Cash ISAs: The Best Currently Available List

steady__eddie

Thanks edindie, I was going to ask this same question. I have received a flyer from N.C.B.S. re their Index Linked I.S.A. Accepts new money and old, indexation interest on maturity (measured by the change in RPI) and 2.6% annually from 1 October 2008 to maturity, (30/09/11).
They then go on to say, "That adds up to 6.7% AER assuming RPI inflation, which will vary over the investment period, remains at the May 2008 rate of 4.3% p.a."
Limited issue, available from 18/07/08 to 30/09/08 when transfers in must be completed (might be a prob if anyone wants to transfer from Nationwide :rotfl: ) Added benefit of "early investment" interest of 6.75% pa AER is payable until 30/09/08.
Details at www.ncbs.co.uk
If anyone wishes to draw an informed opinion re Leeds and ncbs, I for one would be awfully greatful as currently due to an attack of information overload in other areas, my brain hurts.

Milarky

... for 'new money' only - no transfers allowed - but they are offering 6.75% for 2 or 3 years on a minimum opening balance of £2000.

http://www.century-bs.co.uk/invfr.htm

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]Individual Savings Accounts (ISAs)
[/FONT][/FONT] [FONT=Arial, Helvetica, sans-serif]All the above accounts can be operated on a Cash ISA basis, subject to HM Revenue & Customs rules and limits.[/FONT]

You must contact them for an application for - or give them a ring.

Milarky

steady__eddie wrote: »

Thanks edindie, I was going to ask this same question. I have received a flyer from N.C.B.S. re their Index Linked I.S.A. Accepts new money and old, indexation interest on maturity (measured by the change in RPI) and 2.6% annually from 1 October 2008 to maturity, (30/09/11).
They then go on to say, "That adds up to 6.7% AER assuming RPI inflation, which will vary over the investment period, remains at the May 2008 rate of 4.3% p.a."
Limited issue, available from 18/07/08 to 30/09/08 when transfers in must be completed (might be a prob if anyone wants to transfer from Nationwide :rotfl: ) Added benefit of "early investment" interest of 6.75% pa AER is payable until 30/09/08.
Details at www.ncbs.co.uk
If anyone wishes to draw an informed opinion re Leeds and ncbs, I for one would be awfully greatful as currently due to an attack of information overload in other areas, my brain hurts.

I've only just seen your post but had already posted off my application to transfer maturing ISA to the Leeds! They are similar with differences..

Both: Minimum investments £1000, Maximum investments £3600 + past years'

Leeds: 2 years (1 August 2008 - 31 July 2010)
RPI + 2.5% (recieve 0% if RPI in particular year is below -2.5%)
Partial Withdrawals/Transfers/Early closure? Yes - reduced rate on withdrawn amount in the year in question. Past year's interest is capitalised and cannot be lost
Further transfers in after permitted? Possible as the word does not rule this out (will certainly ask them this)

National Counties: 3 (and a bit) years (up to 30 September 2011)
RPI + 2.6%
Withdrawal?: No - results in closure
Early closure/transfer?: Yes, but"no Indexation interest paid" [works like the Leeds - but only 2.6% pa paid up until maturity] Past years interest in only at '2.6% pa (fixed)' ALL indexation interest goes up the swanney
Further transfer in? Not after initial period

On balance, I'm sticking with the Leeds option because the flexibilty is there (eg to withdraw/transfer to another ISA around August 2009 with minimal (or no) loss of interest This is not possible with National Counties - where your rate for the whole invested term drops right off. Remember that that term is also 3 years rather than 2.

Of course it is possible to split your pot between the two. If inflation fell to 0.1% or less (very unlikely!) the NC ISA would be better. But if that were to happen after a year you could dump the Leeds and get the previous year's inflation on top - not so wityh National Counties

Milarky

Bath BS Premier ISA - 6.15% (fixed until 05.04.2009).:starmod:NEW :starmod:
Minimum deposit: £1.

..mentioned in Kazzas opening post. This is only correct for direct subcription - for transfers the minimum accepted is £1000

You may transfer other Cash ISA funds that are in your name from previous years. No partial transfers will be accepted. Minimum transfer of £1,000 required

Jonbvn

Ruffler Bank (30 days notice) cash ISA - 6.25% AER
Rate guarantee? No.
Minimum deposit: Now reduced to £9,000 see here. Operated via: Post.
Important: Have not subscribed to the Banking Code, but is a member of the Financial Services Compensation Scheme (FSCS).

The minimum deposit has now been reduced further to £3600.
http://www.rufflerbank.co.uk/deposits/isas.php

IggyB

Title says it all really!

Special_Saver2

Hopefully somebody out there will find the following information helpful.

New account...launched 01/08/08 - Kent Reliance Building Society Direct 65+ Variable Rate ISA - pays 6.31% annually (or 6.13% monthly, 6.31% AER) and no bonuses involved but... minimum age 65, minimum balance £30,000

Changed account...from 01/08/08 - Leeds Building Society Inflation Buster ISA - issue 5 withdrawn and replaced with issue 6 paying RPI + 2.25% (instead of the previous 2.5%)

Milarky

Special_Saver2 wrote: »

Changed account...from 01/08/08 - Leeds Building Society Inflation Buster ISA - issue 5 withdrawn and replaced with issue 6 paying RPI + 2.25% (instead of the previous 2.5%)

Does anyone (by any chance) have the terms and conditons for the 'Issue 5' to hand re. part withdrawals. I have posted that they are allowed according to what I read and the 'hit' from the loss of interest was slight. But the new issue 6 definitely says 'no withdrawals' during the term - just like the National Counties ISA. I'm stuck up a gumtree however since Leeds have not yet acknowledged receipt of my application sent 2 weeks ago. I've asked the desk to get them to check and confirm that either have it or never got it. If they have it then I can still receive the Issue 5 terms I've been told. But I can't rely on assuming that application was received (and currently sat in a pile of 1600) any longer. So I've started an application for the Slightly higher rate (but more restricted) available on the National Counties IFB ISA I asked today and they implied they were not going to pull this ISA iminently (at this rate) They seem to have a streamlined operation at present - you get your application form by first class post and I reason that I can always start two applications and pull one of them - but it shouldn't have come to this....

So on the old Leeds account, did it say you can make withdrawals pleasse?

Ta

steady__eddie

Opened mine in branch on Monday, well transferred to it from one that had matured with them last Friday so they let me have Issue 5.
Para 16 in exceptionally small print states :-"If you decide to transfer your investment or part of it to another ISA Manager,or make a withdrawl then for account transfers or withdrawls on or before 31 July 2008, you will receive Bank of England Base Rate on the amount transferred or withdrawn. For account transfers or withdrawls between the Strike Date and 31 July 2009, you will receive the interest that is credited to the account on 31 July 2008, plus 2.5% tax free* p.a./AER on the amount transferred or withdrawn. For transfers or withdrawls from 1 August 2009 to the Maturity Date, you will receive the interest that is credited on 31 July 2008 and 31 July 2009, plus 2.5% tax free* p.a./AER on the amount transferred or withdrawn."
Would have replied sooner but I couldn't find my magniying glass.

Milarky

Thanks. I've just read the cnew account terms and I was wrong about them changing - they are the 'same' but with amended 'strike' dates and index uplift rates.

So with both issues you have (in reality) the option of a 1 year or 2 year tie-in - because if you time a transfer to the anniversary of the strike dates (1 August 2009 for Issue 5, 1 October 2009 for Issue 6) you would get all the interest capitalised ('inflation+') for 1 year. That is a valuable feature if inflation shows sign of turning around sharply only 12 months from now....

By comtrast, the National Counties offers 0.1% pa more but is for 3 years and part withdrawals result in closure - with only 2.6% pa payable between 30 September 2008 and that date....