first direct ISA

SallyG

http://www2.firstdirect.com/1/2/savings/cash-isa?WT.ac=FSDT_CTA_SAV_CISA1002


"Cash ISA rates
Balance AER Tax free
£1+ 0.50% 0.50%
£5,000+ 1.20% 1.19%
£10,000+ 1.70% 1.69%
£20,000+ 2.20% 2.18%
£40,000+ 3.00% 2.96% "

Does that mean for £5760 subscribed it pays
a]1.19% on the lot
or
b] only 0.5% on £5000 and then 1.19% on £760 ?

innovate

1.19% on the lot.

Which is an insult and you can get double that elsewhere.

exel1966

SallyG wrote: »

http://www2.firstdirect.com/1/2/savings/cash-isa?WT.ac=FSDT_CTA_SAV_CISA1002


"Cash ISA rates
Balance AER Tax free
£1+ 0.50% 0.50%
£5,000+ 1.20% 1.19%
£10,000+ 1.70% 1.69%
£20,000+ 2.20% 2.18%
£40,000+ 3.00% 2.96% "

Does that mean for £5760 subscribed it pays
a]1.19% on the lot
or
b] only 0.5% on £5000 and then 1.19% on £760 ?

The FD Cash ISA is only worth considering if you have £40K+ to put into it. It's a very good rate compared to others for an instant access account.
Anything less then £40K you should consider other options. There are numerous accounts on the market paying better rates.

opinions4u

HSBC have just lopped over 0.5% off their top rate.

Expect First Direct to follow.

10_66

opinions4u wrote: »

HSBC have just lopped over 0.5% off their top rate.

Expect First Direct to follow.

Typical. I missed out on Halifax's 3 year fix 'cause my M&S didn't mature until this week, so opened first direct's instead. I'm sick of these rates.

opinions4u

10_66 wrote: »

Typical. I missed out on Halifax's 3 year fix 'cause my M&S didn't mature until this week, so opened first direct's instead. I'm sick of these rates.

A note for next time, Halifax allow a 60 day funding window on their FRISA.

katejo

innovate wrote: »

1.19% on the lot.

Which is an insult and you can get double that elsewhere.

I have just moved my Isa from FD for the first time after several years due to the sudden significant drop in rates in February

Mickygg

I've got my money in FD rather than major isa with Santander. With the announcement of the government lending until jan 2015 I wish I'd stuck it in Santander. I hope they don't but FD will surely drop the top rate at some point.

ColdIron

Mickygg wrote: »

I've got my money in FD rather than major isa with Santander. With the announcement of the government lending until jan 2015 I wish I'd stuck it in Santander. I hope they don't but FD will surely drop the top rate at some point.

The Santander ISA is more certain but I wouldn't feel too bad about the FD one. They offered the current rate when FLS was already operating, the extension doesn't really change anything except prolonging the pain for us savers. You might be fine just not sleep so well as Santander Major savers

Vladislavs

ColdIron wrote: »

The Santander ISA is more certain but I wouldn't feel too bad about the FD one. They offered the current rate when FLS was already operating, the extension doesn't really change anything except prolonging the pain for us savers. You might be fine just not sleep so well as Santander Major savers

and its not actually 3% on FD, its 2.96%
Santander got 3% exactly i know its little difference, but for 40k its 16£ difference. Just saying :money:

innovate

Vladislavs wrote: »

and its not actually 3% on FD, its 2.96%
Santander got 3% exactly i know its little difference, but for 40k its 16£ difference. Just saying

Rubbish. The AER is 3% at both.