Cash ISAs: The Best Currently Available List

Kazza242

The first post of this thread has been updated.

A number of ISAs have been withdrawn in the last week. Natwest and RBS' Cash ISA Plus ranges have been withdrawn. Halifax have withdrawn their ISA Saver Reward, which paid 3.00%. Also some variable rate ISA rates have fallen for new customers, the most significant being First Direct's E-ISA and Barclays' Golden ISA.

On the fixed rate ISA front, Kent Reliance BS have launched a one year fixed rate ISA paying 3.20%, Julian Hodge Bank have increased the rates paid on its one and two year ISAs, both paying 3.15%. Shepshed BS have launched a two year fixed rate ISA, paying 3.10%. Also added to the first post is the Northern Rock five year fixed rate ISA, paying 3.30%.

Next update mid week...

Baldur

Kazza242 wrote: »

Next update mid week...

It looks as though this Buckinghamshire BS 3-year FRISA will need to be added from Monday.

Kazza242

Baldur wrote: »

It looks as though this Buckinghamshire BS 3-year FRISA will need to be added from Monday.

Thanks, but I schedule the updates when I know that I'll have time to do them. During the working week it can be difficult as I work full-time. I do two major updates each week - at the weekend and in mid-week and the other minor updates are done when I have a moment to do them. Things are manic at work at the moment, so I can't update the list as often as I do at other times of the year.

Baldur

Kazza242 wrote: »

Thanks, but I schedule the updates when I know that I'll have time to do them. During the working week it can be difficult as I work full-time. I do two major updates each week - at the weekend and in mid-week and the other minor updates are done when I have a moment to do them. Things are manic at work at the moment, so I can't update the list as often as I do at other times of the year.

Hi Kazza,

My post was simply meant to be a 'heads up' to possibly ease the load ready for your mid-week review, rather than anything else.

MORPH3US

Hi guys,

I am thinking of transferring my ISA's fron NS&I to M+S since they are the best payer at the moment (according to MSE article).

I just wondered about this bonus though.... is it one of those were you only get the bonus if you leave the money in the account until 21st April 2010....

Or does it just mean that until that date you get that rate (and you can take the money out / transfer out before if you wish) but after that date the rate drops.....

(Hope i've explained that ok and it makes sense... all help appreciated)

M

JHB_2

I see Northern Rock have two new Issues:

Issue 110 guarantees 3.3% up to 15/06/2012

Issue 111 guarantees 3.3% up to 15/06/2014

Minimum initial depost £500

Baldur

MORPH3US wrote: »

I just wondered about this bonus though.... is it one of those were you only get the bonus if you leave the money in the account until 21st April 2010....

There is nothing in the Ts & Cs to indicate that this is the case - if in doubt, suggest that you contact them for clarification.

Or does it just mean that until that date you get that rate (and you can take the money out / transfer out before if you wish) but after that date the rate drops.....

See above - remember, though that the underlying interest rate (rather than the 1% bonus) is variable, so could change over the period until 21 April 2010.

MarkyMarkD

Those NR rates are, TBH, rubbish. If rates go up in around a year's time, you will be thinking yourself daft for tying in at 3.3% for 3 or 5 years, when you could have had almost the same rate and been committed for only one year.

opinions4u

MORPH3US wrote: »

I am thinking of transferring my ISA's fron NS&I to M+S since they are the best payer at the moment (according to MSE article).

They are but the rate is variable, so they may reduce it as time goes by.

I just wondered about this bonus though.... is it one of those were you only get the bonus if you leave the money in the account until 21st April 2010....

The bonus is, like the other interest, calculated on a daily basis. While you have money in there, you earn it. Once you've withdrawn it, you don't. In other words if you withdrew all your funds after 6 months the actual bonus earned would be 0.5% (half of the 1%).

http://money.marksandspencer.com/save-invest/cash-isa/overview/

http://money.marksandspencer.com/pdf/ISTermsAndConditions.pdf

JHB_2

MarkyMarkD wrote: »

Those NR rates are, TBH, rubbish. If rates go up in around a year's time, you will be thinking yourself daft for tying in at 3.3% for 3 or 5 years, when you could have had almost the same rate and been committed for only one year.

I don't think you are tied in as such, it just guarantees that rate for that period, if things don't improve I guess.