Worth a chance...?

Apr 30, 2010 1 Replies

Stupidly realised I left my ISA without renewing it last year - had a lot of other things on my mind at the time I usually sort this out, now realise that they had dropped the interest rate to 0.1% APR whilst starting another product, identical in all but name, paying significantly more, lost out on a lot of interest - worth pursuing?


Probably not - there are any number of ISAs with headline rates which at issue make clear it's only for a year then will become rubbish. (And an increasing tendency this year for the higher rate ones to be for new money with no transfer-in of old ISAs). Unless it a longer term fixed rate, you just have to watch, and churn them over every year - same with an increasing number of other savings accounts.

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