best isa at the mo ? still halifax ?

richev

Hi all

Im just about to put some cash in a isa.
is halifax still doing the best rate ?

bristolleedsfan

richev wrote: »

Hi all

Im just about to put some cash in a isa.
is halifax still doing the best rate ?

I wasnt aware that Halifax ever did the best ISA rate.

richev

Hi
good point lol

i just done a search and apparently barclays tax haven isa is offering the most at 6.5%

richev

Barclays rate Gross 6.31% and AER 6.5%
What does the above meen ?

What is the rate i will be getting ?? The gross rate isn't it ?

debbie42

richev wrote: »

Barclays rate Gross 6.31% and AER 6.5%
What does the above meen ?

What is the rate i will be getting ?? The gross rate isn't it ?

Have you seen this article? It explains the differences between the two. The AER is the one to use for comparison purposes between different accounts.

richev

thanks that was helpful
i shall take a look

surreysaver

richev wrote: »

Barclays rate Gross 6.31% and AER 6.5%
What does the above meen ?

What is the rate i will be getting ?? The gross rate isn't it ?

This account pays interest monthly, at an annual rate of 6.31%. Therefore you earn interest every month on the interest (compounded interest), which is equivelant to (assuming you do not withdraw any money) 6.5% paid once after a year.

owitemisermusa

richev wrote: »

Hi
good point lol

i just done a search and apparently barclays tax haven isa is offering the most at 6.5%

Dropping to 6.27% AER i believe.