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At this rate, I think I might not bother with a cash isa this year and instead put 11K into my S&S ISA. More risk, but far better returns. I shall wait for the end of next week before deciding.
Well I've opened one just now. It's almost on par with the top rates and I'm a Nationwide customer so its convenient, plus after tax it beats Santander 123 and my 2.85% NatWest e savings.
Gives me somewhere to put the money from Nationwide's 6% regular savings when that ends in October. :beer:
I don't. I could make a loss, but that is the life of an investor.
However, for the previous 3 years my investments have easily exceeded savings rates. For example, over the last 2 years I've made about 15% return. Judging from performance, I'm estimating at least 5% over the next 12 months, but of course it could be higher or lower.
I see Nationwide have just emailed confirming this account will be 2.5%. Disappointing. Maybe its due to all the people transferring their cash ISA to the 4.25% ISA.
