Which Isa?

[Maynard]

Evening everyone.

Have just been reading up a bit on ISAs. I'm thinking about going for an Index-tracker ISA.

I'm only thinking about paying in £100-200 a month. Can anybody recommend a good account?

All the best

Maynard

[erd]

At the moment, no!

I am trying to find one to move my money to at the moment and keeping up with all the rate falls is hard work.

It also seems the comparison sites list those with short-term high interest rates first, eg first direct 5.5% until feb, then 4.0%!

[Nijo]

I think Maynard is talking about a share ISA rather than a cash ISA.

As such I would also suggest going the index tracker route as they're cheap and will perform averagely well: all other things being equal you'll do better than picking a random expensive fund.

Since you're looking at paying in every month you shouldn't need to worry about timing too much... however you might want to consider waiting a month or two before you start. The likelihood is that we're in for a correction, it being September and all, although past performance / future gains yadda yadda means I could be wrong.

Until I sold it I had the Fidelity Moneybuilder UK Index. Halifax also have one that might be easier to access although they have a 1% annual fee.

You're looking for zero entrance and exit fees and low or zero annual costs.

Maybe this is a good place to start looking:

http://www.fidelity.co.uk/direct/select/fu...se/tracker.html

[Nijo]

As for Cash ISAs, have you looked at this?

http://www.fsa.gov.uk/tables/

Select savings accounts, tax free, etc then sort the list by AER.

5.25% seems to be the highest on that list (not counting First Direct)...

[Killer Bunny]

As such I would also suggest going the index tracker route as they're cheap and will perform averagely well: all other things being equal you'll do better than picking a random expensive fund.

You're looking for zero entrance and exit fees and low or zero annual costs.

<{POST_SNAPBACK}>

The only knowledgeable word in these sentences is 'random'

[Nijo]

The only knowledgeable word in these sentences is 'random'

<{POST_SNAPBACK}>

What's wrong with my sentences?