Cash ISAs: The Best Currently Available List

Consumerist

Space_Captain wrote: »

I don't want a 2/3 year lock in if the rates rise in early 2016 as predicted.

I don't think savings rates will change much while QE and Funding for Lending continue.

Archi_Bald

Consumerist wrote: »

I don't think savings rates will change much while QE and Funding for Lending continue.

And whilst China rocks the world's economy with currency devaluations.

jimjames

Consumerist wrote: »

I don't think savings rates will change much while QE and Funding for Lending continue.

QE has not changed since 2012. Even if the base rate rises I don't think rates paid on savings will alter much. Current interest rates paid are about 1% above base, historically that has not been the case so it seems unlikely that it will continue when rates normalise.

colsten

Space_Captain wrote: »

I don't want a 2/3 year lock in if the rates rise in early 2016 as predicted.

"The market predicts the first rise in the UK Bank Rate around August 2016."

http://www.telegraph.co.uk/finance/personalfinance/interest-rates/11032396/Interest-rates-predictions-When-will-the-Bank-Rate-rise.html

Every year, every month, I have a sense of deja-vu..............

MARTYM8`

Consumerist wrote: »

I don't think savings rates will change much while QE and Funding for Lending continue.

Exactly - pre FFL (2009-2012) savings rates were much higher even though the base rate remained unchanged at 0.5%. Post FLS they dropped sharply.

If the government is giving banks loads of cheap cash why do they need funds from savers?

Terms for the 3 year 2.3% Leeds ISA are here - all investments (incl transfers) must be made by 30 Sept.

http://www.leedsbuildingsociety.co.uk/savings/isa-tax-free-accounts/3-year-fixed-rate-isa/

jimjames

colsten wrote: »

"The market predicts the first rise in the UK Bank Rate around August 2016."

http://www.telegraph.co.uk/finance/personalfinance/interest-rates/11032396/Interest-rates-predictions-When-will-the-Bank-Rate-rise.html

Every year, every month, I have a sense of deja-vu..............

http://news.bbc.co.uk/1/hi/business/8493097.stm

Feb 2010: "Rates will probably go up before the end of the year, but not by much," says David Black of the financial consultancy Defaqto. The average prediction of independent forecasters, both inside and outside the City, is that the Bank of England's bank rate will rise to 1% by the end of 2010.
Some predict it will be even higher, at 2%. And as for 2011, there is now a widespread assumption that the Bank rate may go up a bit further, perhaps even to 3% or so.

I wonder how much these so called experts get paid for producing their predictions. Pretty shocking how far out they are when over 5 years on there has been no change.

50Twuncle

What, exactly does "RATE GUARANTEED - NO" mean ?
Does it mean that - they can reduce the interest rate - the next day - to 0.1% without any problems - and hold on to your investment (if you have signed up for a fixed rate deal) ?
This is an appalling time to invest (low rates with no real improvement on the near horizon)

Froggitt

If its a fixed rate, the rate is guaranteed.

eskbanker

50Twuncle wrote: »

This is an appalling time to invest (low rates with no real improvement on the near horizon)

....which makes it an appalling time to save and conversely a more tempting time to invest (subject of course to objectives, timescales, risk appetite, etc, etc)

Consumerist

50Twuncle wrote: »

What, exactly does "RATE GUARANTEED - NO" mean ? . . .

It can become a bit complicated.

Often, variable rates include a fixed bonus. In that case the bonus should not change during the bonus period (normally, a year) but the non-bonus element of the rate can change.

It effectively means the overall rate shouldn't go any lower than the bonus rate until the bonus expires.