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What are my ISA options.
jizba
Posts: 174 Forumite
I have £15000 in an ISA at the moment paying 5.5% and £15000 in an IceSave account. I want to transfer my ISA into a higher interest rate ISA account but the only one recommended was IceSave which accepts transfers.
However I am reluctant to have over £30,000 tied up within IceSave as I would never be sure my money was safe.
What are my options and does anyone have any suggestions?
Thanks in advance.
However I am reluctant to have over £30,000 tied up within IceSave as I would never be sure my money was safe.
What are my options and does anyone have any suggestions?
Thanks in advance.
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You could always transfer the ISA to Icesave and at the same time transfer, say, half of the savings account balance to ICICI or another high interest savings account?I have £15000 in an ISA at the moment paying 5.5% and £15000 in an IceSave account. I want to transfer my ISA into a higher interest rate ISA account but the only one recommended was IceSave which accepts transfers.
However I am reluctant to have over £30,000 tied up within IceSave as I would never be sure my money was safe.
What are my options and does anyone have any suggestions?
Thanks in advance.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
What about transferring your ISA to Ruffler bank, who are paying 6.14%. Only difference is that you must give 30-days notice.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Scarborough have a 30 day notice ISA at 6.30%.0
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Kent Reliance 6.05, no penalties other than postal account Nationwide 6.15 1year fixed.0
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I was under the impression that Rufflers ISA's paid 6.40% Has their rate went down?0
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I was under the impression that Rufflers ISA's paid 6.40% Has their rate went down?
It dropped to 6.14% AER with the BofE rate cut in Dec 2007.
http://www.rufflerbank.co.uk/deposits/interest_rates.phpIn case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
It dropped to 6.14% AER with the BofE rate cut in Dec 2007.
http://www.rufflerbank.co.uk/deposits/interest_rates.php
That's interesting, what ISA offers the best transfer option at the moment considering that the interest rates are likely to fluctuate?0 -
That's interesting, what ISA offers the best transfer option at the moment considering that the interest rates are likely to fluctuate?
As Interest rates are heading downwards, 1 year fix ( or 2 year if that suited your circumstances) from Nationwide whom backdate interest to date of transfer cheque to ensure no loss of interest is incurred is best transfer option IMO. :cool: ( 6.15%)0
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