Top Cash ISAs Discussion Area

ranciduk

Well the difference between a one and two year fix is next to sod all

So I can't really see the point in fixing for longer

I

takethemon

i would stick to the one year fixed rate. the difference between the 2 year rate is as previously said negligible,as indeed is the difference between their variable rate and the one year fix.

boobbby

I am still on Lloyds 3.7% fixed until April 2014. I have now transferred all my previous ISA's into this ISA plus this and last years allowance so they are all in one place now. Lets hope there will be an increase in rates next year !

takethemon

google the above. have a look at thisismoney. they give info where you can get 2% easy access on a cash isa,but the difference is still paltry.

Archi_Bald

For a full list of the best cash ISA, look no further than post 1 of this MSE thread: https://forums.moneysavingexpert.com/discussion/401374

ranciduk

boobbby wrote: »

I am still on Lloyds 3.7% fixed until April 2014. I have now transferred all my previous ISA's into this ISA plus this and last years allowance so they are all in one place now. Lets hope there will be an increase in rates next year !

We're in the same boat

Can you tell me - when do the rates change again? Is it April?

boobbby

ranciduk wrote: »

We're in the same boat

Can you tell me - when do the rates change again? Is it April?

As mine was a 2 year fixed rate ISA then probably about the same time as me although you will need to check the date you took it out !

Consumerist

boobbby wrote: »

. . . Lets hope there will be an increase in rates next year !

According to a discussion today on BBC2's Daily Politics, BoE rates are not expected to start rising until 2016.

No wonder consumer spending is driving the current "growth" - there's not much point in saving.

ranciduk

boobbby wrote: »

As mine was a 2 year fixed rate ISA then probably about the same time as me although you will need to check the date you took it out !

No sorry I didn't mean that

I mean they just announced new interest rates a week ago

When will they change them again?

Do they change them at set times or is it just a random thing

Like its 1.65% today , will it still be that in April

Or may it change again in the meantime?

Consumerist

ranciduk wrote: »

No sorry I didn't mean that
I mean they just announced new interest rates a week ago When will they change them again? Do they change them at set times or is it just a random thing. Like its 1.65% today , will it still be that in April. Or may it change again in the meantime?

Surely, if you're in a fixed-rate ISA the rate is fixed until the maturity date. There is no telling what the rate will be after the maturity date. It is fairly common, however, for the rate to drop to near zero after maturity.