ISA's but next year, not this?

skelrigg

I must be the odd one out!
As a keep saver and interest rate tart, I am always chasing the best deals for ISA's, nothing strange there, but, at the start of each tax year I invest the maximum in ISA's, so at the end of a tax year, i am not interested in deals that are only on until April 5th.
I want to know where to put my cash on April 6th, particularly the 'new' money.
Is anyone else in this position, what do you do?:beer:

eskbanker

I've been in the same boat as you in previous years but, given current poor cash ISA rates, many people on here are keeping money in interest-bearing current accounts for a better short-term return, with a view to committing to cash ISAs only at the end of the year rather than the beginning, or even giving cash ISAs a miss altogether in favour of S&S ones.

Vortigern

skelrigg wrote: »

I must be the odd one out!

I want to know where to put my cash on April 6th, particularly the 'new' money.

Is anyone else in this position, what do you do?

You're not alone. I'd prefer to pile in at the start of a year, but not this year!

I'll wait for a better rate to come along. Meanwhile I have to decide what to do when Santander's Major ISA matures. I might have to accept their 2.3% 2-year deal for Select/123 customers.

Will there be better rates for those who start an ISA at the beginning of a tax year? - or those who wait for the new limit in July? Who knows?

moneyfoolish

I was like yourself but with the rates we've been seeing over the last few years I've been moving money out of ISAs into things like Santander 123 accounts. Now the new ISA is up to £15,000 per year it will be easy enough to move money back pretty quickly for the average person who doesn't have savings in the hundreds of thousands.

bristleposh

Sorry, I just found the answer I was seeking in another thread, please accept my humble appologies