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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  • jimjamesjimjames Forumite
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    Or a £15240 S&S ISA allowance?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Archi_BaldArchi_Bald Forumite
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    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.
  • jimjamesjimjames Forumite
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    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.
  • badger09badger09 Forumite
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    jimjames wrote: »
    Or a £15240 S&S ISA allowance?

    Or even better, 'A £15240 ISA allowance' ;)
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