Ignore Cash Isas

patalford

The rates this year are scandalous.
I am not playing.
Only way to send a message to these financial organizations.:(

MoneySavingUser

But if rates go up in the future you will have wasted one year's allowance!

MoneySaverLog

Not all rates, mine will be 3.7% and beats most of whats available for new money in the new tax year. But I agree the rates today are terrible. I'd consider putting in the full allowance into the S&S element this year if rates were below the RPI and take a punt on drip feeding into precious metal ETFs.

ColdIron

Some ISAs still pay better returns than most other savings products, what will you do with your cash instead?

MissyD_2

patalford wrote: »

The rates this year are scandalous.
I am not playing.
Only way to send a message to these financial organizations.:(

That's not going to help you.....! As ML would say "If you dont use it you lose it!

I've maxed out this year's ISA ages ago...... it's a Loyalty Reward ISA from Barclay's paying: 3.01% TAX FREE
Intro bonus 1% 12 months fixed included
Guaranteed to track at 2.51% above the base rate for 12 months & continue @ 1.51% above base rate until March 2014

& I can't find any ISA rate's for new tax year :shocked:

Santander's Direct ISA Saver seems to be the only paltry rate worth having.....but it it? For me I'm ok for this year, but I dread to think what's on offer in a weeks time:eek:

BLB53

The rates this year are scandalous.

Probably will be next year, and the year after... Why should they offer people 3% to look after their savings when they can get it off the government for just 0.5% under the Funding for Lending Scheme?

innovate

Cash ISAs are, by a long way, the best way to build up your rainy day funds, and/or to save for larger short to medium term expenditures.

It is ridiculous to suggest not using your cash ISA allowance would be "sending a message to these financial organizations".

Macca83_2

patalford wrote: »

The rates this year are scandalous.
I am not playing.
Only way to send a message to these financial organizations.:(

You're cutting off your nose to spite your face there

MissyD_2

innovate wrote: »

cash isas are, by a long way, the best way to build up your rainy day funds, and/or to save for larger short to medium term expenditures.

It is ridiculous to suggest not using your cash isa allowance would be "sending a message to these financial organizations".

hear hear!

kidmugsy

patalford wrote: »

The rates this year are scandalous.
I am not playing.
Only way to send a message to these financial organizations.:(

Ooh you are a tease.

j0nathon2

I don't think those organisations care, that's the whole reason rates are so low, they don't (directly) need me or you.