Cash ISAs: The Best Currently Available List

WillieL

See http://forums.moneysavingexpert.com/...69&postcount=1

Quote:
Fixed rate mini cash isa's that accept transfers in:

If you are choosing a fixed rate mini cash ISA - do ensure that you can leave the money untouched until the ISA matures, as making a withdrawal or transferring out before the ISA has matured will usually incur a loss of interest penalty.

1 Year Fixes:

Birmingham Midshires Fixed Rate ISA - 6.15%
Minimum deposit: £1.
Notes: Fixed for one year from ISA opening.
End quote******


Birmingham Midshire fixed rate no longer available.

Very difficult to find a fixed rate ISA that accepts transfers.

Baldur

WillieL wrote: »

Very difficult to find a fixed rate ISA that accepts transfers.

The Halifax FRISA Saver does, if still available.

CYPER

I have around £7000 to invest right now (I'll open my ISA + one more from my mom so I can invest the whole amount.), so can you please tell me if THIS is the best product on the market for me. I'm looking for the highest rate with a stable bank (not that we can speak of any stability right now). I don't think I'll need the money in the next 1 year, so no withdrawals (if anything arises I have backup means for financial support anyway)
Also about this maturity - If I open the account now, does this mean I'll get the earned interest + my money in exactly one year (in the middle of the 2009/2010 financial year)?
And just to make sure after 05.04.2009 I'll be able to open another ISA account under my name and invest £3600 more if I have them, right?

Thank you.

Baldur

CYPER wrote: »

I have around £7000 to invest right now (I'll open my ISA + one more from my mom so I can invest the whole amount.), so can you please tell me if THIS is the best product on the market for me. I'm looking for the highest rate with a stable bank (not that we can speak of any stability right now). I don't think I'll need the money in the next 1 year, so no withdrawals (if anything arises I have backup means for financial support anyway)

Whether it's the best for your circumstances (or not) is your decision.

Also about this maturity - If I open the account now, does this mean I'll get the earned interest + my money in exactly one year (in the middle of the 2009/2010 financial year)?

Yes, the matured funds (including interest) will revert to an ISA Easy Saver account, where you can leave them or transfer them elsewhere if you wish.

And just to make sure after 05.04.2009 I'll be able to open another ISA account under my name and invest £3600 more if I have them, right?

Yes - from 6th April 2009.

CYPER

Baldur wrote: »

Whether it's the best for your circumstances (or not) is your decision.

I somehow expected a reply like this Well then in other words put - is there an ISA on the market with a higher fixed interest that doesn't tie your money for more than a year?

Thank you

BiggaThanBen

WillieL wrote: »

Birmingham Midshire fixed rate no longer available.

Very difficult to find a fixed rate ISA that accepts transfers.

I think the only one remaining is Halifax, but they don't fix the rate at the time you apply, but when the transfers completes (~3 weeks) and about to change the current rate on the 17th (not confirmed info from another thread)

MarkyMarkD

Kazza242 wrote: »

Kent Reliance fell off the list during last month's updates when the other providers were paying a minimum of around 5.50%. I've added the Direct ISA back onto the variable rate section as it is again currently competitive with the other variable rates on offer. I've also added the Newcastle Building Society 6.00% ISA to the list.

More updates to follow at the weekend...

Why not the under 25s one too as the rate is 0.50% higher?

Baldur

MarkyMarkD wrote: »

Why not the under 25s one too as the rate is 0.50% higher?

The under 25s product is geographically limited in its availability, as accounts can basically only be opened & operated in Kent, unlike the Direct ISA, which is available by post:

Important : This account can only be opened and operated through our branch and agency network For an application form and/or transfer forms you can simply pop in to our branch or one of our agencies

tiptoe_mouse

Strange - I've just had a look at this page http://www.krbs.co.uk/directvarunder25.aspx and it says

This account can only be opened and operated by post through our Head Office.

tiptoe

blizeH

Hi,

I'd like to find somewhere to transfer my Icesave ISA cash into - I'm currently leaning towards Principality, since they pay a rate of 5.50%, and also accept transfers in. I already have an account with them too (the e-Saver) so it'd be quite convinient, but I'm concerned they haven't dropped their rate yet and it could plummet, any advice please guys, or is it going to be almost impossible to get a consistently good rate from now?

I don't really fancy anything with catches of any sort, including bonuses or withdrawal limits or notices - even though I won't be withdrawing any time soon it's nice to have the option there

Thanks!