Cash ISAs: The Best Currently Available List

Jo4

badger09 wrote: »

Can't say whether your friend should move their ISA to the Santander Direct ISA Saver, but as this is an instant access product your friend can continue to pay into it after the new allowance is introduced on 1 July.

Upgrading existing Santander ISAs to a new Santander ISA product is simple. Your friend just needs to follow the links on Santander's website, or phone them, or call into one of their branches

Thanks! I will pass on this information. I think they need to upgrade by 4th April 2014 if I remember reading Santander website correctly.

adindas

Save3 wrote: »

It seems that I'd be better off using my Santander 123 3% and taxed 20% (2.80%) than to save in a 2.75 fix for 3 years isa. Am I right? Or am I missing something. Please help.

It is astonishing me how the math is being taught in the school nowadays ??

DemiDee

adindas wrote: »

It astonishing me the math is beeing taught in the school nowadays ??

Seems like the standards in English and grammar are much worse, judging from this comment?

YorkshireBoy

DemiDee wrote: »

Seems like the standards in English and grammar are much worse, judging from this comment?

It's not a bad attempt though, for someone whose first language isn't English.


How's your Georgian/Romanian/Russian?

adindas

DemiDee wrote: »

Seems like the standards in English and grammar are much worse, judging from this comment?

Indeed you are right

http://www.bbc.co.uk/news/education-24433320

"A major study by the Organisation for Economic Co-operation and Development (OECD) shows how England's 16 to 24-year-olds are falling behind their Asian and European counterparts.

England is 22nd for literacy and 21st for numeracy out of 24 countries"

DemiDee

YorkshireBoy wrote: »

It's not a bad attempt though, for someone whose first language isn't English.


How's your Georgian/Romanian/Russian?

Condemning others for not being perfect, when one's own standards are clearly less than perfect, might not be a 'bad attempt', but is certainly in bad taste. "Judge not lest ye be judged" comes to mind. However, I digress. This IS about ISAs, after all

Consumerist

DemiDee wrote: »

Condemning others for not being perfect, when one's own standards are clearly less than perfect, might not be a 'bad attempt', but is certainly in bad taste. "Judge not lest ye be judged" comes to mind. However, I digress. This IS about ISAs, after all

To suggest that something is "not a bad attempt" is not to suggest that it is a "bad attempt", surely. So who is criticising whom, here?

innovate

Nationwide are due to launch a Regular Saver ISA this Sunday. Max monthly deposit £1,250 and AER a measly 2.5%. Might make sense for people who intend to put £15K into a cash ISA for 2014-15 and who can dripfeed it from one or two good current accounts.

KTF

innovate wrote: »

Nationwide are due to launch a Regular Saver ISA this Sunday. Max monthly deposit £1,250 and AER a measly 2.5%. Might make sense for people who intend to put £15K into a cash ISA for 2014-15 and who can dripfeed it from one or two good current accounts.

Thats not a bad option if its fed out of the TSB 5% current plus account though.

hgt

adindas wrote: »

I have seenthat the best option fro cash ISA if you want to put it for at least one year is Newcastle Big-home saver

http://www.newcastle.co.uk/savings/big-home-saver.aspx

It is to be dripped fed from a current account which pays 3% interest.

Is there any better option available out there ?

Also my understanding is that this cash ISA is instant access just did not get the bonus of one percent if you close it earlier ?

Will I still get the 1% bonus even I do not take take their mortgage as long as I keep up with monthly payment ??

Could you please have a look on it whether I have missed something or there is something I am not aware of ....

Yes you are correct on all counts.... this is an instant access account - you just loose the 1% bonus in any month where you make a withdrawal. Also there is no obligation to take a mortgage etc, you'll still get the 1% bonus (making 3% in total), the interest is actually paid monthly. The only possible downside is the max monthly deposit is £500 - so that's a maximum of £6000 over the tax year, so no good if you were planning to use the new max £15000 ISA allowance.

However Newcastle BS have recently taken all their ISA range off-sale including the Big Home ISA Saver. So it will be interesting to see if it it returns after 6th April, and if they may change the maximum monthly deposit in light of the changes to the annual ISA allowance.

But yes - presuming this account goes back on-sale at the same rate, then a good account I'd say. Much better than the new Nationwide regular ISA, as with Newcastle, the account doesn't close after 12 months, meaning you can keep on building up your savings and earning 3% on the whole lot.