Cash ISAs: The Best Currently Available List

Mickygg

This thread is so helpful to many - why is this not a 'sticky'?

Lokolo_2

Mickygg wrote: »

This thread is so helpful to many - why is this not a 'sticky'?

Yes I said this longer ago! It should be a sticky, it's far more useful than the current sticky threads! :j

bryanb

blueberrypie wrote: »

It's a good idea for anyone looking for a home for their 10/11 ISA allowance, but if the money is already in an ISA, they'd have lost their 10/11 allowance by doing what you suggest.

Sorrry but I don't understand, perhaps I'm being thick. I am looking for a home for 2010/2011 ISA. I have not subscribed to an ISA this tax year but my previous years are in 4.25% with N/W.
How will taking the Lloyds one help please?

boobbby

bryanb wrote: »

Sorrry but I don't understand, perhaps I'm being thick. I am looking for a home for 2010/2011 ISA. I have not subscribed to an ISA this tax year but my previous years are in 4.25% with N/W.
How will taking the Lloyds one help please?

The idea of saving with a Lloyds vantage was for people who had not taken out an ISA this tax year but wanted a good rate of interest (4%) for their £5100. It also gave the flexibility to use the money and replace it before taking out the ISA before the end of the tax year. The interest rate at present is very low for ISA's and any money taken out of the ISA cannot be replaced this tax year.

Ian_W

Nick_C wrote: »

Update needed on page 1 - Nationwide 3 year fix is currently 3.75% (not 4%); still a top rate for 3 years though.

http://www.nationwide.co.uk/savings/cash_isa/fixedrateisabonds/summary/summary-3-year-fixedrateisabond-annual.htm

Good spot. Their 4yr fixed has also reduced from 4.15% to 4%.
http://www.nationwide.co.uk/savings/cash_isa/fixedrateisabonds/summary/summary-4-year-fixedrateisabond-annual.htm

msskmy

Im looking to invest my ISA money this year and transfer previous years isa. Should I fix with a 4-5year isa paying 4.25% or hand or hang on to later transfer my isa's until a better rate becomes available?

Dustykitten

Looking for an ISA for my Mum. New money for this year, prefers fixed rate. I was going to recommend the Chelsea 2 year fix at 3.3% - any pitfalls I should know about - no access during the term is fine.

Simon11

Dusty Kitten, think of it another way....

If £1,000 is invested for 2 years, at 3.33%, then you will get £67 in return after two years.

If you invest £1,000 in top rate 3% for one year, and then get a rate of 3.6% for 2nd year, the return will be £67

So therefore you need to see what the chances of being saving rates higher than 3.6% next year otherwise option 1 is better. Also factor in that you have a chance to remove money after one year with option 2

MarkyMarkD

Or, conversely, if rates fall (and there's no guarantee that fixed rates will increase, or that variable rates will stay where they are now), you may not have the option of reinvesting at 3.6% or even 3% in a year's time.

It is easy to "big up" the benefits of flexibility, but if you are in it for the long-term (and most ISA investors are, because of the tax benefits) then the security of a fixed rate guaranteed for two or more years shouldn't be ignored.

Jonbvn

Better add the new NCBS index linked ISA to your best buy table.

https://forums.moneysavingexpert.com/discussion/2664857:money: