| |
Major Site Upgrade in Progress |
|
1984
Newbie
Joined: 14 May 2006
Posts: 14
Cash Points ££ 538.76
|
|
|
 |
|
 |
|
 Posted: Sun May 14, 2006 6:31 pm Post subject: What's the Best cash ISA ? |
 |
|
|
 |
|
 |
|
|
|
|
Hi All
Getting my finances in shape and one of the things Ive not done to date is to open a cash isa, so which is the best cash isa around at the moment
thanks ! |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
|
|
|
|
|
|
| Posted: Sun May 14, 2006 7:09 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| There is an earlier thread about the National Savings 5.05% Direct ISA, which is probably one of the best deals at the moment. full specs are to be found there... |
|
|
|
|
|
|
|
Nadeem
Veteran Investor
Joined: 11 Jul 2004
Posts: 639
Cash Points ££ 13955.74
|
|
|
|
|
|
|
| Posted: Sun May 14, 2006 7:25 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| A&L and Halifax are both still offering 5% rates on their cash isa's |
|
|
|
|
|
|
|
Fuzzy
Stranger
Joined: 06 Feb 2005
Posts: 8
Cash Points ££ 216.56
|
|
|
|
|
|
|
| Posted: Fri May 19, 2006 8:29 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
Portman building society has two new Isas: a regular saver account paying 8 per cent interest, and a 15-day notice product paying 5.3 per cent.
At the end of 12 months, money is automatically transferred to Portman's Easy Access Isa, paying 4.5 per cent. If you want to transfer out of this account, you face a £30 fee, which could wipe out all your interest earned. |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
|
|
|
|
|
|
| Posted: Tue May 23, 2006 5:55 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| Fuzzy wrote: | Portman building society has two new Isas: a regular saver account paying 8 per cent interest, and a 15-day notice product paying 5.3 per cent.
At the end of 12 months, money is automatically transferred to Portman's Easy Access Isa, paying 4.5 per cent. If you want to transfer out of this account, you face a £30 fee, which could wipe out all your interest earned. |
Good point Fuzzy !
Always check the Terms and conditions, though the vast majority of cash isa providers do NOT charge a transfer out fee. |
|
|
|
|
|
|
|
Dshepard
Beginning Saver
Joined: 28 Feb 2005
Posts: 29
Cash Points ££ 381.46
|
|
|
|
|
|
|
| Posted: Tue May 23, 2006 11:21 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| I can't find anything better than 5.3% ? So thanks I think I will go with this one for this year, and then transfer out at the end of 12 months |
|
|
|
|
|
|
|
Sami
Beginning Saver
Joined: 17 Apr 2006
Posts: 39
Cash Points ££ 795.66
|
|
|
|
|
|
|
| Posted: Fri Jun 02, 2006 11:29 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| Sarah wrote: | | There is an earlier thread about the National Savings 5.05% Direct ISA, which is probably one of the best deals at the moment. full specs are to be found there... |
I second that, easy to setup and they did not ask for ANY ID etc... |
|
|
|
|
|
|
|
redrose
Beginning Saver
Joined: 04 Apr 2005
Posts: 33
Cash Points ££ 544.14
|
|
|
|
|
|
|
| Posted: Thu Jun 08, 2006 12:18 am Post subject: |
|
|
|
|
|
|
|
|
|
|
I applied to this ISA because of the favourable interest rate and the online access. I applied 3 weeks ago and today received the letter confirming that my account had been opened and they took the opening deposit of £2k.
I thoguht that if you applied online you selected your own password, but , when I had completed the transfer of an additional £1k to use up the full the SA, I phoned to for transaction. but my online password was wrong, so they are sending me a new one and i can't add to the isa until I recieve this ! |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
|
|
|
|
|
|
| Posted: Fri Jun 16, 2006 6:21 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| Fuzzy wrote: | Portman building society has two new Isas: a regular saver account paying 8 per cent interest, and a 15-day notice product paying 5.3 per cent.
At the end of 12 months, money is automatically transferred to Portman's Easy Access Isa, paying 4.5 per cent. If you want to transfer out of this account, you face a £30 fee, which could wipe out all your interest earned. |
The portmans now paying 5.25% it was 5.1% |
|
|
|
|
|
|
|
Truman
Newbie
Joined: 08 Mar 2005
Posts: 12
Cash Points ££ 208.24
|
|
|
|
|
|
|
| Posted: Mon Jun 19, 2006 12:54 am Post subject: |
|
|
|
|
|
|
|
|
|
|
Hi
I can see you have missed that the portman isa requires 25 days notice...
 |
|
|
|
|
|
|
|
Sami
Beginning Saver
Joined: 17 Apr 2006
Posts: 39
Cash Points ££ 795.66
|
|
|
|
|
|
|
| Posted: Thu Jun 22, 2006 1:28 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| Thanks all, I will open an account later today |
|
|
|
|
|
|
|
redrose
Beginning Saver
Joined: 04 Apr 2005
Posts: 33
Cash Points ££ 544.14
|
|
|
|
|
|
|
| Posted: Sun Jul 09, 2006 10:25 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| Should I open one now or wait for rates to rise ? |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
|
|
|
|
|
|
| Posted: Thu Aug 03, 2006 1:07 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| Given todays base rate rise, it is likely the best rate todate of 5.05% is going to be beaten in the coming weeks, so best hold off opening a cash ISA for a couple of weeks as the market adjusts to the rates rise |
|
|
|
|
|
|
|
Phillipa
Veteran Investor
Joined: 05 Feb 2005
Posts: 419
Cash Points ££ 3383.78
|
|
|
|
|
|
|
| Posted: Mon Aug 07, 2006 12:23 am Post subject: |
|
|
|
|
|
|
|
|
|
|
National savings having raised theires to 5.3% for a fixed rate tracker
An alternative good instant access is Bradford and Bingleys Cash ISA at 5%
Details -
* variable rate of interest
* Tax free
* Online access, 24 hours a day
* Monthly or annual interest options
* Annual interest rate: 5.00% p.a. tax free, 4.00% p.a. net, 5.00% AER
* Monthly interest rate: 4.89% p.a. tax free, 3.91% p.a. net, 5.00% AER
* Minimum opening investment £1,000
* Withdrawals any time via BACS to a nominated account without penalty
http://www.bradford-bingley.co.uk/savingsandinvestments/esavingsISA.asp |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
| | | |
