First ISA

ISA_Aspirant

I have £3000 to invest for this tax year (2007-2008) and will then invest a further £3000 after April 6th. What is the best ISA available at the moment? I was thinking Abbey but have just read that the fixed 6.25% rate for 13 months is variable which doesn't actually make sense to me. Doesn't fixed mean that the rate stays the same?

In any case, is the Barclays Tax Haven my best bet for this year's ISA allowance? Really appreciate any advice/explanations.

shaz77_2

Lloyds TSB which is fixed at 6.5%.

greyster

she doesn't have 9k shaz77?

debbie42

The Lloyds ISA is fixed rate, but doesn't allow any withdrawals.
The Barclays is variable, but does allow withdrawals.

I though the Abbey was variable, not fixed?

The allowance is rising to £3600 next year, btw.

ISA_Aspirant

No, I don't have 9k so Lloyd's is not a good option for me. If I go with Barclays Tax Haven then I will need to go into the branch to open it. Since I will be in the UK next on April 4th (the last day that Barclays accepts deposits for the tax year), can anybody confirm that I will be able to sort everything out and open the ISA in that one visit? Anyone else done it yet?

10_66

You should be able to sort it out during the one appointment, but you won't have any of the paperwork etc from the branch as it's all dealt with by their ISA dept and will be posted to you.