Cash ISAs: The Best Currently Available List

meol

hi. can someone open an ISA anytime of the year, or one should wait until the new tax year began. if one can open now, would that be considered as the 2007 allocation, and will get another 3k allocation in april/may 2008? thank you in advance.

bristolleedsfan

PatelA wrote: »

Newbie here. I have £3,000 to invest as a lump sum in an ISA initially and wanted to know which was the best with the following criteria:

1) Highest interest rate
2) Money able to be withdrawn without losing tax
3) No Annual limits

I don't really want the hassle of switching in 6 months and it doesnt' even seem that fruitful according to masonic so who do people suggest to use outright for a year?

KRBS have been a consistent high payer for a few years. http://www.krbs.co.uk/directisa.aspx

If u werent wanting access Nationwide 1 and 2 year fixes ( 6.15%) have now become a good deal.

bristolleedsfan

meol wrote: »

hi. can someone open an ISA anytime of the year, or one should wait until the new tax year began. if one can open now, would that be considered as the 2007 allocation, and will get another 3k allocation in april/may 2008? thank you in advance.

Yes, can open ISA anytime of the year, if you open an ISA this tax year will be considered as your 2007/08 ISA allocation, therefore you can open another ISA on or after 6th April 2008 ( 3600 increased limit for 2008/09 tax year)

RayWolfe

meol wrote: »

hi. can someone open an ISA anytime of the year, or one should wait until the new tax year began. if one can open now, would that be considered as the 2007 allocation, and will get another 3k allocation in april/may 2008? thank you in advance.

You are correct in every respect. The sooner you start the sooner you're earning tax free interest.

Jonbvn

Needs a ^Bump^

We really need to make this a sticky.

Phlik

Daps wrote: »

I am thinking of putting £3,000 into the ING Direct ISA this week, keeping it there for 6 months to take advantage of the 6.55% deal,

Exactly what I did, I'm such a rate tart

Phlik

manic_saver

Silly question...i want to deposit £3400 in to the nationwide fixed isa for 08/09 tax year. Now then, can i only invest £200 or can i invest £3600 (new tax rules) for the rest of the year?

Meaning i would have £7000 by next year.

bristolleedsfan

manic_saver wrote: »

Silly question...i want to deposit £3400 in to the nationwide fixed isa for 08/09 tax year. Now then, can i only invest £200 or can i invest £3600 (new tax rules) for the rest of the year?

Meaning i would have £7000 by next year.

The Nationwide fixed rate ISA rate of 6.15% has been available since July, i would be suprised if it was still available in March let alone in April.

Bhamstudent

Kazza,

FYI - National Counties have reduced their ISA rates - The Guaranteed ISA 07/08 now pays 6.01% and the 2nd Issue ISA now only pays 5.76%.

Kazza242

Bhamstudent wrote: »

Kazza,

FYI - National Counties have reduced their ISA rates - The Guaranteed ISA 07/08 now pays 6.01% and the 2nd Issue ISA now only pays 5.76%.

National Counties have withdrawn the Guaranteed ISA from sale, therefore I've removed it from the list. I've updated the Second Issue ISA rate to 5.76%.

More updates to follow tomorrow.