Top Cash ISAs Discussion Area

Snowbelle

DragonQ wrote: »

Ugh, my 1.75% account will drop to 1.5% soon. Is there nothing better out there for ISAs that allow transfers?

Kinda out of options now, since Vantage is closing and I've already done Nationwide and TSB. Really want to avoid faffing around with Santander 123 (won't get much cashback, would have to open a Tesco savings account and move direct debits around once again).

There's an interesting thread about credit unions. This one in particular:
http://www.dotcu.org.uk/creditunion/savings/isa.html

Consumerist

kelnel wrote: »

I have 350k pounds that I just gained from selling a property. I need to put this into a cash isa that is accessible as I will be investing in another property when I find the right one.

For this amount you might want to consider <National Savings Direct Saver> which pays 1.1% gross and is 100% protected up to £2M per person.

You can try spreading it around for fragmented better rates but I doubt you'll improve much on the 1.1% overall.

Note - interest is paid gross so you'll have to include the interest received in your tax return.

jimjames

DragonQ wrote: »

Ugh, my 1.75% account will drop to 1.5% soon. Is there nothing better out there for ISAs that allow transfers?

Kinda out of options now, since Vantage is closing and I've already done Nationwide and TSB. Really want to avoid faffing around with Santander 123 (won't get much cashback, would have to open a Tesco savings account and move direct debits around once again).

Depending when you need the money then you can also look at S&S ISAs which give a yield of 4%+ depending on the funds you use.

DragonQ

Snowbelle wrote: »

There's an interesting thread about credit unions. This one in particular:
http://www.dotcu.org.uk/creditunion/savings/isa.html

Hmm would prefer instant access but 3% for a year isn't bad.

jimjames wrote: »

Depending when you need the money then you can also look at S&S ISAs which give a yield of 4%+ depending on the funds you use.

My current pot of savings will eventually be a house deposit. Not touching stocks and shares until that's done.

ranciduk

kelnel wrote: »

I have 350k pounds that I just gained from selling a property. I need to put this into a cash isa that is accessible as I will be investing in another property when I find the right one.
This could take months or even up to a year. Is the 2.5% Nationwide isa the one to invest in and do I split the amount across various isa's to be safe against any banks going bust (I would only recieve 85k if the bank went under) and if I should split it across banks which ones should it be?
Thanks for any help!

Does anyone know if there are any plans for the figure of £85k to be increased ? It must hae been at that rate for about five years now...

innovate

https://forums.moneysavingexpert.com/discussion/4982528

ranciduk

Thanks

Looks like a no then!

Consumerist

Snowbelle wrote: »

There's an interesting thread about credit unions. This one in particular:
http://www.dotcu.org.uk/creditunion/savings/isa.html

Thanks for the link.

I would also prefer instant access but I doubt I'll get one at 3% at the moment.

KTF

Dont forget to include the signup fee for that in your calculations.

Consumerist

KTF wrote: »

Dont forget to include the signup fee for that in your calculations.

More importantly, there doesn't seem to be any provision to get up to the £15K allowance from 1 July unless the account happens to still be on offer at that time. A bit of a risk in my view.

Other than that it's similar in concept to paying the £2 pm fee at Santander.