What is best

Sammyg

Hi 

I have a fixed savings account that has matured today that I want to put in a fixed isa, so at the moment it is in a holding account at 0.10% interest, I know the ISA season is usually around April but I have to move this now, so my dilemma is, which at the moment is the best reliable isa on the market to put say 20,000 in?

sammy_zammy

Easy-access Trading 212/Moneybox both offer better rates than fixed rate accounts for new customers. Their rates plus the year’s bonus don’t seem likely to go below the top fixed-term rates right now.

Ayr_Rage

There is no ISA season when it comes to available rates, if you really want the certainty of a fix then with interest rates likely to only go in one direction this year get in as soon as possible.

Sammyg

sammy_zammy said:

Easy-access Trading 212/Moneybox both offer better rates than fixed rate accounts for new customers. Their rates plus the year’s bonus don’t seem likely to go below the top fixed-term rates right now.

Thanks Sammy_Zammy, I did see that easy isa rates seem higher at the moment then fixed isa, which seems weird, shouldn't it be the other way round, have you had any experience of the ones you mentioned?

FrugaiMacDugal

The ISA 'season' is from 6th April; until 5th April, each tax year.

So if you open one now with 20k, you can open another from 6th April.

Albermarle

Sammyg said:

sammy_zammy said:

Easy-access Trading 212/Moneybox both offer better rates than fixed rate accounts for new customers. Their rates plus the year’s bonus don’t seem likely to go below the top fixed-term rates right now.

Thanks Sammy_Zammy, I did see that easy isa rates seem higher at the moment then fixed isa, which seems weird, shouldn't it be the other way round, have you had any experience of the ones you mentioned?

Yes normally you get better rates by fixing. However the expectation is that rates will drop over the next couple of years and this is reflected in the long term fixed rates offered.