Cash ISAs: The Best Currently Available List

aeroguide

MoneySaverLog wrote: »

I just called the AA up to confirm what happens with existing customers, the rates appear to have been fixed for the 12 months.

Existing customers on Issue 1, still get to keep the old rate 3.35% though and if they add further money up to their allowance will still get the old rate on that money too.

Sorry to put a bucket of water on your bonfire, so to speak, but the rpi is now at 5%+.

Until the Government legislates that financial institutes must give the correct tax free interest on all isa's, we will continue to be ripped off!!
I have spent the last 3 years moving money anually, or bianually just to get a 1/8 or 1/16 percentage point here and there. Now I think, with the rpi at 5%, is it all just a waste of time.

MarkyMarkD

aeroguide wrote: »

Until the Government legislates that financial institutes must give the correct tax free interest on all isa's, we will continue to be ripped off!!

Eh? As this thread shows, ISAs are a very competitive market. There's no such thing as "ripped off" where 100+ institutions are competing for your savings, unless you choose to invest at something which isn't a competitive rate.

aeroguide

MarkyMarkD wrote: »

Eh? As this thread shows, ISAs are a very competitive market. There's no such thing as "ripped off" where 100+ institutions are competing for your savings, unless you choose to invest at something which isn't a competitive rate.

you missed the point

Froggitt

aeroguide wrote: »

Until the Government legislates that financial institutes must give the correct tax free interest on all isa's, we will continue to be ripped off!!

I have no idea what you mean by "correct tax free interest".

MoneySaverLog

Froggitt wrote: »

I have no idea what you mean by "correct tax free interest".

Probably something at above RPI where you're not actually losing money in real terms due to the printing of more and more money by HMG.

One thing I don't get though is all this printing of money, where does it end up cause it certainly does not end up in my pocket

Ark_Welder

MoneySaverLog wrote: »

it certainly does not end up in my pocket

That's why inflation isn't as high as was predicted by some when QE was first launched.

MarkyMarkD

aeroguide wrote: »

you missed the point

Clearly you didn't explain it properly. It must have got lost in your rant somewhere.

Just_landed

bump :T

harz99

bumpity, bump.:D

ses6jwg

Santander have just launched a new Easy ISA paying a competitive 0.5% on balances of £40k+

Balances up to £27k earn a great rate of 0.1%