Looking for an ISA fix with a good rate where you can deposit monthly

clairec666

masonic said:

I've trotted this one out before, but if you are driving on a road with a 30 mph speed limit, you are not entitled to do 60 mph for a half hour journey and say you were only doing half the advertised rate.

 

Makes sense to me as I'm a mathematician, but will probably go over a lot of people's heads

Growingold

azaharchica said:

Struggling with this, wasted hours.  I know about Shawbrook as I have one about to mature but the new rate is only 4.02%     There is another one, can't remember the name but not suitable coz they won't let you have current year isa's with other banks as well and I have a few this year.

Any suggestions?  Need to decide quickly.   A few of them say that you can do further deposits over the year but when you check in detail they mean only for the first 30 days.

I opened a Suffolk FR ISA earlier this tax year .  Allows deposits until 5th April 26. Though the rates they are now offering have dropped.  I got in at 4.17% for a 2year.  Can hold current year deposits with other banks too.

Albermarle

Probably worth noting that most ( all?) of these accounts mentioned will normally only accept transfers in at the beginning /first 30 days, even though they will accept new money contributions during the fixed term period.

singhini

friolento said:

singhini said:

Putting money into an investment on a monthly basis "typically" yields around half of the advertised rate.    

All accounts pay the advertised rate.

Thanks
It had already been pointed out 
Poor choice of words by me
Never mind, such is life

35har1old

Growingold said:

azaharchica said:

Struggling with this, wasted hours.  I know about Shawbrook as I have one about to mature but the new rate is only 4.02%     There is another one, can't remember the name but not suitable coz they won't let you have current year isa's with other banks as well and I have a few this year.

Any suggestions?  Need to decide quickly.   A few of them say that you can do further deposits over the year but when you check in detail they mean only for the first 30 days.

I opened a Suffolk FR ISA earlier this tax year .  Allows deposits until 5th April 26. Though the rates they are now offering have dropped.  I got in at 4.17% for a 2year.  Can hold current year deposits with other banks too.

Progressive had a 2year deal paying 4.3% which would allow transfers in and further cash deposits to end of tax year

Growingold

35har1old said:

Growingold said:

azaharchica said:

Struggling with this, wasted hours.  I know about Shawbrook as I have one about to mature but the new rate is only 4.02%     There is another one, can't remember the name but not suitable coz they won't let you have current year isa's with other banks as well and I have a few this year.

Any suggestions?  Need to decide quickly.   A few of them say that you can do further deposits over the year but when you check in detail they mean only for the first 30 days.

I opened a Suffolk FR ISA earlier this tax year .  Allows deposits until 5th April 26. Though the rates they are now offering have dropped.  I got in at 4.17% for a 2year.  Can hold current year deposits with other banks too.

Progressive had a 2year deal paying 4.3% which would allow transfers in and further cash deposits to end of tax year

I think with Progressive what put me off was I had to send photographic  ID and proof of address by post (if you couldn't visit a branch) which had to be certified which would have cost quite a bit to do thus negating the higher interest rate. This requirement even for existing members.

azaharchica

thank you very much,  I will try Suffolk, Progressive and Dudley,  if not I will continue with Shawbrook for another year.     Azahar chica

code_hunter_2

Kent Reliance fixed rate ISAs also alllow deposits throughout the year. 

Currently 4.25% for 1yr fixed rate.