Best ISA to go for?

#2
Go on moneysavingexpert - sign up for the email, and he updates you weekly on stuff like this. I think the best rate for easy acess at the moment is about 2.8%
 
#3
The helpful answer is it depends.

Ask yourself:
Do you want a shares or cash ISA?
How much risk are you willing to take with your money?
When are you likely to want the money back?
What other shares/investments have you got?
 

Sixty

ADC
Moderator
Book Reviewer
#4
So those in the know whats the best ISA to go for this year?
Cash ISA? I wouldn't bother. Any rate you get is never going to keep pace with inflation so you're basically saving to stand still.

Stocks and Shares ISA is the way to go (in my non-financial advice giving opinion) but that opens up a whole other can of worms concerning risk and suchlike.
 
#5
Cash ISA? I wouldn't bother. Any rate you get is never going to keep pace with inflation so you're basically saving to stand still.

Stocks and Shares ISA is the way to go (in my non-financial advice giving opinion) but that opens up a whole other can of worms concerning risk and suchlike.
Nottingham BS do a regular ISA saver for 1 year.
4% max £480 per month
 
#8
Santander do 3% on their 123 current account. More than I get from any ISA I've got.
 
#10
Today's the day. Any interesting ideas on ISAs? As Supermark500 above says, the Santander 123 current account gives you 3%, but maybe the roulette wheel of ISA can get you more for all that cash you have sloshing around in there. The Hargreaves & Lansdowne site shows some good possibles, and I like the look of the ARM Holdings Ordinary within a S & S ISA.
 
#11
Today's the day. Any interesting ideas on ISAs? As Supermark500 above says, the Santander 123 current account gives you 3%, but maybe the roulette wheel of ISA can get you more for all that cash you have sloshing around in there. The Hargreaves & Lansdowne site shows some good possibles, and I like the look of the ARM Holdings Ordinary within a S & S ISA.
ISA rates are crap, and now there is tax relief on normal bank interest the 123 is looking a good option.
 

Sixty

ADC
Moderator
Book Reviewer
#12
Today's the day. Any interesting ideas on ISAs? As Supermark500 above says, the Santander 123 current account gives you 3%, but maybe the roulette wheel of ISA can get you more for all that cash you have sloshing around in there. The Hargreaves & Lansdowne site shows some good possibles, and I like the look of the ARM Holdings Ordinary within a S & S ISA.
I've just transferred mine away from my old provider since they wouldn't answer the sodding phone when I was trying to pay more in. I've switched to a Baillie Gifford Investment Trust ISA which I'm happy with.

Not a huge selection of Investment Trusts to choose from but those they have are solid.

Investment Trust Share Plan/ISA | Individual Investors | Baillie Gifford

(Not financial advice etc)
 
#14
I've just transferred mine away from my old provider since they wouldn't answer the sodding phone when I was trying to pay more in. I've switched to a Baillie Gifford Investment Trust ISA which I'm happy with.

Not a huge selection of Investment Trusts to choose from but those they have are solid.

Investment Trust Share Plan/ISA | Individual Investors | Baillie Gifford

(Not financial advice etc)
Thought so, it's a stocks and shares ISA, so the value can go down as well as up, so they souldn't be able to quote a rate of interest.

Why not go it alone and have a financial company look after your shares in an ISA, you can pay in what you want when you want, but a bit more riskier.
 
#15
Look at your banks savings accounts too, Santander offer an online savings account that lasts for 12 months and offers 5% interest on the money saved there, but you have to be a current account customer. You can only transfer £200 a month into it but for 5% if you have the cash spare you may as well bung it in.
 
#19
A chap by the name of David reckons offshore is the way to go this year

Archie

Are you sure, when I asked him he denied it and said it was his dad that did it, he didn't get a penny out of it. Well he would say that wouldn't he!
 

AlienFTM

MIA
Book Reviewer
#20
Look at your banks savings accounts too, Santander offer an online savings account that lasts for 12 months and offers 5% interest on the money saved there, but you have to be a current account customer. You can only transfer £200 a month into it but for 5% if you have the cash spare you may as well bung it in.
After father in law died, we put his money into ISAs with Barclay's. They did quite well. Autumn 2015, the interest rates on all cash ISAs crashed. Couldn't find a decent deal.

I converted my Santander Current Account to 123, it pays nearly £60 per month with 20k in the account. Far better than any ISA I could find. I considered being devious and setting self and Zero Alpha up with an individual 123 account each to get nearly the same three times but thought it smacked of foul play.

Then out of the blue Santander phoned me and to cut a long story short did exactly that for us. So the first 60k are earning over £150 a month, the rest is in their ISAs doing nothing like as well. Bonus, this financial year the 123 accounts pay gross of tax and being unemployed retired, it's all in my favour.

I just had a letter from Barclay's telling me that interest rates are falling (again). No sh¡t Sherlock, why do you think I am earning an extra £150 a month elsewhere you moneygrabbing bastids?
 

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