Top Cash ISAs Discussion Area

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Woodster71 wrote: »

My first post so if my question is in the wrong i apologise. I have a Abbey Cash ISA with the maximum in it for this year. Abbey told me I will only get my interest at the end of March, so my question is does this mean i am not allowed to transfer the isa to a better product before this time or if i do will i lose my interest. The ISA i have is not a fixed rate. I would appreciate any help on what is probably a very simple question - Thanks

Any interest earned will be added to the ISA on it's transfer. You can transfer at any time.

FireworkCrazy

I've never delved in to the realms of the ISA before, bad I know. But I want to invest for me and the other half before the end of this tax year.

I was looking at the First Direct Regular Saver ISA @ 7% What's the catch?

FireworkCrazy

Ahh, I see... from having a little read. I can't pay a lump sum into this so It would only be good for AFTER the new allowance starts.

Who do you suggest for paying in a lump sum so I don't lose this years allowance.

Scroogeman

The First Direct Regular Saver appears to be subject to you having one of their current accounts, which costs £10 per month??
I have been paying the full £300 per month into Halifax ISA saver direct which is now only paying 2% interest. So, I'm looking at their fixed rate ISA's. What's the consensus of opinion - is this a good time to fix for 1, 2, 3 or 4 years and get 3.7%, 3.9%, 4% or 4.1%.
Also, if I transfer the whole amount saved to date and stop paying into it, can i open another regular saver ISA with another provider?

FireworkCrazy

I've never heard of Julian Hodge are they covered under the governement scheme if they go belly up!

FireworkCrazy

Julian Hodge is showing 3.5%

Lokolo

I think they are. They reduced rates etiher today or yday.

MosephJerrick

Hi I'm new here, so hello!

FireworkCrazy wrote: »

I've never delved in to the realms of the ISA before, bad I know. But I want to invest for me and the other half before the end of this tax year.

I was looking at the First Direct Regular Saver ISA @ 7% What's the catch?

The catch is you can't put more than 300 per month in, and an initial balance of 0 (so no transferring). If you're just starting saving and you can meet the requirements for the 1st Account it's ideal, yielding about £130 or so in interest for the year.

Beware the fees though! At £10 per month these will basically wipe out any interest gained on the ISA. There are a few things you can do for them to waive the fee e.g. pay in 1500 every month. Check their T&Cs on the website.

FireworkCrazy

Just so you know, on a slightly different note, Lloyds are offering 7% on one of their CURRENT accounts if you keep between 5k and 7k in the account and put in more than 1k a month.

g0recki

Scottish Widows is down to 3.1% (inc introductory bonus rate)
A&L down to 3.0% (inc bonus rate)
Harpenden down to 2.75%
Principality down to 2.7%

Looks like they have all equally followed the 0.5% base rate cut.

I am yet to pick where I put my recovered Icesave ISA money...