Top Cash ISAs Discussion Area

Baldur

john688 wrote: »

What is currently the best fixed rate ISA? And with Who?

Some options - http://www.moneyfacts.co.uk/money/savings/11/fixed-rates-isa.aspx

Saver-Rob

I have just applied for the 12 month fixed rate 4.5% with Cheshire BS on behalf of a family member.

http://www.thecheshire.co.uk/investment-saving-account/individual-saving-account/index.asp

markbirks

Apologies if this is the wrong thread but I have an Alliance and Leicester DirectISA Cash ISA account (for some years now) and last night tried to put some cash in there to top it up. I got a message back (via online banking) saying that as I didnt add to the ISA in the last tax year I could no longer do so !!

The money is still there but it seems I can no longer frow the savings. btw My wife has exactly the same aco!!!! and she was allowed too (although she *had* put some cash in there this tax year).

This doesnt sound right to me?

Baldur

markbirks wrote: »

.....This doesnt sound right to me?

You will have to complete a new application to 'reactivate' your account because you did not subscribe to the account in the previous tax year - your original application to subscribe to the Cash ISA lapses in these circumstances.

steph88_2

Hey,

Just wondering if anyone can help me??
I want to open a cash ISA, which is accessible online and hopefully can be opened online.

I need to be able to withdraw the money in approx 10 months time as I am saving for a round the world trip and hope to leave by then?

So I need an ISA that has the best rate on a short term basis?

Any suggestions would be much appreciated!

Baldur

See this post, which was updated yesterday.

ah8814

Hi,

I've applied for a maximum student loan with the intention to invest it in an ISA over the next 3 years, however I'm confused as to which route to take.

I initially tried to apply for a 3 year fixed rate ISA with Northern Rock at 6%, however I was told I couldn't make further additions to the ISA once the lump sum had been deposited because it was fixed rate. Is this the same for all fixed rate ISA's? I recieve my loan in 3 £1000 installments & therefore I need to be able to make further deposits throughout the year.

Also, with the rapid decline in interest rates, would a fixed rate ISA still be a good idea, or are interest rates likely to increase in the next year or so? How would you invest this money?

grownuptoo

I've a dilemma - my ISA (and hubby's) for £3600 each interest rate now fallen to 3.55%. ISAs are with Egg. We also have fixed rate saving account till Aug 2009 at 6.5% - should we move our money out of ISA?
I know the usual advice re not closing an ISA but the difference is a fair bit so what should we do? We both pay normal tax

Any advice gratefully accepted.

Lokolo

6.5% after tax is 5.2% so you would gain 1.65%.

Upto you, personally I wouldn't because in the future you will get that back in no time whereas if you take it out you are losing out on £7,200 worth of ISA.

grownuptoo

I see what you mean - I suppose I'm annoyed as I thought I was taking out a fixed rate ISA and it wasn't fixed - this is now the 2nd time its fallen and what if it goes on falling? The first time in my life we've had savings and rates fall.........

Should I look at transfering to a higher rate fixed or leave it for now and see waht happens? I'm really new to this having savings lark.