MSE News: More providers pledge to provide Help to Buy ISAs

eskbanker

MARTYM8` wrote: »

Frankly any one with any [STRIKE]sense[/STRIKE]desire to fill up standard cash ISAs rather than potentially getting better rates elsewhere will opt for Nationwide or Aldermore - as you can also have a normal cash ISA as well with them and thus be able to take advantage of your full annual ISA allowance (i.e. £13k more) via a cash ISA rather than the maximum £1,800 you could pay in this year and £2,400 next via the help to buy isa.

Fixed that for you

Archi_Bald

MARTYM8` wrote: »

Frankly any one with any sense will opt for Nationwide or Aldermore - as you can also have a normal cash ISA as well with them and thus be able to take advantage of your full annual ISA allowance (i.e. £13k more) via a cash ISA rather than the maximum £1,800 you could pay in this year and £2,400 next via the help to buy isa.

Where's the sense coming into it?

Why would anyone put money into a cash ISA when they can get lots more interest outside it?

MDMD

MARTYM8` wrote: »

On the other hand they might want to compete for first time buyers by offering good rates - on the basis that if they get your help to buy ISA investment you are more likely to take out a mortgage with them.

It is only the Daily Mail, but

http://www.dailymail.co.uk/money/mortgageshome/article-3332625/Greedy-banks-plotting-boost-profits-pinching-Government-tax-break-meant-help-time-buyers.html