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awaytogo

New 2014-15 Isa Year,

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Hi everyone

Has anyone seen any better ISA deals for the new forth coming tax year14-15 than the Coventry 4year 2.75% deal,

Thanks

Still paying coventry to keep your money (given real inflation). If you have a 4 year time horizon how about buying some corporate debt or dividend producing companies - you could probably get up to 5/6% with a diverse mix.

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Hi everyone

Has anyone seen any better ISA deals for the new forth coming tax year14-15 than the Coventry 4year 2.75% deal,

Thanks

Leeds BS are doing a 5 year fixed with 180 day interest penalty (25% is penalty free) for 2.8%

The cash ISA's (fixed and easy access!) are all so bad, I would agree katchytitle and put some into a self select stock and shares ISA. You can always move in back into cash later in the year in any case .Although, I think that is what they are trying to push everyone towards!

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Best I can find is this at 3%: http://www.dotcu.org.uk/creditunion/savings/isa.html

I think it works best when you have a large sum to transfer and are able to fix for a year. Membership is £30 annual.

That is a remarkably attractive one year fixed rate compared to whats on offer elsewhere - and full access with only 90 days interest penalty as well - even with the £30 membership fee.

http://www.dotcu.org.uk/assets/images/Cash_ISA_Savings_2014_DCCU_HR.pdf

They also accept transfers from prior year ISAs.

Say you invested the full £15k allowance this year from July you would earn £450 in interest - compared to the best one year fixed rate from Britainnia say of 1.7% generating only £255. So you are £165 better off - even allowing for the £30 membership fee. If you transfer previous years - even better.

Plus as its a credit union - you are helping others too less fortunate that you. It is also subject to the Financial services compensation scheme for up to £85k - albeit listed as the Enterprise The Business Credit Union Limited.

Why invest for 2.75% with Coventry at a four year fix when you can get 3% for a one year fix (less a £30 flat rate charge).

Edited by MARTINX9

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