Top Cash ISAs

masonic

Ozzig said:

On the subject of the Natwest 5.9% 2-year fixed rate, any speculation / advice that could sway me from opening one now and funding when I get the money in a month's time?

You'll need to check the T&Cs, but it is unlikely that you'll still be able to add money to this fixed term ISA a month from now.

MDMD

masonic said:

Ozzig said:

On the subject of the Natwest 5.9% 2-year fixed rate, any speculation / advice that could sway me from opening one now and funding when I get the money in a month's time?

You'll need to check the T&Cs, but it is unlikely that you'll still be able to add money to this fixed term ISA a month from now.

As long as it is opened before it is withdrawn it appears payments and withdrawals are allowed until 1 September 

https://www.natwest.com/savings/isa-overview/fixed-isa.html#What-are-the-key-dates-of-a-fixed-rate-isa

PegasusPJ

Is it worth locking for 5 years? The rates are lower right now than for shorter, but likely are going to come down in the next couple of years, so what is now lower (5.26% for 5 years) could be way better than what is on offer in 2 years if opting for a 2 years fix at 5.81 now.
I won't need that money for the 5 years as aiming to save for earlish retirement (in 8 years) and got some other easy access for emergency.

Any thoughts? Are we likely to go back down to the poor rates? 

MiserlyMartin

I expect higher rates for the next decade. Some people are suggesting lower rates next year. I doubt it and even if so, it won't be as low as before - 2.5% at the lowest. I think rates will go to 6% + and stay there until Q4 2024 or even in 2025 before a cut into a recession, if we have one.  That's what I think they will do, but I think they SHOULD put rates to 8% now if they want to have any hope of getting inflation down. It's spiking up again. Maybe in the end they will have no choice but to get rates up there

NJHNJHNJH

This info is long out of date. Zopa reduced their 1 year fixed rate cash isa from 5% to 4.9% first thing YESTERDAY morning! There was still a provider offering 5% fixed yesterday so I nipped in quick with my £20k!!

Sithuk

The WestBrom Websave cash ISA (60 day notice) looks like a good option as it is paying 5.1% AER. Is there a reason moneysavingexpert doesn't include it as one of the top options?

qsk

Sithuk said:

The WestBrom Websave cash ISA (60 day notice) looks like a good option as it is paying 5.1% AER. Is there a reason moneysavingexpert doesn't include it as one of the top options?

Probably because it's variable rate and can/will go down soon?

joan1234

Looking at privacy policy for top cash ISA provider it states at point 8. "Any type of electronic communication such as letters, emails, chat messages, telephone conversations and private messaging services such as WhatsApp".- this is to market services to user. It is presumed this means only the emails etc between the bank and the user? Any advice much appreciated.

gravel_2

joan1234 said:

Looking at privacy policy for top cash ISA provider it states at point 8. "Any type of electronic communication such as letters, emails, chat messages, telephone conversations and private messaging services such as WhatsApp".- this is to market services to user. It is presumed this means only the emails etc between the bank and the user? Any advice much appreciated.

Can you provide more context? Like the name of the provider you have looked at or a link to the terms?

Also what specifically is your concern?

EDIT: of course it's T212.

You should read on:

Lawfulness of processing We will process your personal data ( to collect, use, store and transfer, if we may need to):
[...]
e. If you have given us consent – for example, for marketing and promotional purposes. We may contact you via telephone, email, private messaging services such as WhatsApp, or via the app to ensure you are up to date with our latest marketing offers. We may process your personal data for this purpose. Any consent given may be revoked at any time by you with future effect. You may simply email info@trading212.com to let us know your preferences or select the ‘unsubscribe link’ at the bottom of our marketing email communication to you

debjay

Sorry if this has been asked before. If I invest in the trading 212 cash isa, do I enable interest if I want the money saved in banks to get maximum protection?