would i be able to transfer again say if the rate dropped?

Yes, to any other ISA that accepts transfers in. There are no restrictions on when or how often you are allowed to transfer.

Just remember that there may be a loss of interest when you transfer, and there's the hassle of it of course!

This is why I like Halifax's fixed rate instant access ISA.

SuperOwl86

Thanks guys think i will still with what i was going to do and signup to the fixed Halifax for 12 months.

pbw

i've noticed recently that a few isa rates have increased. i was of course expecting rates falls in the current climate. whats going on?

Lokolo

pbw wrote: »

i've noticed recently that a few isa rates have increased. i was of course expecting rates falls in the current climate. whats going on?

New tax year, banks want new money.

derrick

OK, my Lloyds FRISA,(the 6.5% one), matures 19th May, to save messing about for very little extra return, is it worthwhile to transfer into Lloyds 3.2% FRISA or better to use a variable one re the possibilty of interest rises in the near future?