Top Cash ISAs Discussion Area

gunmaker

savemoney wrote: »

http://www.cbonline.co.uk/personal/savings/tax-efficient-savings/cash-isa-fixed-rate-bond/

Cash ISA Fixed Rate Bond
Issue 14 - maturity date 29th January 2016

With our limited offer Cash ISA Fixed Rate Bond*, you
can earn 4.40% tax free/AER until 29th January 2016.
*subject to availability

I cant see any mention of whether you can make deposits for each year to the amount allowed tax free

can only apply branch none near me nearest is 139miles away

Although there is no mention in the website, as a rule you can't top up a fixed rated ISA annually. You make one investment and that's it for the fixed term. If you can top this one up then it's a good deal.

I have just found this in Clydesdale's FAQs:-

Can I subscribe to my Cash ISA - Fixed Rate Bond every Tax Year?

No. You may only make one subscription per tax year during the period the Cash ISA Fixed Rate Bond is available. If as part of your one-off subscription, you are utilising your current tax year allowance and you do not subscribe using your full allowance, you will be unable to utilise the remainder of your Cash ISA allowance for that current year.

It seems to suggest that if the Bond is available for more than one tax year then you can top it up. Although the offer is limited and will probably be soon fully subscribed.

flergalwit

10_66 wrote: »

It's listed on Kazza's "Best ISA's currently available" list

Thanks! That's good to know.

savemoney wrote: »

can only apply branch none near me nearest is 139miles away

Yorkshire, who are owned by Clydesdale, are offering exactly the same thing and they probably have a branch closer to you. (Still not allowed to post links, but again it's easy to find by googling.)

gunmaker wrote: »

It seems to suggest that if the Bond is available for more than one tax year then you can top it up. Although the offer is limited and will probably be soon fully subscribed.

That is my understanding too. I guess it makes sense. Since the maturity is a specific date (rather than a specific period after the deposit), as long as it's open you could just keep on opening a new account every tax year at the same rate. So they might as well make it easier by letting you deposit into the original account, as long as the offer is still open, as it makes no difference.

Let's just see if it makes it into the new tax year...

tyrion_2

Greetings, o ye knowledgeable ones.

I'm new to the forum and ISAs. Have read a lot about them in the guide and elsewhere so I reckon I'm fairly clued up (until it comes time to transfer, at which point I'll be back here for tips!). But I just wondered if anyone with experience has any ideas about when good offers become available? I noticed a couple of months ago there were 4.5% rates on 5-year fixed terms. Now much lower apart from the Clydes/York 4.4% for 4 years (no use to me as branch far away in the West End of London).

Is it likely that better offers will appear close to the deadline, in order to pick up business from savers looking to use their allowance before the end of the financial year? Or do providers issue purely based on their own circumstances?

sam-jennings

Apologies if this has been explained before. I've been looking around for the best ISA deals and I've come across one at NatWest. It's offering 3.35% for one year if you transfer money from another ISA. This seems to be much better than other rates mentioned on the site so am I missing a small detail which means I may not get this if I transfer money over from my Santander ISA?
Thank you in advance.

10_66

tyrion wrote: »

...Is it likely that better offers will appear close to the deadline, in order to pick up business from savers looking to use their allowance before the end of the financial year? Or do providers issue purely based on their own circumstances?

It's round about now that some of the better offers come along.

10_66

sam-jennings wrote: »

Apologies if this has been explained before. I've been looking around for the best ISA deals and I've come across one at NatWest. It's offering 3.35% for one year if you transfer money from another ISA. This seems to be much better than other rates mentioned on the site so am I missing a small detail which means I may not get this if I transfer money over from my Santander ISA?
Thank you in advance.

Aldermore also offer 3.35% 1 year fixed. The NatWest one won't start paying the 3.35% interest until 4 April 2012, if you opened it now you'd only be earning 0.50% up until then.

flergalwit

There's now an interesting new offer up on the Cash ISA page from NCBS: 3.7% AER with access, 99 days' notice. It's labelled "URGENT! 3.7% Cash ISA loophole".

pigeonpie

Not sure if CS means anything to you in dealing with a bank, but the Clydesdale nearly drove me insane (over 20 years). I'd not go near them again with the longest bargepole in the world.

I'm muddled so if someone could help with advice please - a few months ago I put this year's allowance into NR/Virgin, which is easy access, 2.85 no bonus.
I also have a 'dormant' cash ISA from 2009/10 earning 2.7% with HSBC. It's dormant because I didn't add anything over the previous tax year, so I can't add to it although it still earns that interest rate.

I see M&S now has a 3% easy access no bonus cash ISA, which allows transfers in. However, am I allowed to transfer this year's Virgin ISA and my dormant one into an ISA I open at M&S, or can I only transfer the dormant HSBC one?
thanks for clarifying

gunmaker

pigeonpie wrote: »

Not sure if CS means anything to you in dealing with a bank, but the Clydesdale nearly drove me insane (over 20 years). I'd not go near them again with the longest bargepole in the world.

I'm muddled so if someone could help with advice please - a few months ago I put this year's allowance into NR/Virgin, which is easy access, 2.85 no bonus.
I also have a 'dormant' cash ISA from 2009/10 earning 2.7% with HSBC. It's dormant because I didn't add anything over the previous tax year, so I can't add to it although it still earns that interest rate.

I see M&S now has a 3% easy access no bonus cash ISA, which allows transfers in. However, am I allowed to transfer this year's Virgin ISA and my dormant one into an ISA I open at M&S, or can I only transfer the dormant HSBC one?
thanks for clarifying

Providing the receiving Bank/BS will allow it, you are entitled to consolidate all your ISAs into one.

flergalwit

blueberrypie wrote: »

Yes. There is no limit on the number of ISAs you can *open* in any one tax year. The limit is on how many you can *subscribe* to.

Can I have confirmation on this? I've read things that appear to contradict it, saying you can only *open* one cash ISA per year, regardless of how many you subscribe to.

Is there a definitive reference that settles this matter either way?