Need a bit of advice.

annie12

Hubby has 2 cash ISA's £8197 @ 1.25% & £12019 @ 1%.
I also have one due to mature on 01/05/15 currently £11765.

My question is, do I transfer them into the best rate ISA or do I take the money out and put it into current accounts?

Are people moving their matured ISA's to another ISA or taking the money out to get a better rate?

I'm dithering and while I'm dithering, losing interest. :cool:

badger09

annie12 wrote: »

Hubby has 2 cash ISA's £8197 @ 1.25% & £12019 @ 1%.
I also have one due to mature on 01/05/15 currently £11765.

My question is, do I transfer them into the best rate ISA or do I take the money out and put it into current accounts?

Are people moving their matured ISA's to another ISA or taking the money out to get a better rate?

I'm dithering and while I'm dithering, losing interest. :cool:

If that's the total savings you have in cash, I would definitely use the high interest current accounts.

annie12

badger09 wrote: »

If that's the total savings you have in cash, I would definitely use the high interest current accounts.

It's not. We have £15,000 in a stocks and shares ISA (current value.)
£4,850 in an ISA fixed until 01/07/16
£15,000 in Santander 123 current account
£5,000 in Club Lloyds
£4,000 in Club Lloyds Reg Saver
£3,600 in First Direct Reg Saver X 2
£2,000 in TSB Classic plus X 2
£2,500 in TSB Classic plus X 2

Mortgage is paid off.
Endowment £15,000 due to mature OCT 2016.

jimjames

Do you need so much cash?

Could you keep the current accounts and move ISA into S&S ISA to keep tax wrapper.

annie12

jimjames wrote: »

Do you need so much cash?

Could you keep the current accounts and move ISA into S&S ISA to keep tax wrapper.

That's one of my dilemma's, and I'm not sure I'm confident enough to know which to go for though.
Hubby is self employed (consultancy) and while things are good at the moment I want to have enough cash should we need it.