Top Cash ISAs Discussion Area

Igol

I've got the Skipton BS paperwork in front of me, a slight hint to what I'm planning to do

BulletCraig

Can someone point me towards the best ISA for my needs?

Basically I have a healthy amount of savings and I'm just in the process of applying for a Kaupthing Edge savings account as my current savings account interest rate is terrible in comparison. I don't have any cash ISA's at the moment so I'm looking for the best deal to whack the full £3600 in. I won't be needing to withdraw anything but I would definitely prefer it to have internet access just so I can keep track of it whenever I want to.

Thanks in advance.

missprint

Julian Hodge Bank do a 1 year fixed rate ISA at 6.5%, they also take transfers in.

BulletCraig

Thanks. Do you know if they allow online access?

missprint

I applied online, but as I don't need to watch the gory details of the ISA accumulatiing interest for a year I didn't look into online management. I've just checked their website -I can't see any obvious online access, sorry. They are extemely helpful on the phone however, none of this sitting in a queue for a dog's year listening to to cruddy music and then talking to a halfwit.

adam.hills

missprint wrote: »

Julian Hodge Bank do a 1 year fixed rate ISA at 6.5%, they also take transfers in.

Assuming you take out the 1 year fixed rate ISA, does this mean you have to wait 12 twelve months before you are allowed to put any money into an ISA, or does this mean you can subscribe into a second ISA come April 6, 2009?

missprint

You put in the full allowance of £3600 when the ISA is opened, I also transferred in some previous years ISAs. Then come next April you can choose where you put your 2009 allowance, just be a rate tart. This year's £3600 I actually transferred from the appalling Barclays Tax Haven ISA after they dropped their carrot rate from 6.5% to 6.25% and took part of a millenium to open the wretched thing anyway.

BulletCraig

Having read through a few articles and taking Martin's reccomendation I'm looking to apply for an ISA with Icesave. During the application it asks would I like the interest paid to "this account" which I assume means the ISA, or my nominated current account. If I were to select "this account" will that mean I earn interest on top of the monthly interest paid? How would that affect the £3600 per year limit?

Lokolo

Yes and it doesn't. Means the interest is also tax free without affecting your allowance.

BulletCraig

Excellent, so next year I would have a balance of (say) £3800 thanks to the added interest and I would still be able to put a further £3600 in?