Cash ISAs: The Best Currently Available List

Mickygg

depends what you mean by better. Yes it has a higher initial rate, albeit only 0.05%, but a&l and santander are 2.7% above boe base rate so there is the potential for the rate to increase.

septemberblues

Mickygg wrote: »

depends what you mean by better. Yes it has a higher initial rate, albeit only 0.05%, but a&l and santander are 2.7% above boe base rate so there is the potential for the rate to increase.

Ok thanks. So which one is the best bet? I'm looking for an ISA to be fixed rate for 1 year, and want to put in £5,100 in one lump sum.

THRIFTY_GIRL

septemberblues wrote: »

Ok thanks. So which one is the best bet? I'm looking for an ISA to be fixed rate for 1 year, and want to put in £5,100 in one lump sum.

Choosing between Coventry 3.25% and Santander 3.20% I would probably go for Santander. Basically, if rates remain unchanged you will have lost out on the princely sum of £2.55. If rates rise, you will gain £10.20 for each 0.25% rise in base rate. I've not looked at the full list so don't know if there is anythingh better available.

HTH

10_66

septemberblues wrote: »

Ok thanks. So which one is the best bet? I'm looking for an ISA to be fixed rate for 1 year, and want to put in £5,100 in one lump sum.

If you value your sanity, I wouldn't go near Santander. HERE'S a link that tells you about the best ISA rates currently available.

Iconic

I see M&S have have adjusted their rates downwards the three year rate is now 3.25%.

http://money.marksandspencer.com/save-invest/fixed-rate-savings/more-information/

cyclonebri1

Iconic wrote: »

I see M&S have have adjusted their rates downwards the three year rate is now 3.25%.

http://money.marksandspencer.com/save-invest/fixed-rate-savings/more-information/

All still heading steeply in one direction:eek:,

apt

THRIFTY_GIRL wrote: »

Choosing between Coventry 3.25% and Santander 3.20% I would probably go for Santander. Basically, if rates remain unchanged you will have lost out on the princely sum of £2.55. If rates rise, you will gain £10.20 for each 0.25% rise in base rate. I've not looked at the full list so don't know if there is anythingh better available.

But how long would the useless Santander take to transfer your ISA at the end of the year?

cyclonebri1

apt wrote: »

THRIFTY_GIRL wrote: »

Choosing between Coventry 3.25% and Santander 3.20% I would probably go for Santander. Basically, if rates remain unchanged you will have lost out on the princely sum of £2.55. If rates rise, you will gain £10.20 for each 0.25% rise in base rate. I've not looked at the full list so don't know if there is anythingh better available.

But how long would the useless Santander take to transfer your ISA at the end of the year?

Well as I've said before I've used Santander (abbey) for savings probably for 30 years now without issue. I have however today sent off 4 sets of transfer papers, all to one bank, 2 of the transfers fromm Santander. I'll see how they compare and let you know however it goes, ;)

psychy

Well, the Santander ISA looks good. Is it worth investing now or waiting a few weeks to see if anyone else is offering better rates?

Spiggle

10_66 wrote: »

If you value your sanity, I wouldn't go near Santander. HERE'S a link that tells you about the best ISA rates currently available.

OK, I haven't had to transfer out so can't comment on that but the service in setting up a new joint current account and two ISA (OH & me) with Alliance & Leicester (Santander) has gone absolutely smoothly with no problems at all.

I look forward to cyclonebri1 letting us know regarding the transfer out situation.

As for waiting or buying now, well I didn't wait when the A&L had the guaranteed 3% above boe and I'm so glad because within days it had gone to the currently available guaranteed 2.7% above boe. And to quote cyclonebri1 again, 'All still heading steeply in one direction:eek:, ' i.e. down. Ultimately to buy or not to buy and when to make the decision is your call.:)

Spigs