Top Cash ISAs Discussion Area

AngelaD

Herbalus wrote: »

Surely you read the terms and conditions for yourself on the Newcastle website?? I can't think of a more reliable place to find out the specifics of your ISA.

And the answer to your question is yes.

Thank you for your reply - yes I did read the Ts&Cs but sometimes all the blurb is overwhelming so I was just double-checking.
Thanks Again :beer:

home_alone

Prof_FrinkProf wrote: »

I think I've just answered my own question, the Lloyds account is only 1.50% for balances over £20k!

2 year fixed is 2% yearly or monthly

typistretired

Oh dear, Nationwide not offering any decent ISA rates! My savings watch update email today from them referred to the fact they had launched some new fixed rate accounts.

When I checked a 1 year fixed rate isa pays 1.50%. The longer you fix it the rate goes up but the 5 year fixed rate only pays 2.50%. It is also accessed via branch only.

Transfers in from existing cash ISAs with other providers are only accepted as part of the initial application for this product.

Archi_Bald

Yes, and to boot they have given us an ugly web redesign. I am rapidly going off Nationwide.

hufc2002

Virgin have offered me to fix for a year for 2% so I think I am going to go with that.

This is a transfer in only an no new money.

innovate

typistretired wrote: »

Oh dear, Nationwide not offering any decent ISA rates! My savings watch update email today from them referred to the fact they had launched some new fixed rate accounts.

When I checked a 1 year fixed rate isa pays 1.50%. The longer you fix it the rate goes up but the 5 year fixed rate only pays 2.50%. It is also accessed via branch only.

Transfers in from existing cash ISAs with other providers are only accepted as part of the initial application for this product.

There's something not quite right at Nationwide since their instant access Easy Saver ISA pays 1.6% AER. http://www.nationwide.co.uk/products/savings/easy-saver-isa/features-and-benefits.

There's also a 1.75% AER instant access Flexclusive. So why they launched a 1 year fixed one for 1.5% is not easy to understand.

badger09

innovate wrote: »

There's something not quite right at Nationwide since their instant access Easy Saver ISA pays 1.6% AER. http://www.nationwide.co.uk/products/savings/easy-saver-isa/features-and-benefits.

There's also a 1.75% AER instant access Flexclusive. So why they launched a 1 year fixed one for 1.5% is not easy to understand.

But they're both for 'new money' only.

I've just opened a Santander 123 2 year fixed @ 2.3% to consolidate various bits of ISA left lying around (eg £100 to Leeds a while back anyone? )

It was opened immediately, though took me a while to download stuff so I could complete multiple transfer forms

This also gives me the option to xfer in maturing Santander 2 year Major ISA in May - should I get cold feet about whacking it into my S&S ISA

Dewpoint

hufc2002 wrote: »

Virgin have offered me to fix for a year for 2% so I think I am going to go with that.

This is a transfer in only an no new money.

Seems to me little point in opening an ISA when the rates are so low. I've got my money in a P-2-P investment that gives around 4.0% and is relatively safe.

boobbby

I am over 65 so the new one year pensioner bond paying 2.8% seems a bit pointless when I can get 3% at a Lloyds vantage account or a Santander 123 account. Might consider the 4% over 3 years with £10000 although that is only £100 extra per year and my saving are all tied up! For many years I have bought cash ISA's but now that also seems pointless because if interest rates rise sharply we can now move up to £15000 into an ISA's immediately. Mind I suppose if I was a paying 40% tax ISA's would still be very attractive

MattyClyro

I have 10.5k currently in a Nationwide ISA I opened last year. It pays 2.2% currently but will revert to some feeble rate in August 2014.

Could I open a new ISA in April 2014 (that doesn't allow transfers in) and start paying in from my salary keeping the old ISA open until August 2014. Then transfer the old ISA total into my bank account and then into the new rate ISA when the 15k new limit kicks in in July 2014?

If I withdraw the funds out of the old ISA in August 2014 will I lose the interest that is paid out annually in September? I can keep some money into September to keep the ISA open ait for the interest to be paid and then transfer out and close.

My thoughts are this will ensure I get my latest ISA paid at 2.2% until the last possible moment and any new savings at a new ISA rate (not as good as last year but a better rate than an ISA that allows transfers in)

Will this work?