Cash ISAs: The Best Currently Available List

moneymass

Good afternoon all,

I want to move my ISA from HBOS
which stands thus;

-Halifax ISA Saver
-balance £xxx (few hundred)
-poor interest rate
-have made NO payments to it since 2005 (obviously interest has been accredited)
-have WITHDRAWN £720 since May this year*

(*Last year as a student, these withdrawls were sadly necessary)

Now it's time for my money to work for me.

New ISA wishlist
-So I need a provider that will take my balance from HBOS
-Not a monthly set deposit
-Will most likely dump around £2000 into it once it's been transferred to new vendor and then fill the rest of the allowance up the month after.
-Shouldn't be needing to make a withdrawl (So will consider locking away for a year)
-online setup and access
-good,reliable online facilities
-reliable change over

I have looked through the list and there have been a couple of promising ones but I've checked the vendors sites and some of the details seem to have changed (min deposit and rate) so I was wondering for some guidance/personal experience

(I have read most of this thread but alot doesn't apply now)

Have already started the process for my regular savings account (KE) so just need to get the ball rolling this and i'll be well on my way.

Many thanks

Jonbvn

^^Bump^^

^^Bump^^

Nomad25

Kazza - can't thank you enough, I've used your list so much. Not sure if this is the place to post change of rate. Today went to Principality website to download isa app form and noticed the fixed rate [to April 09] is now down to 6.25% [from 6.35%] issue 39. Back to Britannia.

The_One_Who

I am wanting to transfer my ISA and actually start using it now that I know what I want to do with my money. Basically, I'm looking for one that can let me transfer in, has a decent interest rate (don't mind yearly or monthly) and can be opened/operated in-branch or via internet. Apart from that I don't really mind, and will look at all the options before deciding which one is for me. I just don't really know where to start! I don't mind if it is one of these ones that are fixed for a year, as long as the interest is good. I won't be needing the money for another couple of years.

Can anyone point me in the right direction? I'm getting a bit confused!

Jonbvn

Look at the first page of this thread it is all there!

RayWolfe

Have you tried the beginning of this thread?
If that doesn't help you - and it should - try here:
http://www.moneyfacts.co.uk/searches/savings.aspx

The_One_Who

Yes, I've tried the beginning of the thread. Although it might be a bit outdated with regards to interest rates. Or maybe I'm just looking at the wrong thing.

EDIT: I'm wondering whether or not a fixed rate term would give me a better interest rate than a normal one. Since I don't need the money for a couple of years I could put some away, with (fairly) regular deposits, but wouldn't need to take any of it out. I just don't have a lot of money for the initial deposit.

neas

Im intrigued by the Leeds Inflation rate one, but you have to lock in money for 2 years or you receive no interest at all.

Of course theres the current risk that we could head for a deflationary style economy as global recession hits and nobody has money etc., Then you get nothing.

Also We have a 5.4% RPI atm... but is this a monthly term or a yearly term?

for a high inflation to occur for 2 years ecverything must just keep rising and rising.... if we have 5% now and then food prices stop going up and oil stops going up... then inflation will start falling and so will your overall interest rate.

KiKi

Hi

For anyone who took out the BMW 6.7% fixed term ISA in 2007-8 and doesn't yet know, the ISA matures today and I've been told it matures into a new 6.3% fixed term account (fixed til November 09). However, this new 6.3% ISA (unlike the previous one) accepts transfers in.

So, I for one will certainly be closing the farce of a Barclays Tax Haven ISA and transferring my 2008-9 cash into the BMW one!

Wasn't sure if this was something that BMW communicated to everyone who held that ISA, so thought I'd share here, just in case.

Cheers
KiKi

Kazza242

The first post of this thread has been updated to include the new Post Office mini cash ISA, paying 6.25%. The rate includes a 1.50% bonus payable for the first 12 months.

A number of ISA rates have changed this week, so they have all been updated too.