Top Cash ISAs Discussion Area

23rdspiral

hi, i cant find this on barclays web site... does anyone know if the Barclays Tax Haven ISA is still at about 6% - it was at that in november when i got it. my partner reckons its fixed for a year but i cant see that written anywhere. and if luckily it is a year, is that financial year or to when i took it out? thanks for the help.

Baldur

23rdspiral wrote: »

hi, i cant find this on barclays web site... does anyone know if the Barclays Tax Haven ISA is still at about 6% - it was at that in november when i got it. my partner reckons its fixed for a year but i cant see that written anywhere. and if luckily it is a year, is that financial year or to when i took it out? thanks for the help.

currently 3.12% AER - http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=homefreegroup&value=14424

The only thing that is fixed is the 1% introductory bonus.

angelavdavis

dekkard wrote: »

I've just checked the interest rate on my Alliance & Leicester ISA and the rate has dropped considerably.

This isn't a real surprise, but they didn't notify me. Are banks not obliged to notify customers when they change their savings interest rates?

Yes just checked today as I was looking to transfer my Barclays ISA across. the issue 4 is down to 2.55% which includes a 1% bonus!

I guess in the days of the internet, they don't officially have to notify us.

Baldur

angelavdavis wrote: »

I guess in the days of the internet, they don't officially have to notify us.

Can't recall that they ever have had to notify savers individually, internet or not - just stick notices in newspapers/branches.

d00fus

Looks like Cheshire BS has dropped their fixed cash ISA rate to 3.6% Looking around it seems that Northern Rock has a 4% fixed cash ISA, does anyone know if there's a better rate around?

Struggling_learner

Much is said about switching ISAs to benefit from better rates, but in my recent experience this is not so easy. I am fortunate in having a fixed rate ISA with Lloyds at 6.5% and when the rate of another ISA I have dropped I tried to transfer it to Lloyds. That was 8 weeks ago and am today in the position of having to start all over again completing the forms, numerous phone calls and visits to the bank in between.The fixed term on my Lloyds ISA will come to an end befor I manage to get this sorted. Has anyone else had this, or has anyone else found it easy?

leaphaze

Struggling_learner wrote: »

Much is said about switching ISAs to benefit from better rates, but in my recent experience this is not so easy. I am fortunate in having a fixed rate ISA with Lloyds at 6.5% and when the rate of another ISA I have dropped I tried to transfer it to Lloyds. That was 8 weeks ago and am today in the position of having to start all over again completing the forms, numerous phone calls and visits to the bank in between.The fixed term on my Lloyds ISA will come to an end befor I manage to get this sorted. Has anyone else had this, or has anyone else found it easy?

Looks like you've had a bad experience, but don't let that put you off. I think you should try to establish why you're having to do this again, and if it's not your fault LLoyds should be paying interest based on your original application. The process of transferring a cash ISA never seems to be as quick as it should be. Now that interest rates are plunging, we're all keen to get the best rate so I think lots of people will be switching and high volumns will inevitably mean longer switching times.

Bazza_Cashmore

I have just checked with the Abbey to find that they have cut my ISA rate to 2.9%. I have found Julian Hodge offers a 1 year lock in ISA at 4%. Has anybody seen a better one??

Graham04

My RBS has dropped to 3.5%, I got 2% above base rate for one year when I switched from Derbyshire in October. From 6%, to 3.5% LEast the mortgage is dropping!

claridge

Dont know if anyone has posted this, but Nationwide have cut their ISA bond rate by 3/4% today,[14 Jan.] to 3.5% on 3 year bond,