MK5 Golf GTI

General => Random Chat => Topic started by: berg on October 12, 2012, 09:31:22 am

Title: Cash ISA's
Post by: berg on October 12, 2012, 09:31:22 am

Anyone opened one recently with a good opening rate?

Title: Re: Cash ISA's
Post by: garrardrj on October 12, 2012, 09:40:30 am

Depends what type you open to what type of rate you get. Do one online and rates are better . Tie your money up for longer and get a better rate . Daily Mail are running a petition to get the same rate as fixed bonds , sign that for better future rates . The Financial institutions have been fiddling the rates and this may be the next PPI together with the Interest only mortgage scandal !

Title: Re: Cash ISA's
Post by: berg on October 12, 2012, 10:33:00 am

ah right ok will have a gander on t'interweb offers

Title: Re: Cash ISA's
Post by: Tamiyoman on October 12, 2012, 11:30:38 am

http://www.moneysupermarket.com/savings/cash-isas/?source=GOO-3CBA39CC&p=0&keywords=isa'sPhrase&mckv=stcKBgkkR_pcrid_26484182498_mtype_p_kword_isa's_2764ri918980&uuid=4072EC80-E6BA-4578-8207-A80D7CCFCC47&gclid=CMnVt-Wi-7ICFeTLtAodZDEABQ

Title: Re: Cash ISA's
Post by: berg on October 12, 2012, 11:34:26 am

Quote from: Tamiyoman on October 12, 2012, 11:30:38 am

http://www.moneysupermarket.com/savings/cash-isas/?source=GOO-3CBA39CC&p=0&keywords=isa'sPhrase&mckv=stcKBgkkR_pcrid_26484182498_mtype_p_kword_isa's_2764ri918980&uuid=4072EC80-E6BA-4578-8207-A80D7CCFCC47&gclid=CMnVt-Wi-7ICFeTLtAodZDEABQ

mmmm, 3.5 on virgin

Title: Re: Cash ISA's
Post by: phil1975 on October 12, 2012, 11:38:38 am

General rule of thumb is the longer you can lock it away for and the least access you need the higher rate you get. I locked mine away for 5 years with the halifax in april and got 4.5%. Just remember to be proactive with your savings and shift your money as soon as any bonus offers expire.

I find martin lewis on www.moneysavingexpert.com very useful for clear unbiased advise.

Title: Re: Cash ISA's
Post by: garrardrj on October 12, 2012, 12:43:30 pm

I wouldn't recommend locking your money away for 5 years .... 2 years max . The markets are so volatile at the moment that in 5 years interest rates could be 10% , then they could be 1% too  :innocent:

Title: Re: Cash ISA's
Post by: Tamiyoman on October 12, 2012, 12:53:32 pm

I do 1 year fix on my ISA's (what little is left after buying the Eddie last year :grin:), I also add £250 to them monthly, I use my ISA's to save for my next car (Golf R) and to pay for the following years snowboarding and golfing holidays (2 snowboarding and 1 Golf Holidays)  :happy2:

I dont do summmer holidays, get bored lying on a beach after about 10 mins  :signLOL: :signLOL: