Cash ISAs: The Best Currently Available List

newmike

As far as I am aware no mention has been made in MSE articles re Cash ISAs of the Kent & Reliance BS. They seem to offer a good range of fixed rate ISAs and will take transfers. Current rates range from 3.25% to December 2011 and 4.00% to September 2014. No bonus rates included so you know exactly where you stand until maturity. Worth looking at in my view if you do not require instant access. Sorry not allowed as new user to include Kent's hyperlink.

Kazza242

newmike wrote: »

As far as I am aware no mention has been made in MSE articles re Cash ISAs of the Kent & Reliance BS. They seem to offer a good range of fixed rate ISAs and will take transfers. Current rates range from 3.25% to December 2011 and 4.00% to September 2014. No bonus rates included so you know exactly where you stand until maturity. Worth looking at in my view if you do not require instant access. Sorry not allowed as new user to include Kent's hyperlink.

You're probably correct in saying that the Kent Reliance ISAs aren't currently mentioned in the MSE ISA article. They are, however, listed in the first post of this thread. Links to them are also included.

ctdctd

Principality have a 4% fixed Regular Saver ISA for the new tax year.

http://www.principality.co.uk/default.aspx?page=1871

Froggitt

Remember because of the staging of the 12 monthly investments, it only works out at about 2% for the year.

RayWolfe

Not it doesn't. It works out at 4% .... of the money you have put in!

Froggitt

If you put in £100 a month ie £1200 a year, you will not get £48 in interest, you will get around £24 (depending on the exact T&Cs) in interest, ie around 2% of your end of year balance.

Spiggle

roddydogs wrote: »

Anyone get Santanders 3.5% for NEXT years allowance?

Hi, new on this thread but thought I'd answer your question.

I took the MSE advice and transferred to the A&L (Santander) premier current account a few months ago. I must be lucky (according to some opinions here) as the switch went very smoothly without a single glitch. (Actually opened through Quidco and got £50 cash back from them and the bonus £100 direct from A&L into my account within a month of opening.)

I thought long and hard about opening an ISA for my OH when I saw the 3.5% rate advertised but as we had a bit of spare cash opened one and put a humble sum of £500 (and £400 yesterday) into it.

I'm fully subscribed for 2009-2010 hence opening for OH rather than me. But I didn't want to miss this rate and so after a quick phone call to A&L to check I could open the account and not deposit anything until 6th April, I went ahead and opened an account for me too.

Both accounts were opened online and were showing on the online banking summary within a day. No glitches, no problems and we have the 3.5% rate. Must be very lucky. (Or possibly because these are new accounts so no transfers to process?)

I do have a small sum of £1500 in an IF ISA from last year and would be grateful if anyone knows what the rate will drop to on that one on 6th April? Do you have any suggestions of the best place to transfer it to if necessary? I know these are not the huge amounts that more long term (sensible) savers have but they are important to us so any advice gratefully recieved.

BTW I just looked at the Principality regular ISA saver and it doesn't look a huge amount of interest if you look at the bottom of the page in the notes.

Thanks in advance,
Spigs

RayWolfe

Froggitt wrote: »

If you put in £100 a month ie £1200 a year, you will not get £48 in interest, you will get around £24 (depending on the exact T&Cs) in interest, ie around 2% of your end of year balance.

...... and about 24% of your beginning balance. Therefor ... ?

Froggitt

Listen. Not everyone reading this thread will appreciate that a regular saver paying 4% will only return 2% of their end of year balance. Im just trying to show some balance here to stop people thinking they will get 4% of their total investment in the account.

masonic

Froggitt wrote: »

Listen. Not everyone reading this thread will appreciate that a regular saver paying 4% will only return 2% of their end of year balance. Im just trying to show some balance here to stop people thinking they will get 4% of their total investment in the account.

Yes, but you are forgetting the interest they will earn outside of the ISA while they wait to put the money in. It is no better telling people they will get 2% - the actual overall return varies and is usually somewhere above halfway between the two extremes. However, if you are saving monthly from income for which these accounts are designed, you really do get 4%.