Quick basic question on ISA's

eggedd2k

I'm looking at setting up a new ISA.

I've been browsing the site and have followed a few links to external sites.

I came across this one (http://www.alliance-leicester.co.uk/savings/index.asp?page=direct-isa&ct=savingshome) with Alliance and Leicester which says it pays 6.25% which seems better than anything else I've found. In fact most of the other banks seem to be offering around 5% to 6%.

Am I missing something or is the A & L ISA genuinely a good offer?

thanks in advanced!

alastair_h

Yes it's pretty good, you wont get much better on a variable at present, see link for options just depends on if you want instant access etc
http://forums.moneysavingexpert.com/showthread.html?t=401374

Barclays tax haven ISA 6.5% variable.
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=homefreegroup&value=14230&WT.mc_id=764857382163120-

Lloyds FRISA 1year at 6.5%
http://www.lloydstsb.com/savings/fixed_rate_cash_isa.asp

bristolleedsfan

If u dont have 9000.00 in ISA Money to go into Lloyds 6.5% One Year Fix, then Nationwide BS are still offering 6.15% on One and Two Year ISA Fix Options.

Most people are expecting further Base Rate/Variable Savings Rate decreases this year.

johng_uk

Barclays offering 6.5% (with 1% 1 yr bonus inc.).

Also this is a good read:

http://forums.moneysavingexpert.com/showthread.html?t=401374

eggedd2k

I decided to set up a members fixed rate bond at nationwide in the end - 6.15 percent fixed for two years.

johng_uk

I looked at that one too - I thnk I'm going to go for the Barclays 6.5% deal as I don't mind switching them around next year.