Advice on New Fiscal Year ISA Accounts

Cpu2007

Hello everyone

Now that the new financial fiscal year has started, my lloyds isa accounts has dropped to 1.5%; I can get it back to 2% but was wondering if there are better accounts with better rates.

On the MSE article on the ISA accounts I've noticed that the one giving the most are only around 2.5%.

Is it there anything better or the article is really up-to-date?

ColdIron

Kazza's sticky at the top of the board is pretty excellent
https://forums.moneysavingexpert.com/discussion/401374

Cpu2007

thank you

what does it mean "rate guarantee?no"?

Mickygg

Cpu2007 wrote: »

thank you

what does it mean "rate guarantee?no"?

Erm, well as it says. Is the rate guaranteed, no.

Cpu2007

well i'm aware of the literal meaning but it sounds like it contradicts what I hear about ISA all the time.

if they say they'll be giving 2% IR and then they say is not guaranteed, wouldn't that defeat the purpose of searching the best rate as it might not guarantee you the profit that a lower interest rate would have got you?

Cpu2007

I think cheshire seems to be the best option for me(hoping that they accept it); the only problem is that it's not convinient as lloyds where I can access everything online.

I'd like to trasfer my cash isa from lloyds to cheshire, I've heard that some charge for transfer but after checking my bank I didn't see anything that they they charge. Does anyone know whether lloyds charges for transferring cash isa?

badger09

Cpu2007 wrote: »

I've heard that some charge for transfer but after checking my bank I didn't see anything that they they charge. Does anyone know whether lloyds charges for transferring cash isa?

I don't know of any bank/building society which charges to transfer a cash ISA (S&S ISAs are entirely different of course)

If you want to close or transfer a fixed rate/fixed term cash ISA before the fixed term ends, there is often an interest penalty to pay -but that's not a 'charge' as such.