i have last years cash isa with alliance and Leicester, who were paying around 5.5% interest. will this rate carry on for the duration of the isa? . also whats the best thing to do with this years isa? i notice none of the rates will match 5.5%.
tia.
Not unless you have a fixed rate - which I doubt. Most cash ISAs are variable rate and will fluctuate according to the whim of the provider.
Rates have gone down from last year. The best thing to do is to go to somewhere like
You may even decide to move last year's ISA to a new provider. Don't encash the old ISA and then try to reinvest it elsewhere. Tell the new provider what you want to do and they'll give you a form to instruct the old provider to send the money to them. Otherwise you'll end up losing last year's ISA allowance.
Rob Graham
cheers Rob, is there an easy way to find out what my interest rate is ? i had on online one with alliance and Leicester, so will the interest rate be the same as this years equilivent?
Reading
I see that the interest rates for the "Direct Cash ISA issue 1" have come down a bit.
oh well 5.15% ain't that bad.
"Matt Robertson" wrote in message news:rTVWe.110357$ snipped-for-privacy@text.news.blueyonder.co.uk...
Aren't they supposed to inform you personally if they change the interest rates? This is the second rate change and I haven't received anything.
In message , snipped-for-privacy@nospam.com writes
No.
Thats because they dont have to. The T&Cs normally refer to 'notices in branches and in the press'
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