Re: ISA versus Savings Accounts
Don't forget you can now earn £1,000 tax free on savings (excluding ISAs). My bank pays less than 1% I think on my e-ISA. However soon I will have the funds from an ISA bond going into that accout, as it matures next week, and I will then take a long hard look at what's on offer elsewhere. I too am sick and tired of these paltry interest rates.Re: ISA versus Savings Accounts
Got rid of my ISA too - absolutely appalling interest rate. I got a `bonus` interest rate of 1.4% for keeping it for 12 months then it dropped to a lower interest rate and continues to keep falling.Re: ISA versus Savings Accounts
Problem with ISA's is that they are 'personal' and cannot be joint, so if you die your spouse has to jump through hoops to get access to the funds.Re: ISA versus Savings Accounts
Re: ISA versus Savings Accounts
The next time one of my ISAs mature I'll be looking at peer-to-peer lending:Re: ISA versus Savings Accounts
Re: ISA versus Savings Accounts
Quote "However, my bank then offered a Savings Account to run for one year where I can put up to £500 per month at a Gross Rate of 5%, which means after Tax I'll get 4% interest so why the Hell do I need to bother with ISAs now, even though this ever-generous Government has increased how much we can save tax free?!"unquoteRe: ISA versus Savings Accounts
Steve said: Quote "However, my bank then offered a Savings Account to run for one year where I can put up to £500 per month at a Gross Rate of 5%, which means after Tax I'll get 4% interest so why the Hell do I need to bother with ISAs now, even though this ever-generous Government has increased how much we can save tax free?!"unquote.....
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