Top Cash ISAs Discussion Area

isofa

Wiggynut wrote: »

I know this bit... but that's why I want to use the ISA - I don't want to take money out - if I just had savings then it's easier to convince yourself you need something and spend it... if it's in an ISA I know that I can't put it back.
I will have a savings account too for emergencies etc but I plan (:o ) to leave the ISA alone.. then if it is needed in the last year I'll have the option of using that.. it depends if I find good paying work in the summer before hand and have saved enough that way - just trying to give myself options.

If you've got some more (over the ISA allowance), and want to dissuade yourself from withdrawing it, why not try a 1, 2 or 3 year fixed rate bond too...

Wiggynut

isofa wrote: »

If you've got some more (over the ISA allowance), and want to dissuade yourself from withdrawing it, why not try a 1, 2 or 3 year fixed rate bond too...

arn't those tied in... ie: you can't withdraw the money at all?
I still want access to the money - in case of something happening! (major emergency!!!) or I find myself totally useless with money while being a student

I want to keep my options open but yet I don't want it too easy to withdraw my money.

grownuptoo

Dramdog wrote: »

I am looking at th Abbey Super ISA 9.75% for 12 months plus an equal amount invested in their Gauranteed Growth Plan for 3.5 or 6 years. Does any body know anything about this offer as it seems too good to be true, is there a catch some where? I want to invest long term so please help I am confused.

Can someone answer this cos I was impressed too and wondered what was the catch?? but I am new to all this and learning loads

fiddlejane

Hi....anyone able to offer advice?
I have an ISA in last years savings £3000 and am opening a new one for this year with £2000 only so far. Am I allowed to combine them in a new Isa that takes both transfers and new money? Is this a good idea or is it best to keep them in separate accounts.
People talk of saving big money throughout the years so obviously we must be able to combine all the ISAs into one at some point?
Thanks

JimmyTheWig

fiddlejane wrote: »

Hi....anyone able to offer advice?
I have an ISA in last years savings £3000 and am opening a new one for this year with £2000 only so far. Am I allowed to combine them in a new Isa that takes both transfers and new money? Is this a good idea or is it best to keep them in separate accounts.
People talk of saving big money throughout the years so obviously we must be able to combine all the ISAs into one at some point?
Thanks

Yes, if you choose a product that allows transfers in and new money then there is no reason not to do this.

Igol

grownuptoo wrote: »

Can someone answer this cos I was impressed too and wondered what was the catch?? but I am new to all this and learning loads

Just found the answer on another thread when I searched for growth plan.
Basically its an equity bond with a crap rate of return that ties you in for 6 years.

dkmax_2

isofa wrote: »

You can add to any of your ISAs (providing they accept this), UP TO the £3600 allowance this tax year - a total across all cash ISAs you own (not £3600 per ISA account you have!). So if you've added £3000 to the HSBC eISA, you can add £600 to your Nationwide one, but no more.

I really hope people haven't been listening to this advice. One can only contribute to one cash ISA per year.

If, by mistake, you put money into more than one ISA of the same type in the same tax year the payment into the second ISA is invalid, and you are not entitled to any tax relief on investments held in the second ISA.

JayZed

A question about Martin's article on this. Why does it only review the top instant-access cash ISAs and not the fixed-rate one-year deals, e.g. the 6.5% rates currently on the market from Skipton BS, Julian Hodge etc? I know it's only a 0.25% difference from the 6.25% paid by top instant-access ISAs (i.e. £9 on £3,600), which one might not consider a worthwhile reward for losing access to the money, but does Martin generally feel that the instant-access ISAs are better?

JimmyTheWig

Is it that the instant access ones are easier to compare?
The others may all have different terms and conditions, etc.

grownuptoo

Igol wrote: »

Just found the answer on another thread when I searched for growth plan.
Basically its an equity bond with a crap rate of return that ties you in for 6 years.

Thanks for this....I won't bother. Still not sure where to go both OH and I have full allowance to put away. Won't need access to it at all as we have other funds too. Any suggestions for ISA ...we're not risk takers !