08/09 Isa

Parisian

Like everyone here, I am looking for an ISA for 08/09. I have all previous years allowance with Kent Reliance (rate drop to 5.76% recently) so am looking for somewhere I can transfer in the past years too. The A&L 6.25% ISA looks the best deal right now...

Does anyone know of anything better than this for transfer ins?
Should I be waiting to see what the competition is?

I don't like to miss too many days of interest, so was hoping to set up the 08/09 asap.
Has anyone set up 08/09 with A&L (perhaps in branch as cannot see anything online yet)? I am assuming it will take a few days to set up and wanted to avoid as much loss as is possible. Any advice about this?

Thanks!

bristolleedsfan

Parisian wrote: »

Like everyone here, I am looking for an ISA for 08/09. I have all previous years allowance with Kent Reliance (rate drop to 5.76% recently) so am looking for somewhere I can transfer in the past years too. The A&L 6.25% ISA looks the best deal right now...

Does anyone know of anything better than this for transfer ins?
Should I be waiting to see what the competition is?

I don't like to miss too many days of interest, so was hoping to set up the 08/09 asap.
Has anyone set up 08/09 with A&L (perhaps in branch as cannot see anything online yet)? I am assuming it will take a few days to set up and wanted to avoid as much loss as is possible. Any advice about this?

Thanks!

For your KRBS ISA money:

If u pick a new ISA provider whom fully "backdates" interest u will lose no interest during the period that the transfer cheque is in transit and being banked.

( Examples of whom backdates interest on ISA transfer in(s) are Nationwide BS, Abbey PLC, Halifax PLC,Saffron BS, with LloydsTSB ( 9000.00 +) having been reported to backdate interest from customers experiences, the others ive quoted are fact based on my research)

Icesave and A+L have been reported by MSE poster (s) to not backdate interest to date of outgoing transfer cheque.

Re: Your 2008/09 ISA ( 3600) Unless u are desperate to keep all your ISA funds in 1 place u might like to consider Bradford and Bingley 6.25% One Year Fixed Rate ISA ( No transfers in)

Other option is LloydsTSB : 6.5% One Year Fix on 9000.00 +

Parisian

Thanksssss! :T

Thing is I'd much rather have access to my funds so am reluctant to fixed term accounts....

Also, if I did choose an account with no transfer ins for 08/09... what would I do with the amount left in KentRBS? 5.76% is a bit low to be leaving it there.... do other places take in past years amounts (without you investing or moving your current year funds in?)

Parisian

That Bradford & Bingley account.... what would be the advantage, as it's 6.25% (same as A&L).... but requires you to have a fixed term, and does not allow transfers in...
Wouldn't A&L be better?

bristolleedsfan

Parisian wrote: »

That Bradford & Bingley account.... what would be the advantage, as it's 6.25% (same as A&L).... but requires you to have a fixed term, and does not allow transfers in...
Wouldn't A&L be better?

Advantage of B+B One Year Fix is that the rate wont go down should Base Rates get reduced within the next 12 Months which is the general expactation.

bristolleedsfan

Parisian wrote: »

Thanksssss! :T

Thing is I'd much rather have access to my funds so am reluctant to fixed term accounts....

Also, if I did choose an account with no transfer ins for 08/09... what would I do with the amount left in KentRBS? 5.76% is a bit low to be leaving it there.... do other places take in past years amounts (without you investing or moving your current year funds in?)

U can transfer your KRBS ISA funds to any provider that accepts transfers in and take out a new ISA in 2008/09 with whoever u desire.

If u want access to your ISA funds then better not to fix. ( Barclays has a 0.25% higher A.E.R variable rate for new 2008/09 ISA money than A+L )

Parisian

Thanks. I see what you mean. But am really looking for soemwhere that is not fixed, and ideally allows transfers in (unless there is someplace better than 5.76% that i can transfer my past funds too)....

bristolleedsfan

Parisian wrote: »

Thanks. I see what you mean. But am really looking for soemwhere that is not fixed, and ideally allows transfers in (unless there is someplace better than 5.76% that i can transfer my past funds too)....

http://www.moneyfacts.co.uk/savings/bestbuys/mini-cash-isas-accepting-transfers-in.aspx + Abbey 6.25% Variable

( Scarborough BS are famous for "launching" top paying accounts, rather than maintaining long term best buy accounts.)

Indispensable_Hobbes

I'm transferring my prev subscriptions to Abbey and getting a Barclays isa for the next year (unless something has kicked off that i havent read about )