Cash ISA is 3% any good??

6022tivo

My 3 year stepped thing I had with Northern Rock (Now Vermin Money) is/has come to an end.

I am looking at alternatives and found 3% with First Direct who I currently bank with anyway.

I can't find much better around at the moment, with least hassle?

xylophone

Vermin Money

King Rat?:eek:

6022tivo

xylophone wrote: »

King Rat?:eek:

He sure is.....

ColdIron

It's good but you'll need £40,000+

6022tivo

ColdIron wrote: »

It's good but you'll need £40,000+

I'll transfer over then.

This rate I assume is variable and is likely to change soon probably ?

Anything better around?Happy to lock in for a while.

Mickygg

How about looking at the top of the Isa forum and finding out?

jimjames

With all the talk of negative interest rates 3% sounds like a deal you'd want to snap up quick!

Jack_Griffin

Or here http://www.moneysavingexpert.com/savings/best-cash-isa

lisyloo

This rate I assume is variable and is likely to change soon probably ?

I think it's fair to say there will be downward pressure, but First Direct are not a cyncial organisation. They have won awards and are a very good bank.
I'd expect it to go down a little but would not expect them to act cynically, so a good bet IMO if you have £40K and if it doesn't go well you can always transfer again.

roddydogs

Jack_Griffin wrote: »

Or here http://www.moneysavingexpert.com/savings/best-cash-isa

Only one problem, the 3% FD deal aint there!

Gordon_the_Moron

If you have over £40k you won't get better than 3% at the moment anywhere else fixed or not. FD recently pulled their regular saver for new customers, though if you've got it you still keep it, they may well do the same for the ISA so grab it quick!