ISAs - Great deals

[V8mate]

Just thought I'd start a thread to gather the collective radars of PHers to spot the best ISA deals of the new financial year.

So if you see a good deal in the market - let us all know!

[TotalControl]

I don't have the information to hand, but Santanders ISA accounts do look good. Set mine up a little while ago.

[V8mate]

Yep - we picked one up for 2009/10 too. They were one of very few who were accepting transfers-in last year.

Looking for new year deals now though.

[V8mate]

So far I've found these two:

1. Post Office Fixed rate Cash ISA - 3% (allows transfers in)

2. Santander Flexible ISA - 3.2% (no transfers in allowed)

Anyone found any better deals?

[twinturboz]

How about a trading ISA. Would probably do a lot better than 3.2% if you invested in stocks, however you do have the added risk and I guess that's to not everyone's taste.

Edited by twinturboz on Tuesday 6th April 14:57

[V8mate]

Can you recommend any investment ISA providers with good track records?

[twinturboz]

V8mate said:

Can you recommend any investment ISA providers with good track records?

Sorry mate I haven't used any before, I manage my own trading Isa. Maybe others here have experience of them.

[Thou]

V8mate said:

Can you recommend any investment ISA providers with good track records?

I began using TD Waterhouse last year, no issues with them so far, well known, reasonable commission charges, however I chose them mainly due to how the site is laid out, found it very easy to use and navigate for a beginner.

iii.co.uk is also worth a look.

[Maxf]

Thou said:

V8mate said:

Can you recommend any investment ISA providers with good track records?

I began using TD Waterhouse last year, no issues with them so far, well known, reasonable commission charges, however I chose them mainly due to how the site is laid out, found it very easy to use and navigate for a beginner.

iii.co.uk is also worth a look.

Same here - pretty user friendly. However, almost every fund I've looked at investing in hasn't been on their platform!

[Graham E]

warning on that post office isa - you're in for the year, and they have a breakage fee for withdrawls before the end of the year.

[Yeast Lord]

Graham E said:

warning on that post office isa - you're in for the year, and they have a breakage fee for withdrawls before the end of the year.

Plus post office is bank of Ireland isn't it? It's not over until it's over.

[t84]

Am I being thick but isn't 3% on a £3000 ISA only about £90? Seems like a lot of hassle for a years work?

[Workshy Fop]

I've noticed some ISA's calculate interest daily rather than paying x% at the end of the term.
Any ideas how to work this out e.g. a 2.5% daily vs a 3% yearly.

[V8mate]

t84 said:

Am I being thick but isn't 3% on a £3000 ISA only about £90? Seems like a lot of hassle for a years work?

You're not thick. It's just how st savings accounts are at the moment. The ISA just ensures that that paltry amount isn't further eroded by tax.

[trickywoo]

Just to add that santander are doing a transfer in isa at 2.75% on balances above £9,000.

[Matt..]

I'm not going to bother opening a new account this year as they're all so bad. My Natwest eISA gives me 2.97% gross, so i'm just going to transfer everything into that.

[DSLiverpool]

Or if you think the stock market will sustain lob it into a stocks and shares isa investor on low / med risk up to £850 a month

[Maxf]

Matt.. said:

I'm not going to bother opening a new account this year as they're all so bad. My Natwest eISA gives me 2.97% gross, so i'm just going to transfer everything into that.

You might as well open a new account to get your money inside the 'wrapper' so you benefit when rates go back up.

[ringram]

Yeah even if you only break even, at least you have it protected in a tax free wrapper and can transfer it to a better rate in later years or even move it to a S&S ISA etc.

[ClassicMercs]

Forget ISA - they are now a rip off.

Historically you always got interest rates at the same as other leading rates. Not anymore.

The 'institutions' have decided they can offer a lower rate of interest as the Gov't - us the taxpaper - is covering the rest of the cost by paying for the tax element. Therefore the institutions as paying lower interest to increase profits - at our cost.

Is better to open a good eSavings of similar - and pay some tax - rather cost the taxpayer. The country is knackered as it is without the bankers ripping us off even more. The sad thing is that you are still tied in to these robbers.

And its not just me off on one - there was a report out last week which backs up my own opinion.