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"Interest Gap Narrows Between ISAs And Standard Accounts"
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"There are just a few days left for savers to use their Isa allowance for the current tax year, which ends on 5 April.
However, savers who miss out on this year’s allowance may get almost as good a deal from an ordinary savings account according to new research by consumer group Which?
Isas have traditionally offered a higher rate of interest than standard savings account because of their tax-free status.
Which? now reports that the average interest rate on a cash Isa is just 0.44 per cent higher than the average standard savings rate."
I've dropped my whole ISA plan, the risks don't seem worth it. Instead I am gonna try my hand at trading stocks myself. At least if I lose it is due to my own doing and not someone elses.
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Interest Gap Narrows Between Isas And Standard Accounts
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#2
- HPC Poster
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Posted 28 March 2012 - 05:53 PM
Renewed Investor, on 28 March 2012 - 05:01 PM, said:
I've dropped my whole ISA plan, the risks don't seem worth it. Instead I am gonna try my hand at trading stocks myself. At least if I lose it is due to my own doing and not someone elses.
Why not trade them in a self select ISA, with Selftrade or another low cost provider.
#3
- HPC Veteran
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Posted 28 March 2012 - 05:57 PM
yeah what is the point of these stupid bank isa's, they make them so hard to use because they expire each year.......why not just use the isa in a safe share like tesco or some company you use frequently and get the dividend......
Catherine Zeta Jones, she dips beneath the lazers o O O
She has entrapped me and Sean Connelly o O O
Catherine Zeta Jones, she dips beneath the lazers o O O
She has entrapped me and Sean Connelly o O O
She has entrapped me and Sean Connelly o O O
Catherine Zeta Jones, she dips beneath the lazers o O O
She has entrapped me and Sean Connelly o O O
#4
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Posted 29 March 2012 - 02:49 PM
Fatmanfilms, on 28 March 2012 - 05:53 PM, said:
Why not trade them in a self select ISA, with Selftrade or another low cost provider.
That is another alternative. I was looking at Interactive Investors ISA packages and they offer services like that.
Thing is though, with all this economic uncertainty I am not sure tying my money up for 3 years or so is a good idea. That is what is turning me towards trading. I have done some trading before in the past and did fairly well, but never with this much cash.
#5
- Targ
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Posted 03 April 2012 - 07:31 AM
The main reason for making sure you use your ISA allowance each year is that you are building up a pot of money on which interest is tax free. That tax free status could be worth a lot more in the future than it is now.
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See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
#6
- HPC Regular
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Posted 04 April 2012 - 12:50 PM
The problem with any bank account is that unless you are getting around 10% a year then you are getting a negative yield. I think between 8 - 10% is the real inflation rate.
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