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Cash ISAs: The Best Currently Available List

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Comments

  • Kazza242 wrote: »
    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:
    so this is by far the best one to open for largish transfers in then ?
  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    so this is by far the best one to open for largish transfers in then ?

    Yes, for a 1 year fixed rate ISA it is the best rate available.
    Please call me 'Kazza'.
  • Dagobert
    Dagobert Posts: 1,625 Forumite
    I would like to open the A&L ISA for 2007/08. I have already got an ISA in place for 2007/06.

    The A&L advisor advised me to open the account now and fund in 2007/08 in case the offer is withdrawn.

    Is this OK as long as I fund the ISA in the new tax year?
    Dagobert
  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Dagobert wrote: »
    I would like to open the A&L ISA for 2007/08. I have already got an ISA in place for 2007/06.

    The A&L advisor advised me to open the account now and fund in 2007/08 in case the offer is withdrawn.

    Is this OK as long as I fund the ISA in the new tax year?

    Yes, you can open the ISA before the start of the new tax year, but you must ensure that it isn't funded until after April 5th 2007. When opening it ensure that the advisor selects the 2007/08 tax year.
    Please call me 'Kazza'.
  • Nick_A_2
    Nick_A_2 Posts: 314 Forumite
    Hi Kazza, I have a couple of questions!

    I have an Abbey postal ISA that is going to be 3 years old at the end of this tax year.

    1. Would you recommend I keep the content there because it is eligible for the 5.75%

    2. Should I open a new Barclays TB ISA for my new allowance?

    3. Or would you recommend something better e.g. Northern Rock?

    Many thanks,

    Nick.
    something missing
  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi Nick_A,
    Nick_A wrote: »
    I have an Abbey postal ISA that is going to be 3 years old at the end of this tax year.

    1. Would you recommend I keep the content there because it is eligible for the 5.75%

    If the balance in your Abbey ISA is at least £9,000 then the Direct ISA paying 5.75% is a good option to consider, as it has a better interest rate than the Postal ISA. Abbey should be able to transfer your Postal ISA balance into the Direct ISA and as it would be an internal transfer it should be instant without loss of interest.
    Nick_A wrote:
    2. Should I open a new Barclays TB ISA for my new allowance?

    The Barclays offering is a good option for a new ISA for 2007/08 at 6.50% and is MSE Martin Lewis' top pick. However, there are a number of other options that are also worth considering like NS&I 5.80% and ING Direct 6.00% AER.
    Nick_A wrote:
    3. Or would you recommend something better e.g. Northern Rock?

    I think there are better 'new money' ISAs out there than the Northern Rock fixed ISA - even though it pays 6.01%. Barclays 6.50% for example and if BOE base rate increases again NS&I's rate will be 6.05%. I prefer to think of the Northern Rock offering as a good ISA for 'transfers in' - provided BOE base rate doesn't rise by more than 0.25% over the next year.
    Please call me 'Kazza'.
  • bignred05
    bignred05 Posts: 1,217 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    a quick question
    if i already have an isa (NSI) and i have had it for 2-3 years saving £65 a month

    can i open a new fresh isa some where else
  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    bignred05 wrote: »
    a quick question
    if i already have an isa (NSI) and i have had it for 2-3 years saving £65 a month

    can i open a new fresh isa some where else

    Yes, you can. However, if you're contributing to your ISA monthly via a standing order (or direct debit) you must cancel it. If a SO or DD payment is made to your ISA after April 5th 2007, you will not be allowed to open a fresh isa with another provider for the tax year beginning April 6th 2007 (2007/08). Of course, if this happened a saver could transfer their existing ISA savings to another provider that accepts transfers in - but they wouldn't be allowed to open 'new money' ISAs, like Barclays 6.50% or ING 6.00%.
    Please call me 'Kazza'.
  • stuartw101
    stuartw101 Posts: 381 Forumite
    Anyone know if i go into a Barclays branch today to open a 06/07 ISA whether it will be too late to open it in time?

    Thanks
  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    stuartw101 wrote: »
    Anyone know if i go into a Barclays branch today to open a 06/07 ISA whether it will be too late to open it in time?

    Thanks

    No, there is still time. Complete the online application, selecting the tax year 2006/07 and then print it out. Ensure that you take the form, ID and a cheque along to the branch.
    Please call me 'Kazza'.
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