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Cash ISA rule check please

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Comments

  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 5 May 2020 at 5:30PM
    There aren't any reputable savings accounts that are likely to pay above inflation on material amounts of money. So the options are to either accept below inflation returns or invest it in a diverse mix of assets. If you have seen a 27% drop that suggests your ISA was very heavily weighted to equities which might not have been suitable. Have a look at mixed asset funds which also contain bonds etc to dampen volatility.
  • badger09
    badger09 Posts: 11,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    My STOCKS & SHARES ISA recently lost 27% of its value so thank goodness I still had CASH ISAs albeit losing value because the greedy Banks pay interest below inflation.

    What exactly do you mean by 'recently lost 27% of its value'?
    27% of what you have paid in? 27% of what it was worth at its peak? 27% of something else?

    What are you invested in?
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