Best cash ISA?

holly876dog

Anyone know of best minicash ISA's with no strings attached? Currently with IF but getting a bit fed up with their customer service and poor rates.
Thx
xx

KTF

Have a look here:

http://www.moneyfacts.co.uk/savings/charts/savings_mini_cash_isa.htm

Rebecca22

I'm looking into it at the moment as well - best seems to be Halifax - it's a bit annoying that you can't open an online account online though!

YorkshireBoy

Rebecca22 wrote:

...it's a bit annoying that you can't open an online account online though!

That's because it's designed to be a postal account - according to Halifax anyway.

Once it's up and running, you can withdraw money online (to a linked account - not necessarily a Halifax one), but to deposit money I believe you have to "push" the money in from elsewhere. For me, as a once a year depositer, this means using my non-Halifax current account's internet banking system. For the regular saver, I suppose a monthly standing order method would suffice.

Anyway, it tops the best-buy tables at 5.00%, even after their recent rate cut of 0.10%.

derrick

Beverley mini cash ISA 5.05%

YorkshireBoy

derrick wrote:

Beverley mini cash ISA 5.05%

It's another option Derrick, and a slightly better rate, but the Halifax is a "stakeholder" product whereas the Beverley BS would appear not to be...

"Accessible - one penalty free withdrawal allowed each tax year. Other withdrawals allowed subject to 30 days notice or 30 days loss of interest.
Minimum initial deposit £500."

http://www.beverleybs.co.uk/investments_minicash.cfm

derrick

YorkshireBoy wrote:

It's another option Derrick, and a slightly better rate, but the Halifax is a "stakeholder" product whereas the Beverley BS would appear not to be...

"Accessible - one penalty free withdrawal allowed each tax year. Other withdrawals allowed subject to 30 days notice or 30 days loss of interest.
Minimum initial deposit £500."

http://www.beverleybs.co.uk/investments_minicash.cfm

True but re withdrawals, an ISA is the last place you should be withdrawing money from (it should not be used as an instant access acc) and the 1 free withdrawal means ,to my mind, the transfer to a better paying ISA.

YorkshireBoy

derrick wrote:

True but re withdrawals, an ISA is the last place you should be withdrawing money from (it should not be used as an instant access acc) and the 1 free withdrawal means ,to my mind, the transfer to a better paying ISA.

These are also my views, but...

1. The OP's brief was "with no strings attached".

2. Any tax-payer who is unable to save more than £3,000 per year should use their ISA as their "instant access" account - surely?

waterbaby

YorkshireBoy wrote:

2. Any tax-payer who is unable to save more than £3,000 per year should use their ISA as their "instant access" account - surely?

Definitely true. I have the Sainsbury's 12 month 0% card and am only paying back the minimum, holding onto the rest for interest. I have about 2k so far.

I can't afford £250 a month for my ISA, more like £50-£100 (=about 1k a year.)

So my 2k that I owe Sainsburys is en route to my ISA. Yes it will have to be withdrawn, but as I can only pay in roughly £1k of my own money, I am not wasting my allocation.

Indispensable_Hobbes

http://www.scarboroughbs.co.uk/savingsandinvestments/products/my_savings.html

Rates for up to 1 withdrawal and 10 or more monthly payments
Gross p.a.* Net p.a.* AER**
From £10 - £15,000
6.00% 4.80% 6.00%

derrick

jenyking wrote:

http://www.scarboroughbs.co.uk/savingsandinvestments/products/my_savings.html

Rates for up to 1 withdrawal and 10 or more monthly payments
Gross p.a.* Net p.a.* AER**
From £10 - £15,000
6.00% 4.80% 6.00%

This is a regular savings ISA, (£10-250 per month), i e no lump sum can be put in nor can you transfer in from another provider and has a limit of £15000 !