Santander ISA's launch on 8th March

gwapenut

Maybe it's the risk of online fraud too with potentially huge cash pots.

Frankly, I don't know what I prefer. I hate the idea of online ISAs for fear of fraud, but worry when I don't hear from annual-statement providers like M&S in case someone has raided my offline ISA without me realising.

On some ways, Santander's rule is the best of all worlds - I can check my balance periodically to reassure myself it is there, safe in the knowledge that the ease of online checking does not pose a security risk.

Paranoid, yes. But there is far too much at stake when your life savings are online!

bigfreddiel

innovate wrote: »

However, given the kind and number of questions I have seen here about cash ISAs over the last year, I have sympathy for the Santander nanny-approach.

too right, just imagine how many people not on this board - they are completely ignorant in my opinion, in fact mosy people i speak to haven't the faintest clue about isas, pensions, tax or whatever, and I work with degree educated people - it's just amazing the financial ignorance out there - thus the need for ifa's and rfa's

see ya

fj

innovate

gwapenut wrote: »

Maybe it's the risk of online fraud too with potentially huge cash pots.

Can't be that, there is no restriction on e-savers, which can have equally huge sums in them.

gwapenut

innovate wrote: »

Can't be that, there is no restriction on e-savers, which can have equally huge sums in them.

Of course, they wouldn't be e-savers then!

innovate

bigfreddiel wrote: »

thus the need for ifa's and rfa's

Yes, and education, education, education.

The stupid Press could do a lot more as well. But they sell more papers if their headlines are about Justin Beeber's cold and Jordan's latest boob job.

funnyguy

Has she had another boob job again?

gwapenut

Not more inflation I hope

Ellierose1

Restrictions on online transfers out are very important especially with how the average person documents their online credentials. Keep getting emails from coop and first direct asking to confirm personal details and passwords and I don't have any accounts with either. Extra security for me is better and only wealthy, think I'm extra important customers get frustrated by additional security to ultimately protect them.

Robin_TBW

2.5% for an access account? I've currently got what I plan on putting into the 2013/14 ISA in a 2.85% Natwest eSaver. Only a 0.07% difference between the two when taking the tax into account on it. Rubbish.

innovate

2.85 minus 20% is 2.28, 0.22% difference

Still only minute - - but don't forget, your money can be tax-free for life in an ISA. A lovely bonus to have as your ISA balance grows, and as you might go into a higher tax bracket.

If you are after better interest, should you have you money lingering in a 2.85% easy access account, when you can get 3%, or even 5%, elsewhere?