Top Cash ISAs Discussion Area

leaphaze

Do you want to pay in a lump sum, or would a regular saving ISA interest you? If so, Nationwide's regular saving ISA pays 2.5% and allows you to pay in up to £1250 per month.

hgt

leaphaze wrote: »

Do you want to pay in a lump sum, or would a regular saving ISA interest you? If so, Nationwide's regular saving ISA pays 2.5% and allows you to pay in up to £1250 per month.

I don't understant why everybody seems obsessed with the Nationwide regular ISA at the moment! The Newcastle Big Home Saver ISA is far better as it pays 3% interest, plus as it's not a 12 month account.... you can keep saving and keep building up a nest egg. Whereas the Nationwide account is for 12 months only - so you have to start again next April. I suspect people get put off by the name of the Newcastle BS account - but despite the name you don't need to be saving for a house, nor need to take a mortgage etc!

KTF

The nationwide one allows you to top up to 15k in March.

As far as I know the Newcastle one is 1250 Max per month only.

boobbby

My Lloyds 2 year ISA has just matured and has now converted to the 0.5% ISA saver. I rather like the 2 year fixed ISA although only 2% at the moment. Can I open a new 2 year fixed ISA by transferring some money from my present Lloyds ISA saver but also open another ISA with new money elsewhere in the future providing I don't add to the 2 year ISA in the meantime.

badger09

boobbby wrote: »

My Lloyds 2 year ISA has just matured and has now converted to the 0.5% ISA saver. I rather like the 2 year fixed ISA although only 2% at the moment. Can I open a new 2 year fixed ISA by transferring some money from my present Lloyds ISA saver but also open another ISA with new money elsewhere in the future providing I don't add to the 2 year ISA in the meantime.

Yes you can (providing you haven't paid any new money into a cash ISA since 6 April 2014)

Depending on how much you already have in your ISA, and how much you can save this year, you might want to consider alternatives to ISAs though - such as current accounts paying 4% or 5% :cool:

amiehall

KTF wrote: »

The nationwide one allows you to top up to 15k in March.

As far as I know the Newcastle one is 1250 Max per month only.

Newcastle have their maximISA service meaning you can split your current year allowance between different accounts within the building society so you would be free to open an easy access ISA before April and deposit any "missed" money into that to ensure you don't lose any of your allowance.

They don't let you top up the big home saver because it rolls into the next year rather than reverting to a 0.1% account like most other similar products.

boobbby

badger09 wrote: »

Yes you can (providing you haven't paid any new money into a cash ISA since 6 April 2014)

Depending on how much you already have in your ISA, and how much you can save this year, you might want to consider alternatives to ISAs though - such as current accounts paying 4% or 5% :cool:

That is exactly what I am intending to do as I have a large sum in my present ISA. I have already opened the 123 Santander account so will bring that up to the max and although only a bit better than the 2% it is instant access. I also have the Nationwide and Lloyds advantage accounts and will start the 2 x TSB accounts next week. Unless better appears I could pay back into the 2 year ISA with Lloyds next March as it will then only have about one year to run.:T

badger09

boobbby wrote: »

That is exactly what I am intending to do as I have a large sum in my present ISA. I have already opened the 123 Santander account so will bring that up to the max and although only a bit better than the 2% it is instant access. I also have the Nationwide and Lloyds advantage accounts and will start the 2 x TSB accounts next week. Unless better appears I could pay back into the 2 year ISA with Lloyds next March as it will then only have about one year to run.:T

Assume you mean the Santander 123 2 year FR ISA @ 2.3%?

You do know that Lloyds Vantage interest is dropping to 1.5% from July? But you can open a Club Lloyds & Club Lloyds monthly saver - both @ 4%

boobbby

badger09 wrote: »

Assume you mean the Santander 123 2 year FR ISA @ 2.3%?

You do know that Lloyds Vantage interest is dropping to 1.5% from July? But you can open a Club Lloyds & Club Lloyds monthly saver - both @ 4%

The reason I may opt for the 2 year Lloyds FRISA which is 0.3% less than the 123 ISA is that at anytime I can add to the Lloyds FRISA up the annual allowance and also transfer from any other ISA during the 2 year period. So the question is can you also have the same flexibility with the 123 ISA. It was very helpful you pointed out the future changes to the Vantage accounts with Lloyds. Thank you !

innovate

Santander FRISA doesn't allow additional deposits (after the exceptional additional deposits in July). However, if you just transfer an existing ISA into it and deposit no new money into the Santander one, there is no reason why you couldn't have both, the Santander and the Lloyds FRISA.