Cash ISAs: The Best Currently Available List

royeee

Grrr, MSE has converted it to !!!!!!! again it was t-i-n-y-u-r-l (now leave that alone, MSE!).

Special_Saver2

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.

I have followed the links to Abbey's pages that bristolleedsfan gave and I cannot see anything that says that if you close the Abbey Direct ISA that you get a lower interest rate or lose your bonus interest. Please quote the exact line(s) that you are referring to. I am considering taking out this account (although thinking twice because of previous poor service I have experienced from Abbey).

bristolleedsfan

Special_Saver2 wrote: »

I have followed the links to Abbey's pages and I cannot see anything that says that if you close the Abbey Direct ISA that you get a lower interest rate or lose your bonus interest. Please quote the exact line(s) that you are referring to.

:T .........:T

travel_freak

Hi,

Reading through Kazza's excellent list at the top of this thread it seems that the Lloyds TSB fixed rate of 6.50%, which allows transfers in is the highest paying ISA at the moment (discounting the A&L 10% which has too many other conditions).

I have been building up my ISA contributions over the last 6 or 7 years and am just looking to re-home them to the best fixed rate - just wondering if people agree that the Lloyds one is the best option at the moment or would recommend any others?

I've seen a lot of people saying that interest rates are more like to go down than up so it seems to me that a 6.5 fixed rate might be better than going for a 6% (or thereabouts) variable rate (tied to the BoE rate) which is more likely to go down than up.

Would be really grateful for anyone's thoughts on this.

Has anyone got the Lloyds ISA already and could comment on withdrawal conditions etc. - is it instant access or on notice?

Many thanks in advance.

bristolleedsfan

travel_freak wrote: »

Hi,

Reading through Kazza's excellent list at the top of this thread it seems that the Lloyds TSB fixed rate of 6.50%, which allows transfers in is the highest paying ISA at the moment (discounting the A&L 10% which has too many other conditions).

I have been building up my ISA contributions over the last 6 or 7 years and am just looking to re-home them to the best fixed rate - just wondering if people agree that the Lloyds one is the best option at the moment or would recommend any others?

I've seen a lot of people saying that interest rates are more like to go down than up so it seems to me that a 6.5 fixed rate might be better than going for a 6% (or thereabouts) variable rate (tied to the BoE rate) which is more likely to go down than up.

Would be really grateful for anyone's thoughts on this.

Has anyone got the Lloyds ISA already and could comment on withdrawal conditions etc. - is it instant access or on notice?

Many thanks in advance.

http://forums.moneysavingexpert.com/showthread.html?t=725969

royeee

Special_Saver2 wrote: »

I have followed the links to Abbey's pages that bristolleedsfan gave and I cannot see anything that says that if you close the Abbey Direct ISA that you get a lower interest rate or lose your bonus interest. Please quote the exact line(s) that you are referring to. I am considering taking out this account (although thinking twice because of previous poor service I have experienced from Abbey).

I did not say previously you lose interest or bonus I referred to charges. Section 8 refer to ability to withdraw with a reference to see Section C which I cannot find. Section 9 refer to charges from Choice ISAs. The staff I spoke to on phone said that covers Direct ISAs but this isn't clear and I'm not convinced if that is understood because the person kept referring back to that document. I have found other ISA's T&C more definitive than this one. I don't sign up to anything unless I'm 100% clear.

TomJ

Woodyrocks wrote: »

Tom, I have £6000+ in Barclays to move out and I am able to deposit £3000 in a new ISA in one drop - would you say the above is the best for me? I can handle a fix term for up to 4 years if there is anything else out there that offers a good rate :T

Bearing in mind that I'm not a financial adviser, I'd have to say look around a bit to see if you can spot a better deal; however, it seems to me to be the best rate currently available and I'm transfering the cash from my existing ISAs (NS&I and Yorkshire BS) to the Lloyds acct. The other thing to remember is that a year after opening the Lloyds acct reverts to their standard ISA product, which is somewhat less than market leading, so I shall certainly be looking at transferring again in a year's time.

alanji

royeee wrote: »

I did not say previously you lose interest or bonus I referred to charges. Section 8 refer to ability to withdraw with a reference to see Section C which I cannot find. Section 9 refer to charges from Choice ISAs. The staff I spoke to on phone said that covers Direct ISAs but this isn't clear and I'm not convinced if that is understood because the person kept referring back to that document. I have found other ISA's T&C more definitive than this one. I don't sign up to anything unless I'm 100% clear.

Seems pretty clear in the legal details but the website is awful.
Transfer:
"17.1 You may ask us, at any time, to transfer all or part of your ISA to another ISA Manager approved under the ISA Regulations. You cannot partially transfer your Choices ISA. If you are transferring from a Choices ISA, paragraph 9 also applies. If you are transferring from a Super ISA, Direct ISA, Easy ISA, a Postal ISA or a Variable Rate TOISA, we will normally process your request within five Business Days of receipt, however you may request a date after this period if you wish. If you are transferring from a Choices ISA, you should give us at least six Business Days notice of transfer."
Withdrawal (in facts at a glance):
"If you need to take money out, that’s OK, but remember that amount of your ISA allowance will be lost and you can’t put it back in, in the same tax year"

FlyingDonkeys

Hi No one seems to mention annual charges on these ISAs! Does that not come into the equation when choosing one? Any info appreciated , thinking of going for Barclays and hope I'll remember to be that organised and switch on time!

jem16

Winner wrote: »

Hi No one seems to mention annual charges on these ISAs! Does that not come into the equation when choosing one? Any info appreciated , thinking of going for Barclays and hope I'll remember to be that organised and switch on time!

There is no annual charge on a cash ISA.

S&S ISAs have charges.