What are my ISA options.

shaz77_2

caliston wrote: »

But they have a 30 day interest penalty if your want to transfer out (even if you give notice).

Thats pathetic, so regardless of how much notice this company gets if a customer wants to take some money out of their account they receive a 30 day penalty.

shaz77_2

bristolleedsfan wrote: »

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%)

6.15% is not a bad rate, is it the best fixed rate ISA at the moment that allows transfers.

Incidentally are these fixed rate ISA's really a good idea? Especially if interest rates go up again and the fixed rate is below average.

jizba

Icesaves fixed rate ISA at 6.30% is an option while transferring some of my money in the regular Icessave account into an ICICI account.

Does anyone think this is a good option?

Lavendyr

The Icesave ISA is variable, not fixed, and is currently at 6.1%. The easy access saver is 6.3% but again is variable.

i'm-skint

Lloydstsb are doing 6.5% fixed for a year, with transfers up to £9000, just been on their baking site, not sure if you have to be a customer though??

jizba

Lavendyr wrote: »

The Icesave ISA is variable, not fixed, and is currently at 6.1%. The easy access saver is 6.3% but again is variable.

Sorry your correct it is 6.10% however this rate is guaranteed to 2013.

tradetime

jizba wrote: »

Sorry your correct it is 6.10% however this rate is guaranteed to 2013.

Sorry which ISA is this?

jizba

tradetime wrote: »

Sorry which ISA is this?

Hi

Its the Icesave ISA, Martins money saving tip recommends this ISA for all transfers.

alastair_h

jizba wrote: »

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.

You could move all the ISA to Icesave to make the most of your tax free savings and move your savings to another vendor, see Martin's top savings accounts page. I have a Bradford & Bingley Internet Saver paying 6.4%, there are however others as per above ICCI above paying 6.41%, Kaupthing 6.5% (kaupthingedge.co.uk), West Bromwich BS 6.55% plus others.

Icesave are covered by the banking code so you are covered up to £35K should anything go wrong.

tradetime

jizba wrote: »

Hi

Its the Icesave ISA, Martins money saving tip recommends this ISA for all transfers.

Then I'm afraid you are mistaken on this bit.

Originally Posted by jizba
Sorry your correct it is 6.10% however this rate is guaranteed to 2013.

The rate is variable, just like the standard Icesave account, the guarantee refers to how it will price in relation to the BOE base rate. From their site.

We guarantee the AER will beat Base Rate* by at least 0.30% until 31 January 2011 and at least match Base Rate until 31 January 2013