Cash ISAs: The Best Currently Available List

isofa

iereboy wrote: »

Skipton BS and Julian Hodge bank are both offering 6.5% fixed rates. Is that any good? Never heard of those banks b4. Newbie here...

Skipton are excellent, a very good BS, (recent thread here) don't know much about Julian Hodge, search the forums and you'll find some info I'm sure.

Kazza242

Hi all,

I've done a major update to the first post of this thread and will update it again at the weekend.

I haven't been around a lot recently as other more urgent things have needed my attention over the last few months. Once that's resolved I hope to be around more often again.

Thanks to you all for supporting the thread.:T

RayWolfe

Thanks Kazza and welcome back.

purplestar133

Thanks Kazza, appreciate it :A

bryanb

Hi Kazza, Couldn't find Nationwide in the first post. I know they've got problems but what is the current situation please?

isofa

bryanb wrote: »

Hi Kazza, Couldn't find Nationwide in the first post. I know they've got problems but what is the current situation please?

Their 1, 2 & 3 year fixed term ISAs are at 6.15% (annual interest).
Their instant access ISA is at 4.8 to 5% depending on the balance.

All listed on their rate tables: http://www.nationwide.co.uk/savings/rates.htm listed as "apply in branch" only.

Kazza242

bryanb wrote: »

Hi Kazza, Couldn't find Nationwide in the first post. I know they've got problems but what is the current situation please?

As mentioned above, Nationwide are still offering their 6.15% fixed rate ISAs. I removed it from the list this week because of the problems that MSE members have reported with slow transfers and the difficulties experienced getting funds returned to them. I may add it again in future.

edindie

What's people's opinions of index linked ISAs? Leeds BS are offering an RPI+2.5 which I think comes out at about 7%. It’s supposed to be for 2 years, but if you close it after the first year you get a full 12 months worth of interest still.

isofa

edindie wrote: »

What's people's opinions of index linked ISAs? Leeds BS are offering an RPI+2.5 which I think comes out at about 7%. It’s supposed to be for 2 years, but if you close it after the first year you get a full 12 months worth of interest still.

With inflation rising, at the moment it's a good idea in principle, depends what it'll be like in 12 to 24 months time. If you look at NS+I tax free savings certificates, these are currently 1%+RPI (3 and 5 year terms).

RPI was 4.8% in June.

Inflation stats: http://www.statistics.gov.uk/CCI/nugget.asp?ID=19

Old_Yorky

edindie wrote: »

What's people's opinions of index linked ISAs? Leeds BS are offering an RPI+2.5 which I think comes out at about 7%. It’s supposed to be for 2 years, but if you close it after the first year you get a full 12 months worth of interest still.

The way I read the detail it is "the %change in RPI between 04/08 and 04/09 +2.5%" not RPI + 2.5%. Therefore you could end up with something less than 2.5% if the RPI drops in 04/09

Am I missing something?.