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The Top Easy Access Savings Discussion Area
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VfM4meplse wrote: »This is a very selfish attitude. Poverty here cannot compare with poverty in developing nations - I don't begrudge this in the slightest.
But it is not always getting to the people is it. A lot of it goes to the people who are causing the poverty by buying weapons and looking after their selfish needs. Charity begins at home."Look after your pennies and your pounds will look after themselves"0 -
Hi all
I am a little confused, I currently have £3000 in an AA Cash ISA (Issue 2) 2012-13, which is due to expire on the 28th March and the rate will drop to 1.7%, so I am in the market for an ISA for 2013-14, I completely understand how ISA's work up to the point on when to apply for one...
Santander seem to be the best rate for a 1 year Cash ISA but at the end of the application it says I am opening it for 2012-13?
Does this mean I have to wait until after the new tax year and then apply?
Thanks0 -
Dr_Frankenstein wrote: »I currently have £3000 in an AA Cash ISA
This thread is for discussion of instant-access savings accounts. The ISA sub-forum is a more appropriate place for your question.0 -
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Dr_Frankenstein wrote: »
Santander seem to be the best rate for a 1 year Cash ISA but at the end of the application it says I am opening it for 2012-13?
Yes, if you apply now, you are still applying for a 2012-13 ISA. You can go ahead and open it and then ask Santander to transfer your complete old ISA over, by filling in their ISA transfer form.
Best ask further Qs over on the ISA board.
BTW, Santander do not offer a 1-year cash ISA - - all that's on their site is an instant access one (2.5% AER), and 2-year one (2.8% or 3% AER, depending on whether you are a 123 customer).0 -
My wife and I will shortly be completing on the sale of our house, and will be renting for a while until we find another one to buy; we anticipate this to be within 6 months. We shall therefore have around £150K that needs to be:-
- As safe as is possible in these rather worrying times
- Easily accessible.
- Not liable to income tax
- Pays good interest (and bonus if applicable) monthly
We need to watch out for the £85K rule - been looking on the FSA site.
So I've narrowed the choice down to two possible accounts ...
Coventry BS, Online Saver (4). Currently 2%, incl bonus in 1st year. Covered by FSA. We could put £85K into here; no other money under this FSA license.
National Savings and Investments. Income Bond. Currently 1.76% on whole balance if £25K or more. We could put the remaining £65K in here. Not covered by FSA, but the claim is they are safe anyway.
So two questions really:-- Is the NS&I really as safe as it sounds, as good as the FSA backed firms?
- Can anyone spot any better returns than I've seen here?
Favours are returned ... Trust is earned
Reality is an illusion ... don't knock it
There's a fine line between faith and arrogance ... Heaven only knows where the line is
Being like everyone else when it's right, is as important as being different when it's right
The interpretation you're most likely to believe, is the one you most want to believe0 -
NS&I are an executive arm of the treasury so are as safe as you can get in the UK, it's probably safer in the first instance than the FSCS, but the lender of last resort in both cases would be the Bank of England and if we got to that stage we would be so much in the kack it would make little difference.The only real difference is the sum protected, 85K or, I think, 2 million0
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NS&I are an executive arm of the treasury so are as safe as you can get in the UK, it's probably safer in the first instance than the FSCS, but the lender of last resort in both cases would be the Bank of England and if we got to that stage we would be so much in the kack it would make little difference.The only real difference is the sum protected, 85K or, I think, 2 millionFavours are returned ... Trust is earned
Reality is an illusion ... don't knock it
There's a fine line between faith and arrogance ... Heaven only knows where the line is
Being like everyone else when it's right, is as important as being different when it's right
The interpretation you're most likely to believe, is the one you most want to believe0 -
Dr_Frankenstein wrote: »Hi all
I am a little confused, I currently have £3000 in an AA Cash ISA (Issue 2) 2012-13, which is due to expire on the 28th March and the rate will drop to 1.7%, so I am in the market for an ISA for 2013-14, I completely understand how ISA's work up to the point on when to apply for one...
Thanks
Before anyone complains Dr Frankenstein has not posted in the ISA part so I am answering here.
If it is due to expire on 28th March 2013, that means you took it out 28th March 2012 which would put it in the 2011 - 2012 tax year. So you should be able to take an ISA out for 2012-2013 and after April another ISA for 2013-2014."Look after your pennies and your pounds will look after themselves"0 -
typistretired wrote: »Before anyone complains Dr Frankenstein has not posted in the ISA part so I am answering here.
If it is due to expire on 28th March 2013, that means you took it out 28th March 2012 which would put it in the 2011 - 2012 tax year. So you should be able to take an ISA out for 2012-2013 and after April another ISA for 2013-2014.0
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