Whats the best tax free ISA at the moment ?

spooky25

hi everyone

could anybody tell me what is the best place to open a tax free ISA at present, im looking to open one for the new tax year and was wondering if anybody knew what the top account was at present????

Also could anybody suggest a way in which I could use the interest gained each year to max my income from my the tax free ISA as I would like to avoid sticking any money earned into a savings account which isnt tax free

many thanks spooky25:T :T

Lokolo

The interest usually stays in the ISA also earning tax free interest so don't worry about that.

Um do you want a fixed rate or variable?

http://www.moneysavingexpert.com/savings/best-cash-isa

that link has the top cash ISAs at the moment

spooky25

Lokolo wrote: »

The interest usually stays in the ISA also earning tax free interest so don't worry about that.

Um do you want a fixed rate or variable?

http://www.moneysavingexpert.com/savings/best-cash-isa

that link has the top cash ISAs at the moment

hi lokolo

thanks for the advice , at present im not sure about a fixed rate of interest or a variable , to be honest I didn't think that they would have a variable interst rate for a tax free ISA but would more than likely go with a fixed rrate as I know what I would be getting every year.

spooky25

ManAtHome

Will probably be loads of offers from late February (like most years) - probably better this year than last as providers need to attract new money. Fixed v Variable depends on where you think rates might be going over the term. At the moment, 3 and 4 year rates (non-ISA) don't seem too hot. You probably already know, but £3,600 limit from 2008-9 tax year.

McSaver

My Suggestion now would be Icesave at 6.1% which also accepts transfers in.