Cash in a shares ISA

wiseboy11

Hi

During recent market turmoil, I cashed out of shares in my ISA, and have not ventured back in, so I now have 20k in cash in my maxi ISA with Selftrade

This pays only 3.25%

I am aware that one should hold cash, only with intention to re-invest, but with state fo market, I think it may well not be time to jump back in.

Does anyone know a way of getting a better return on the cash portion of an ISA?

Many thanks

PS This is my first post, so all advice gratefully received!

RayWolfe

Have you looked at Cash Funds, Bond Funds or Gilts Funds?

debbie42

Hargreaves Lansdown were recently advertising 6% gross (4.8% net) on cash in their ISA.

macca64

Obviously this is not advice, but you could try fixed interest/bond funds. These can still lose/gain in capital, but can also offer a fixed return of say 6% upwards. I think Invesco Perpetual monthly income (IIRC) currently yields over 6.5%.