Interests: from ISA to saving accounts

cisko65

Hi
My £60,000 ISA account will soon get only to 1% interest. I already have three high interest saving accounts (Santander 123 3%, Nationwide 5%, TSB 5%). What could I do when closing the ISA? Even if I open another high interest current account (for ex. 5% Club Loyd's) I will have to find the best solution for £57,000 and I am not very good for investing.
Thanks.

colsten

Start here: https://forums.moneysavingexpert.com/discussion/5374614

Also consider investments some of your cash as keeping everything in cash is not necessarily the best idea.

xylophone

Would you be prepared to consider transferring half of the maturing ISA to a stocks and shares ISA?

http://monevator.com/vanguard-lifestrategy/

http://monevator.com/category/investing/passive-investing-investing/

http://monevator.com/find-the-best-online-broker/

Lloyds Club, a couple of Tesco, up to three BOS could be possibilities for the rest.

Vortigern

As a first step, move the cash ISA to the current issue of the Nationwide Flexclusive ISA. It pays more than 1% and gives you the flexibility to move cash temporarily out of the ISA and replace it before the tax year end.

cisko65

Thank you to all of you. Three good idea to look into.