Isa question

innovate

Financially_Clueless wrote: »

Where are the current accounts with 5/4%? I'm just trying to figure out the best way to get something back from my money.

You can look on the savings and bank account boards, use a fiancial comparison service, or go round the websites of the household names. Look for things like Nationwide FlexDirect, Santander 123, Lloys and BoS Vantage.

Financially_Clueless wrote: »

2.5% Santander a good offer then? Seems better then the 1.69% HSBC I currently have.

You could use one of the savings calculators to see the difference:
http://www.moneysavingexpert.com/savings/best-regular-savings-accounts#calculator
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#calc

Financially_Clueless wrote: »

My understanding was that ISA's were a good way to do that but as my name says I am Financially Clueless so any help you can offer would be greatly appreciated.

1. Read up about savings basics: http://www.moneysavingexpert.com/savings/
2. spend time reading through the MSE savings/banking boards
3. read the personal finance sections in the Sunday papers

Just some suggestions, there are others.

Financially_Clueless

Where can I see if HSBC charge to transfer an ISA to another provider.

penrhyn

They don't, and you transfer by asking your new provider to move your funds. A little more reading required.
.

Financially_Clueless

penrhyn wrote: »

They don't, and you transfer by asking your new provider to move your funds. A little more reading required.
.

So should I transfer to Santander? All I'm worried about is that the 2.5% rate will go down to 1.59% which I'm currently on now and if I were to transfer should I do it now or wait till the new allowance?

Financially_Clueless

I'm guessing the best way to play the game is to keep up with the best interest rates.

How have you guys been doing it?

Considering I'm just starting this ISA journey it would be helpful to know how others go about it.

Thanks in advance. FC

typistretired

Keep checking posts on this forum especially the following:-

https://forums.moneysavingexpert.com/discussion/401374

Plus sign up with the likes of http://www.savingschampion.co.uk

I also keep looking on the websites of banks to check their rates. But you will find that there are some users of this site who are faster posting good rates than any other money sites