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    Which are the best banks for cash isa's?

    Just wondering which banks give you the best rates on isa's, I've had £1000 in a isa with tsb and got £9.48 intreat for the year, anywhere that does better than that?

    15 Comments

    Santander i think

    ]http//ww…ece

    Are you thinking of putting money into an Isa? Think again

    Original Poster

    soled73;8258926

    ]http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article7083418.eceAre you thinking of putting money into an Isa? Think again



    Well that certainly makes you think :?

    stick the money in premium bonds, least ur in a lottery everyweek, technically cost u nothing (only a naff interest) and the rewards could be nice!

    lanc_red;8258961

    stick the money in premium bonds, least ur in a lottery everyweek, … stick the money in premium bonds, least ur in a lottery everyweek, technically cost u nothing (only a naff interest) and the rewards could be nice!



    moneysavingexpert.com/sav…nds

    Doesn't have good things to say about premium bonds

    Emzy81;8259023

    http://www.moneysavingexpert.com/savings/premium-bondsDoesn't have good … http://www.moneysavingexpert.com/savings/premium-bondsDoesn't have good things to say about premium bonds



    not gonna get into a debate. if you happy earning an interest of possibly something around 50 quid then stick it in an ISA. For at least a chance of getting double that in a year then premium bonds are an option. no risk & can take out whenever....

    Biased article full of part truths.

    First, any ISA will make you money and tax free at that.

    Second, the market is full of low paying ISAs - so just don't pick one!

    Third, when the markets are tough it's harder to make money , so you can't just hand it over and forget about it the way you could years ago - you have to take an active interest in making your money work.

    Fourth, it doesn't take 4-5 weeks to swap an ISA I just did it - it took 2 weeks.

    Just do this.

    Check the comparison site or Moneysavingexpert.com to find the best ISAs. (was A&L paying 3% over base rate - now closed - but next year should be 3.2%. Use that as a comparison)
    Make sure that you can leave without penalty so that if/when a better rate comes along you can shift your cash.
    Kep an eye on the rate you are earning - if you get a letter saying that the rate is reducing, act immediately to switch to a better deal.
    At the end of the year start to look around for your next ISA and transfer when the rate drops. Either diary it or use the Rate Tart service on Moneysavingexpert.com.


    You just have to work harder at making your money work hard.

    Oh, last thing, don't ever pull money out yourself. Get your new ISA provider to do it for you.

    lanc_red;8259071

    not gonna get into a debate. if you happy earning an interest of possibly … not gonna get into a debate. if you happy earning an interest of possibly something around 50 quid then stick it in an ISA. For at least a chance of getting double that in a year then premium bonds are an option. no risk & can take out whenever....

    An absolutely minimal chance though. If you fancy playing the percentages then earning interest on your money is always the better option.

    lanc_red;8259071

    not gonna get into a debate. if you happy earning an interest of possibly … not gonna get into a debate. if you happy earning an interest of possibly something around 50 quid then stick it in an ISA. For at least a chance of getting double that in a year then premium bonds are an option. no risk & can take out whenever....



    No need to get defensive and I never asked for a debate, I was actually interested in premium bonds after you mentioned them so had a quick search about them. The chance is so slight that I think I may as well continue with the ISA route, like previous posters said it takes a bit of work

    Banned

    NS&I :thumbsup:

    Most NEW Cash ISAs pay far more than 0.5%.

    The banks are rather sneaky (what a surprise) in that they offer a good rate to start with (say 3.5%) then after a while drop it.

    Best thing to do is open one that is 3.0% or more, then moniter the interest (they will send you a statement every few months).

    If the interest starts to drop then transfer it to another company, plenty of people are happy to take ISA transfers.

    No date on article below this but I think it is this year.

    metro.co.uk/mon…eld
    .

    Anyway why is this under the "Computers" topic.

    dcx_badass;8260440

    I got premium bonds instead as well. Bought them in January and Won £125 … I got premium bonds instead as well. Bought them in January and Won £125 this month.



    You are lucky, I have had mine for almost 20 years, never won a bean.:x

    dcx_badass;8260440

    I got premium bonds instead as well. Bought them in January and Won £125 … I got premium bonds instead as well. Bought them in January and Won £125 this month.

    I'm sure your 'exception that proves the rule' badge is in the post.
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