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NS&I increase Direct ISA rate to 6.30%
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I just love this ISA :j0
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I hope Egg will also increase their rate..0
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From the horses mouth.
Interesting to note that if you are a higher rate tax-payer, this ISA now has an equivalent to a gross rate of 10.5%.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
From the horses mouth.
Interesting to note that if you are a higher rate tax-payer, this ISA now has an equivalent to a gross rate of 10.5%.
The reason the state that is because you would have to find a savings account thats deductable of tax of a rate of 10.5% for higher tax payers to match this ISA for returns.Had £80,000 in Savings - All GONE!!! BYE BYE:A Single, 27, Aspie, Gooner :A0 -
This is the reason that I chose NS&I for my money this year.0
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The reason the state that is because you would have to find a savings account thats deductable of tax of a rate of 10.5% for higher tax payers to match this ISA for returns.
I know! I know! You are preaching to the converted.
I thought it was important to highlight the enormous effect tax has on savings interest. This one of the reasons I always mention (tax-free) index linked certs (after ISA's) when people ask about where to put several k's of cash.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
lovely more pennys to earn!!!Oh well we only live once ;-)0
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Its kind of weird that i am drawing out my premium bonds from NSandI to put into an NSandI Direct ISA, had enough of premium bonds cos i aint winning anything.Had £80,000 in Savings - All GONE!!! BYE BYE:A Single, 27, Aspie, Gooner :A0
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Its kind of weird that i am drawing out my premium bonds from NSandI to put into an NSandI Direct ISA, had enough of premium bonds cos i aint winning anything.
Not weird smart! After all you are taking money out of their worst (arguable) product and putting it into their best.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
It is getting closer and closer to my lloyds regular savings rate.....
8% v 7.87%
Olly## No signature by order of the management ##0
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