New Question Added! 5 Year Virgin ISA @ 3%

RobStaffs

We never fix our ISA's beyond two years. I just dont think the incremental difference is worth it. This year I put all my allowance into Stocks and Shares but our both our acumulated cash ISA's are now two year fixes in concurrent years. I think rates will go up eventually.

fozziebeartoo

Thanks for the input from everyone.

I did opt for the fixed 5 years from Virgin.

Glad to have made the decision......now just waiting for the transfer paperwork to switch the money from Nat west to Virgin.

ScoobyZ

Old_Slaphead wrote: »

Or you could look at the Newcastle 5 year at 2.9% with 120 day penalty.

I've recently transferred my Nationwide Flexclusive isa there.

Psychologically I've deducted 1% off the balance so to me now it's a 2.9% instant access and I will only transfer once rates are higher than this (unlikely for a few years IMHO)

Yep hasdn't seen that one. Looks good. Also can you add to it every year (unlike the virgin one)?*

EDIT: just read this:

After placing your Investment in the Account you may make further deposits while the Account is a current issue, ISA limits apply. The Account is a limited issue and may be withdrawn at any time. We will not inform you when the Account becomes a closed issue. The Account is therefore not suitable for regular investments

bugbyte_2

Leeds 5 yr fixed issue 3 @ 3.05% is slightly better because you can withdraw up to 25% penalty free, then 180 days interest. Allows in transfers too.

Can't be bothered to do the maths but agree with other posters, 3% with 1/2 a years loss of interest is better than 1% as long as you keep the money in for over approximately 250 days.