Top Cash ISAs Discussion Area

katies_mum

Thank you, I`ll see if they will give me a form for him to complete and post thru their letter box on his way to work.

Thanks again for all your advice

Victors_Bruvver

I am in all probabilty being extremely thick but I cannot see the answer to my question elsewhere, so here goes. The rates quoted for Cash ISAs, are they they the same as variable savings accounts IE interest rates will go down as well as up with changes in the BoE rate?
Secondly there is obviously a lot of discussion here on these forums of how some of these accounts are being managed IE but has anyone worked out who are truly the best past ISA provider?

Baldur

Victors_Bruvver wrote: »

The rates quoted for Cash ISAs, are they they the same as variable savings accounts IE interest rates will go down as well as up with changes in the BoE rate?

It depends on the type of Cash ISA - variable rate ISA accounts can fluctuate in just the same way as non-ISA variable rate savings accounts. Fixed rate accounts offer a fixed rate of interest for a set period of time.

Secondly there is obviously a lot of discussion here on these forums of how some of these accounts are being managed IE but has anyone worked out who are truly the best past ISA provider?

If by 'best' you mean the provider offering the most consistent interest rate, you'll find a recent report on this on the 'This is money' website - most consistent doesn't necessarily mean highest rate of interest though.

Victors_Bruvver

Cliff_Derek wrote: »

It would probably have been better to open the account at a branch with a cheque. Or go somewhere else. Losing three or more weeks interest outweighs any benefit from their higher rate.

I just enquired at my local branch of Barclays and have been told that I must book an appointment with an advisor which on asking how long it would take, was told it would last twenty minutes. I told them that I thought that this was just a ploy to get me to buy other products to which they said that I was probably correct because Barclays would not being making much on the 6.5%. Bye bye Barclays, you know what you can do with your ISA's. I don't think it was even a fixed rate either.

[Deleted User]

Does anyone know about A&Ls 10% ISA.I haven't seen it mentioned on the website or the forum and I'm not sure why this is? As far as I am aware if you open a premier current account and fund it with £500 a month you can put £3,600 in this ISA at 10%(bonus rate) for a year.Does anyone know of any draw backs or mis-leadings?Thanks

TerryA

An update on Barclays “Tax Haven” ISA which was 6.50%
In today’s newspaper Barclay announced that they were reducing the rates on all their savings accounts with effect from 1st May
Their best ISA rate is now 6.25% AER

bristolleedsfan

TerryA wrote: »

An update on Barclays “Tax Haven” ISA which was 6.50%
In today’s newspaper Barclay announced that they were reducing the rates on all their savings accounts with effect from 1st May
Their best ISA rate is now 6.25% AER

E-Money Facts states Tax Haven ISA is being reduced by 0.23% from 1st May. https://www.emoneyfacts.co.uk/news/savings-news.aspx

King_Weasel

bristolleedsfan wrote: »

E-Money Facts states Tax Haven ISA is being reduced by 0.23% from 1st May. https://www.emoneyfacts.co.uk/news/savings-news.aspx

This is bad news. I'm annoyed that they've done this on a new, much-promoted account. My local branch was still covered in 6.5% posters 2 days ago (24th April).

purplestar133

Hi everyone, I'm looking for some advice. I've been reading a couple of other threads regularly for aaaaages, but didn't know this one was here til now.

I have £6000 in Kent Reliance, at 5.76%. I'm looking to transfer and am wondering whether to go with a fixed rate ISA or Abbey Direct ISA Issue 2 or A&L Direct ISA issue 4.

I've never had a fixed rate account before and was wondering whether it might a good idea in the current financial climate. But what would happen after a year (if it's a 1 year fixed rate, for instance)? Can I transfer to another provider without penalty?

If I was to stick with a variable rate, I wondered what people thought of the Abbey Direct ISA Issue 2 and A&L Direct ISA issue 4? I don't know how to pick between them!

Does anyone have any advice or experience with either Abbey (Issue 2) or A&L (issue 4)?

Baldur

purplestar133 wrote: »

But what would happen after a year (if it's a 1 year fixed rate, for instance)? Can I transfer to another provider without penalty?

It depends on the terms & conditions of the account that you choose - most become standard variable rate ISAs after the fixed rate period, so can usually be transferred with no penalty (there are some exceptions, so check out the small print).

If I was to stick with a variable rate, I wondered what people thought of the Abbey Direct ISA Issue 2 and A&L Direct ISA issue 4? I don't know how to pick between them!

Does anyone have any advice or experience with either Abbey (Issue 2) or A&L (issue 4)?

The A & L ISA is much more clear in its terms & conditions and is a simple drop of 1% bonus after the bonus period. The Abbey one's Ts & Cs are much less clear, e.g. the bonus rate is not quantified just said to be 'preferential' and the drop after 13 months depends on whether you have a balance of more or less than £9,000.