Cash Isa at Lloyds TSB

billy187_2

Hi im im currently a student and will be starting my first year at university later on this year and want to sort out my finances. I currently have just under £10,000 in a cash isa with lloyds tsb but i seem to get paid a really low amount of interest. After depositing the full 3000 the first year i got £88 and the second year after depositing another 3000 got around £140. At the start of this tax year i again deposited the new full amount of 3600. Tsb pay interest annualy and i get a statement each year, which is about it. I got a letter again the other day on how their dropping their interest rates again to 4.75% i think it was for having over £9000. So am i better of staying with tsb or have i got any other options? i probaly will be depositing the full amount each year for atleast another 3/4 years and wont be withdrawing anything if that helps....Would be great to have an account which i could check online whenever, tsb did tell me they were setting this up a few months back but nothing ever happened. Any recommendations that are pretty simple would be great taking into account im 18 years old :rolleyes:

thanx
billy

Baldur

Suggest that you read through this post, especially noting those Cash ISAs which permit inward transfers.

I would, personally, be choosing a better ISA manager and applying to them to transfer the LTSB ISA into their Cash ISA product.