NISA or Santander 123?

Herbalus

Yes but you can't put anywhere near the £17k in it that the op said at the start.

bryanb

Herbalus wrote: »

Yes but you can't put anywhere near the £17k in it that the op said at the start.

I put 15k in yesterday. Is that near enough?

ceredigion

bryanb wrote: »

Coventry reward ISA Instant access- 2.5%.
I have one, but it's only for customers who had an ISA with them on a date I can't remember

4 February 2013.


missed by 7 days

Herbalus

bryanb wrote: »

I put 15k in yesterday. Is that near enough?

Well, yes. Fair enough! I actually thought you were talking about Nationwide (I didn't look on the last page to confirm).

But the Coventry one is unavailable to a lot of people, hence why it isn't included in best buys, and probably isn't useful for the OP - unless they had a Coventry account on 4th Feb 2013?

FWIW I have an ISA paying 3% that I'm still putting money in, and I can access it whenever I fancy. But that's not available anymore, which is why I didn't mention it.

Archi_Bald

Herbalus wrote: »

But that's not available anymore, which is why I didn't mention it.

Oooooh go on, whatever happened to bragging?

brewerdave

Well, after more reflection I've decided to leave the money in the 123 current account until 29th August ...I'll then top up the ISA!
SHOULD be able to get the money back in the 123 account by next April -then the debate starts all over again!:rotfl:

Herbalus

Archi_Bald wrote: »

Oooooh go on, whatever happened to bragging?

Well, you have the non-ISA version of the account if I recall correctly, and it comes from up north

Edelman

Ok final question on this:

Santander's 3% (variable?) account, or a 1.5% ISA?

I don't know the maths. If you invested £100 in each, which would earn you the most, after deductions (Santander tax) ?

Gromitt

Edelman wrote: »

Santander's 3% (variable?) account, or a 1.5% ISA?

I don't know the maths. If you invested £100 in each, which would earn you the most, after deductions (Santander tax) ?

Well that would depend on your deductions, yes?

Assuming 20%, then 3% turns into 2.4%

I'll let you do the maths to find out which is best

Edelman

So even tho the other one is tax free, even over a few years, 3% taxed is better.

Cheers.