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First Direct 6% ISA

Did anyone else get this ISA with this great interest rate until 6th october? As this date is appearing and the rate was due to drop I thought I should transfer soon. The current top ISA is 5.5% with First Direct...I know this is stupid but I presume I can't transfer into that one.Any advice?..the next 4 listed are all 5% with variable rates and different times of interest paid.....from Halifax to Bradford & Bingley... :confused:

Comments

  • isasmurf
    isasmurf Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This is being discussed in this thread on the ISA Board.
  • llydaw
    llydaw Posts: 133 Forumite
    Part of the Furniture Combo Breaker
    Having gone through the guide and read the best way to stash my cash. I was thinking of paying my cash against my mortgage first before building up my savings. Any thoughts??
  • Tim_L
    Tim_L Posts: 3,827 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The problem with this is that you can't easily get access to the money if you need it - it's stuck in the equity in your home. As a rule of thumb you should have readily available cash of about 3x your monthly income as an emergency.
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