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Cash I S A - It's That Time Of Year Again.


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Less than a month to go to find a home for this year's ISA allowance.

Fortunately, ISA rates seem to be on the rise with Santander offering 2.3% on a 2 year fix with early closure possible with loss of 120 days interest.

I always put it in at the start of the new tax year. Generally all the best deals have been promoted by then. Not that I'm expecting any good deal this year!

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I just moved mine into Sanantander 2.3% for 123 customers, 2 year fixed but money can be taken out with a 120 day interest pen. Transfers are also allowed

It's looking like the best option, but I'm slightly concerned that this would mean the entirety of my savings in the one institution - much less than the £85k or whatever the guarantee is, but still not entirely convinced that it's worth the paper it's written on if push came to shove...

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It's looking like the best option, but I'm slightly concerned that this would mean the entirety of my savings in the one institution - much less than the £85k or whatever the guarantee is, but still not entirely convinced that it's worth the paper it's written on if push came to shove...

Yep, I have most my cash savings in San'. I try to keep it under £85k by having a bit of cash in other banks, buying stocks and gold coins, also going to open next years ISA somewhere else. Could be a interesting time to be a saver next year with a £15000 ISA limit and ability to move to and from stocks and cash ISA's!

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  • 3 weeks later...
  • 2 weeks later...

I just moved mine into Sanantander 2.3% for 123 customers, 2 year fixed but money can be taken out with a 120 day interest pen. Transfers are also allowed

Santander have just reduced the rate for the non 123 2 year fixed rate ISA from 2% to 1.8%.

The 123 ISA is still 2.3%, but for how much longer? To be safe, I opened ours today with instructions to transfer-in the contents of our existing ISAs when they mature at the end of the month.

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I realise that Nationwide is a bit of a swear word to some, but they have a "Regular Saver" ISA paying 2.5% ... http://www.nationwide.co.uk/products/isas/all-isa-accounts ... allows deposits of £1,250 per month (athough what happens if/when you hit the ISA limit I do not know ...).

At £1,250 a month, you won't breach the NISA limit.

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Does anyone have any suggestions for a Stocks and Shares ISA fund that is as close to cash as possible?

I'm looking to get the whole kaboosh free from tax asap though dont want any stock market tracker fund.

I have some dosh in a Hargreaves Lansdowne Vantage ISA account doing nothing and would like to find a "cash like" home for it.

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Does anyone have any suggestions for a Stocks and Shares ISA fund that is as close to cash as possible?

I'm looking to get the whole kaboosh free from tax asap though dont want any stock market tracker fund.

I have some dosh in a Hargreaves Lansdowne Vantage ISA account doing nothing and would like to find a "cash like" home for it.

The new ISA limit of £15K can be all cash if you wish.

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The new ISA limit of £15K can be all cash if you wish.

Durr... thanks Bruce. Should have registered with me.

However, i still have a previously invested £5k that is sat doing nothing in HL.

Need to find a "cash like" home for that as a SS ISA.

Stocks are too high at the moment for me to dip in there.

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  • 6 months later...

Just had a nice message from Virgin money informing me that 'as a valued customer' they will be reducing the interest rate on my isa savings from 1.5% to 1.31%. To55ers.

That's why I prefer fixed term for ISAs as it's difficult to move the money around if they change the rate.

Santander are currently offering 1.7% if you have a 123 card and 1.4% if you don't on a 2 year term with 120 day loss of interest if you need the money sooner. We've each got two ISAs with them, one at 3.1% with six month to run and the other at 2.3% with eighteen months to run.

I'm not a great lover of Santander, but they always seem to have the best deals when we want to use up our ISA allowances early in the tax year. I'm keeping my fingers crossed for better than 1.7% in April.

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  • 3 months later...

That's why I prefer fixed term for ISAs as it's difficult to move the money around if they change the rate.

Santander are currently offering 1.7% if you have a 123 card and 1.4% if you don't on a 2 year term with 120 day loss of interest if you need the money sooner. We've each got two ISAs with them, one at 3.1% with six month to run and the other at 2.3% with eighteen months to run.

I'm not a great lover of Santander, but they always seem to have the best deals when we want to use up our ISA allowances early in the tax year. I'm keeping my fingers crossed for better than 1.7% in April.

Santander have just raised the 2 year 123 rate to 2.0%.

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