Cash ISAs: The Best Currently Available List

Magic_Dragon

Hi,

Thanks for the informative post :j I am looking aorund to set up a new ISA for me and my other half.

My husband has never had an ISA before so we were considering a regular saving ISA. WE bank with First Direct so I had a look there first

http://www1.banking.firstdirect.com/1/2/rates/fd/savings-accounts

I see no mention of the First Direct Regular Saver ISA in this thread. It pays 7% for a 1 year fix (I think, unless I am missing something!) I can afford to deposit £300 a month and don't mind not having access for a year.

Can anyone advise? It seems to meet our needs but I am worried I have missed a drawback!

Thanks

rb10

Magic_Dragon wrote: »

Can anyone advise? It seems to meet our needs but I am worried I have missed a drawback!

There is one - fairly large - drawback.

It's the '(5)' next to the title of Regular Saver ISA on that page ... if you go to the bottom of the page you'll see that this means 'Product no longer on sale.'

Froggitt

Its not at all clear but the footnote says

(5) Product no longer on sale.

Magic_Dragon

Froggitt wrote: »

Its not at all clear but the footnote says

:-( missed that one!

Will keep searching then - knew it must have been too good to be true!

gallygirl

Can't see any mention of Nationwide Champion ISA anywhere?

Link is HERE. Sounds a bit like the Investec account, the downside is it is linked to 8 High St banks, not internet, but does include a guaranteed 1.35% till June 11.

"Top rate high street ISA

Every month we find the five highest branch based cash ISA interest rates from a group of 8 high street banks. The rates are sourced and verified by Moneyfacts.
The average of the five highest rates becomes the Champion ISA core interest rate for the next month. This means you don't have to keep looking around for a competitive savings rate, because we do it for you.
But that's not all - Champion ISA also pays a fixed bonus of 1.35% gross p.a. until 30 June 2011, giving your savings an extra boost – and because it's an ISA, any interest you earn will be tax –free. Please note the bonus is calculated daily and is not earned for any day that your balance drops below £1,000."


Some restrictions but no worse than others - worth consideration for transfers in?

ACID

even tho i opened the Santandaer fixed 3.2 ISA yesterday
i havent got an email..probably will tomorrow
but decided i may actually close it now

becasue
i already have money in my natwest e-isa from last year
and realised that they have decided to still offer at least 3% interest for this year for current subscribers (very unusual)

with that
i might put my other savings into a regular saver with santander (5%)

rb10

ACID wrote: »

even tho i opened the Santandaer fixed 3.2 ISA yesterday
i havent got an email..probably will tomorrow
but decided i may actually close it now

becasue
i already have money in my natwest e-isa from last year
and realised that they have decided to still offer at least 3% interest for this year for current subscribers (very unusual)

Bear in mind that Natwest could drop the rate on their e-ISA at any time.

The Santander ISA is guaranteed not to drop below 3.2%, and will track any increases to the BOE base rate (for the first year).

To me, it seems a no-brainer.

(By the way, it might take a while before you get your email - I applied on Tuesday and still haven't heard).

ACID

rb10 wrote: »

Bear in mind that Natwest could drop the rate on their e-ISA at any time.

The Santander ISA is guaranteed not to drop below 3.2%, and will track any increases to the BOE base rate (for the first year).

To me, it seems a no-brainer.

(By the way, it might take a while before you get your email - I applied on Tuesday and still haven't heard).

Yeh i didnt think weekends wodu lmakle a difference as I assumed itll be an auto email..guess not

can you answer my question abotu the e-isa..ui have a slight confusion?
my post is here
http://forums.moneysavingexpert.com/showthread.html?p=31739733&highlight=#post31739733
you may know the isa..
i agree with the fixed rate but my money is already in the e-isa and all trasnfer isa rates are non-fixed

owitemisermusa

Walked into a branch today and was told this product is to be withdrawn tomorrow.

Shame you cannot apply online and need to make an appointment to open one.

FYI.

JamesPond

owitemisermusa wrote: »

Walked into a branch today and was told this product is to be withdrawn tomorrow.

Shame you cannot apply online and need to make an appointment to open one.

FYI.

Are you sure?, I just applied for mine online