Maturing Fixed ISA's

atpippin

I have Fixed IS's maturing in August. Rated being low, is it worth while me moving it to NS&LI @1.6%

83705628

What's the current rate and what will the rate be after they mature?

atpippin

Hi tccallaghan93, 
They were  Nationwide 1 year fixed @1%. After maturity it will drop to 0.3%

atpippin

atpippin said:

Hi tccallaghan93, 
They were  Nationwide 1 year fixed @1%. After maturity it will drop to 0.3%

 Also currently they are  ISA and will go into NON ISA to NS&LI 1.6%. Is it worth taking them out of ISA account to NON ISA account?

83705628

Well if you want to keep the money in an ISA then NS&I don't accept ISA transfers so if you wanted to get that rate you would have to take the money out the ISA, lose the ISA status on it and then put it onto NS&I income bonds. If you want to keep it in an ISA you would have to look at current cash ISA rates.

grumiofoundation

NS and I Income bonds are 1.16% not 1.6%.

Best ISA rate that accepts transfers is currently 0.65%. Do you need the money to stay within an ISA? You can earn up to £1000 in interest before paying tax (assuming BRT).