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Realistbear

Dail Mail: "hold Tight As Isa Rates Plunge"

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http://www.thisismoney.co.uk/saving-and-ba...mp;in_page_id=7

Hold tight as Isa rates plunge

Sylvia Morris, Daily Mail

16 August 2006

SAVERs will see the rate on their tax-free cash mini Isa accounts fall at the end of this month even though Bank of England base rate has risen by 0.25% to 4.75%.
Those who took out a tax-free Cash Isa with HSBC between February 28 and April 28 this year were promised a 0.5% bonus for the first six months after opening their account.

A form of savings stagflation? Borrowing costs arise as saving rates plunge. Nice one. Time to get out of sterling and save in a foreign curency?

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Some new deals on Fixed rate bonds are starting to emerge:Birmigham midshires,1 year@5.5%and Northern Rock,1 year@5.3% though I suspect we will soon be seeing 1 year deals@ 5.75% shortly.

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Guest Alright Jack

http://www.thisismoney.co.uk/saving-and-ba...mp;in_page_id=7

Hold tight as Isa rates plunge

Sylvia Morris, Daily Mail

16 August 2006

SAVERs will see the rate on their tax-free cash mini Isa accounts fall at the end of this month even though Bank of England base rate has risen by 0.25% to 4.75%.
Those who took out a tax-free Cash Isa with HSBC between February 28 and April 28 this year were promised a 0.5% bonus for the first six months after opening their account.

A form of savings stagflation? Borrowing costs arise as saving rates plunge. Nice one. Time to get out of sterling and save in a foreign curency?

Can you transfer ISA deposits from one account to another or are you stuck to doing it £3000 per year?

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Can you transfer ISA deposits from one account to another or are you stuck to doing it £3000 per year?

Yes you can transfer them anytime you want, but its usually not worth it due to the loss of interest while transfering.

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Can you transfer ISA deposits from one account to another or are you stuck to doing it £3000 per year?

Think your stuck..only open one cash ISA a year..so if you opened you ISA in April probably stuck at around 5.2% for the year but if you open now get about 5.5%

Pretty stupid really...and not like the banks are going to change the reate your ISA is at because they know you are stuck!!

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Can you transfer ISA deposits from one account to another or are you stuck to doing it £3000 per year?

you can transfer isa deposits between providers,you are not locked in with the original provider.

I should point out that the bonds previously referred to were not isas,just an illustration that some rates for savers are looking good.

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A form of savings stagflation? Borrowing costs arise as saving rates plunge. Nice one. Time to get out of sterling and save in a foreign curency?

Hi RB,

Always take an interest in your posts, and have been thinking the same thing for a while now.

Got any suggestions as to which currency to transfer too, and why ??

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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