Cash ISAs: The Best Currently Available List

royeee

humfer wrote: »

Great post kazza. Someone should make this a sticky. Still planning to transfer my A&L to Abbey, but my new money 07/08 now looks like its heading to Barclays and not NS&I anymore. I wonder if we will see any other banks/building societys upping their game before the end of the tax year....

I've looked at the Abbey ISA info on the web site, it doesn't say what happens if you want to transfer to another provider later (transfer penalty, when can transfer, etc). Anyone know?

foolsgold99

The Icesave ISA seems like a the best one to me. It also accepts transfers in and their service is good.

DemiDee

DemiDee wrote: »

Can someone tell me when I can put a new amount into my ISA? Is it strictly from 6 April only? If so, it means we have to thus draw out money beforehand, place it into a current account, and then finally transfer it to the ISA.

Can anyone here give me some advice on this please?

adgupta

Hi,

If I trasnsfer my existing ISA to A&L Direct ISA - would they backdate the interest from the date the cheque was sent (like lot of banks do)? Otherwise, potentially I may lose 30 days of interest when the money is in transit.

Thanks in advance,
adgupta

10_66

DemiDee wrote: »

Can anyone here give me some advice on this please?

If you have contributed the full allowance into an ISA for this tax year already (07/08) you will have to wait until 6 April before you can make any further contributions. If opening a new ISA, funds are usually paid from your bank account, so if you were to pay by cheque you'd need to make sure the funds were in your bank account ready for when the ISA provider presented the cheque.

royeee

royeee wrote: »

I've looked at the Abbey ISA info on the web site, it doesn't say what happens if you want to transfer to another provider later (transfer penalty, when can transfer, etc). Anyone know?

It has transpired that as the Direct ISA is a bonus account, if you withdraw any cash or close the account or transfer to another ISA before the end of the 13 month bonus period then charges are incurred so its not as attractive and flexible as it looks.

bristolleedsfan

royeee wrote: »

It has transpired that as the Direct ISA is a bonus account, if you withdraw any cash or close the account or transfer to another ISA before the end of the 13 month bonus period then charges are incurred so its not as attractive and flexible as it looks.

Please provide a link or quote from Abbey Webpage to back that statement.

royeee

From legal information and over phone: http://!!!!!!!.com/2aw6xt

bristolleedsfan

royeee wrote: »

From legal information and over phone: http://!!!!!!!.com/2aw6xt

http://www.abbey.com/csgs/Satellite?c=GSDetalleProducto&cid=1157695656134&idParent=1157695655413&pagename=Abbey%2FGSDetalleProducto%2FGS_DetProducto


http://www.abbey.com/csgs/Satellite?c=GSDetalleProducto&cid=1157695655417&idParent=1157695655413&pagename=Abbey%2FGSDetalleProducto%2FGS_DetProducto

royeee

Because of the long link i put up a !!!!!!! but MSE doesn't seem to like it or recognise it and convert to !!!!!!

The other thing about that Direct ISA is that interest is paid on 1st March annually.

NatWest's e-ISA advertise as 5.50% AER but actually the interest is paid monthly based on 5.37% Gross so leaving it for 1 year to add cumulatively it works out at 5.50% and you have to allow for interest % going up or down.

It seems to boil down to how flexible you want it and/or if you're happy to leave the cash alone until it 'frees up' (no charges).