Barclays ISA rate after 1 year

gogsboy

I found from the site that Barclays were the best deal so put in £3000, what is the best thing to do now 1yr on, read a bit about being prepared to move to another ISA.

Any tips, do's ad dont's would be appreciated, looking to add another 3k but something tells me it's going to be best to move from Barclays.

Also I dont actually have a Barclays account so cant do anything online.

Thanks

salty_seadog

Hi gogsboy,
You need to look around for the isa that suits you best, i.e. there are some good variable rates with instant access around or if you can lock your cash away there are a couple of excellent fixed rate isas too,(Nationwide 1 or 2 year fixed rate at 6.15% is where my cash is going for the next 2 years).
Also when you want to transfer any money in from other isas into your new one you must let the new account provider arrange the transfer, you cannot do it yourself.

bristolleedsfan

gogsboy wrote: »

I found from the site that Barclays were the best deal so put in £3000, what is the best thing to do now 1yr on, read a bit about being prepared to move to another ISA.
.

Best to make arrangements to transfer out around a month before the 1% bonus is due to be removed to avoid being on the lower rate during the transfer out process which can take up to 30 days.

In most cases, you need to complete an ISA application form and transfer in form which you aquire from your new chosen provider.

Nationwide accept transfer in to its 6.15% One and Two Year Fix, they also fully backdate interest on transfer in (s)

Abbey ( 6.25% variable rate also backdate interest on transfer ins, Abbey rate includes another 1st year ish bonus)

If u want a longer Fix, Halifax also fully backdates interest on transfer in(s)

http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rates-isa.aspx