A stupid move?

T3B3

Thank you for replying everyone.

I am currently a basic tax payer therefore the 123 account will still be better than current cash ISA's, especially with the cash back offers currently available.

There has been some discussion on the importance of keeping my allowance for 2012/2013 however I am not looking for a long-term investment as I plan to buy my first house in 4 years time. With only £11000 sitting in cash I can spread it across current accounts and regular savers account and take advantage of the offers (albeit 1 year terms) which beat the Cash ISA interest rates.

ATM I can currently save £1100/month therefore these accounts will fill up quiet quickly and so I have been looking at drip feeding a S&S ISA.

I haven't closed the ISA yet as I have heard Nationwide had made a mistake by paying all accounts interest FlexDirect. Will be making a quick call shortly to confirm this.

Many thanks again guys

T3B3

Just got off the phone to Nationwide and my accounts will all be paying 5% for 1 year as they were open before the 8/03/2013. Therefore my ISA will be cashed in and transferred into my FlexDirect accounts.

BR

:money:

srcandas

T3B3 wrote: »

Just got off the phone to Nationwide and my accounts will all be paying 5% for 1 year as they were open before the 8/03/2013. Therefore my ISA will be cashed in and transferred into my FlexDirect accounts.

BR

:money:

Go for it hombre. A decision based on research. At least you should beat inflation. And who knows what the world will look like in a year.

And good debate on this thread. I try to remember people who have different views to me but are civil. Here there was more than one

Perhaps we need a civil icon as well as a thanks icon? :beer: