Cash ISAs: The Best Currently Available List

xrjtg

An email received from customer services today in case anyone wants explicit reassurance:

Newcastle_Building_Society wrote:

Thank you for your email today regarding your application.

You will still be able to make a larger deposit at the end of the year. An example of how you may operate the account might be 10 x £100 + £4100.00 at the end of the year = £5100.00 for 2010/2011 tax year and this will all qualify for the bonus.

edda

According to Principality's marketing leaflet, their regular saver ISA (4%) is closing on 30th April.

This means new accounts cannot be opened after that date - people who already have the account are not affected.

So - unless this is just a marketing gimmick - you'll need to apply by the end of the month (I guess).

butterfly72

edda wrote: »

According to Principality's marketing leaflet, their regular saver ISA (4%) is closing on 30th April.

This means new accounts cannot be opened after that date - people who already have the account are not affected.

So - unless this is just a marketing gimmick - you'll need to apply by the end of the month (I guess).

Umm, not sure whether to go for this, or hang in there and see if any better rates are round the corner for a lump sum.

MarkyMarkD

Rates have only been going in one direction recently - down - because predictions are for bank base rate to stay low for a long time.

Iconic

MarkyMarkD wrote: »

Rates have only been going in one direction recently - down - because predictions are for bank base rate to stay low for a long time.

I was looking for a fixed rate ISA until I read this yesterday....

'THE odds on an interest rate hike before the end of the year shortened yesterday, after the Bank of England published "hawkish" minutes of its April meeting.'

http://thescotsman.scotsman.com/business/MPC-inflation-fears-make-2010.6244544.jp

Perhaps 2.5% variable is better than 3% fixed for anything over a year;)

Mickygg

Depends what you read iconic. Last quarters economy growth was low and therefore they say rates can't rise for a while or we may sink backwards!

Frisbos

This ISA has been withdrawn from sales as of yesterday. They told I me that I would not be able to aply for this anymore.

Froggitt

Probably also worth stating that the Clydesdale/Yorkshire Bank 5 year fix/5.00% is also no more.

purplestar133

With regards to the A&L Flexible ISA, is the guarantee to be 2.7% above the base rate for 12 months refering to 12 months from when the current rate became available (6/4/2010 for the second issue) or from when you open the account?

The confirmation email I received when I opened the account said I can make my first payment by BACS. Can I continue to do that instead of by direct debit? It's quicker for amounts less than £250 because of Faster Payments.

Spiggle

purplestar133 wrote: »

With regards to the A&L Flexible ISA, is the guarantee to be 2.7% above the base rate for 12 months refering to 12 months from when the current rate became available (6/4/2010 for the second issue) or from when you open the account?

The confirmation email I received when I opened the account said I can make my first payment by BACS. Can I continue to do that instead of by direct debit? It's quicker for amounts less than £250 because of Faster Payments.

It's 12 months from opening/subscribing I believe although it does say on the interest rates page 'Rates effective from the 6th April 2010'. But thinking about it logically, if they are guaranteeing 12 months @ 2.7% above base and the account is still available then it would have to be from opening. Wouldn't it?

I just transfer my money direct without any problem. Last year I always used BACS when funding and withdrawing from an IF ISA.

Hope that helps,
Spigs