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MSE News: You've a new £15,240 ISA allowance - get 2.25% interest

Everyone aged 16 or over now has a brand-new £15,240 cash ISA allowance - here are the 10 need-to-knows ...
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You've a new £15,240 ISA allowance - get 2.25% interest

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Comments

  • jimjames
    jimjames Posts: 17,938 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Or a £15240 S&S ISA allowance?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I have put £300 into a new HSBC Loyalty cash ISA so I can cash in on the free tenners they pay every month for 12 months. The remaining £14,940 went straight into my S&S ISA.
  • jimjames
    jimjames Posts: 17,938 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Had a quick read of the link.

    Such a shame (again) of the missed opportunity to correct all the errors in the article when it was published before.

    MSE Helen, can you review and correct these ones:

    5% taxed, if you're willing to switch bank account
    Most people should grab up to 2.25% cash ISAs.
    EVERYONE aged 16 or over now has a brand-new £15,240 cash ISA allowance
    Do I have to keep the money in for a year to get the interest

    All these seem to cause confusion, especially the last one as some people seem to think it means they can get 12 months interest by putting money into an ISA on 5 April.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • badger09
    badger09 Posts: 11,435 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jimjames wrote: »
    Or a £15240 S&S ISA allowance?

    Or even better, 'A £15240 ISA allowance' ;)
This discussion has been closed.
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