Best ISA / Current Account?

Great-Scott

I wondered if anyone could give me some advice as to where to save my money? I currently have a Santander 1 Year Fixed Rate ISA ( 2012/13) at 3.5%. Unfortunately it doesn't look like anyone is offering anything close to the same terms this year!

Ideally I would like to sign up for another 1 Year Fixed Rate ISA rather than a 2 Year or longer ISA. Would I be right in assuming the best 1 Year ISA would still be with Santander at 2.5%?

Also I should still have some money left over to invest after putting the full amount in for the 2013/14 ISA. I've looked into which banks offer the best interest rate on current accounts and would I be right in thinking that the Santander 123 current account offering 3% between 3k and 20k is the best in the market?

I appreciate the help in advance, it's all a lot to take in!

david78

why fix? you can get 2.6% (variable) easy access at coventry

Great-Scott

Thanks for the quick reply!

With the 2.6% you've mentioned would that mean there's a chance the interest could go lower or even higher throughout the year? If that's the case what's the likely outcome, do the variable accounts often fluctuate?

badger09

david78 wrote: »

why fix? you can get 2.6% (variable) easy access at coventry

BUT the Coventry account you mention does not accept transfers in, which is, I think what Great-Scott is looking for.

Great-Scott wrote: »

I wondered if anyone could give me some advice as to where to save my money? I currently have a Santander 1 Year Fixed Rate ISA ( 2012/13) at 3.5%. Unfortunately it doesn't look like anyone is offering anything close to the same terms this year!

Ideally I would like to sign up for another 1 Year Fixed Rate ISA rather than a 2 Year or longer ISA. Would I be right in assuming the best 1 Year ISA would still be with Santander at 2.5%?

Also I should still have some money left over to invest after putting the full amount in for the 2013/14 ISA. I've looked into which banks offer the best interest rate on current accounts and would I be right in thinking that the Santander 123 current account offering 3% between 3k and 20k is the best in the market?

I appreciate the help in advance, it's all a lot to take in!

The Leeds BS Online Bonus ISA is paying 2.55%, and accepts transfers in.

Have a look at this thread - just the first post - its always up to date (thanks mainly to Kazza). It lists the best fixed, variable rate, instant access etc ISAs.

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

Variable rates can go down, but you can always arrange a transfer again.

To answer your other question, Santander 123, LTSB & BoS Vantage and Nationwide Flexdirect all pay decent interest on current accounts - higher than most savings accounts at the moment.