Top Cash ISAs Discussion Area

jessica-jane

Hi,

I am trying to find best ISA rate for the new tax year. I have had a look and to me it looks like Barclays and Santander may be the best. But they all confuse me by the different sorts. I want a variable rate ISA preferably, I have 14,000 to transfer in from last years ISA. I am sceptical about Barclays having previously held a current account with them and they're customer service was appalling at the time. Which Variable ISA's would people advise?

The_Enforcer

jessica-jane wrote: »

Hi,
Which Variable ISA's would people advise?

Cheshire BS ISA Saver (issue 3) - 2.30%
Rate guarantee? No. Rate effective from: 06/04/2013.
Minimum deposit: £1,000+ (to qualify for the higher rate). Operated via: Post or Telephone.
Important: Rate includes a 1.80% bonus until 31/10/2014.

jrh2254

I notice that the best 5 year fix is quoted on the website as Principality but I think the Virgin deals beats this hands down as its 3%, and only 180 days loss of interest on amount withdrawn?
Details :
Virgin Fixed Rate Cash E-ISA Issue 42
Rate Term/Notice Access Min and max balance
3.00% AER1
3.00% Tax-free3 P.A. Fixed until
24th May 2018 Online
£1 - £2,000,000
Minimum of 30 days to deposit from account opening date
No initial deposit required
180 days loss of interest on withdrawal amount
Account can be withdrawn at any time

SUEWAR

i thought the government said that isa s are secret and dont have to be declared to anyone. Now the dole office have found out that i have an isa and want to know how much money i have in it. if its over 16000 they will stop my dole.

Consumerist

SUEWAR wrote: »

i thought the government said that isa s are secret and dont have to be declared to anyone. Now the dole office have found out that i have an isa and want to know how much money i have in it. if its over 16000 they will stop my dole.

ISAs are not "secret" but don't usually need to be declared to HMRC when making a tax return. They are, however, savings in just the same way as any other savings and are therefore part of your capital.

Edit
Income-based Job-seeker’s Allowance’ is based on your income and savings. If you have savings over £16,000, you can’t usually get income-based JSA. Below this limit, for each £250 of your savings over £6,000, your benefit is reduced by £1 a week.

DragonQ

Same with HC2 certificates - you can't get them if you have £16k savings.

KTF

Surely that is what savings are for?

gunmaker

Makes you wonder how many people in the UK have tens of £1000's stashed away and still claiming benefits.

Anja

Tried to do it online and it won't accept the full years allowance in one go. A message comes up "cardholder not present"!

You have to do it in chunks: £3000 to open the account online ,then once you've got all the paperwork the balance of £2670 can be paid in.

scubajon72

I need a cash ISA to which I can make regular monthly deposits of say £100 but need to make withdrawals twice a year six months apart. Not to empty the ISA. Please advise which one would be best for me. My present cash ISA with Lloydstsb only pays 0.41% which is abominable!