The Nationwide ISA is the most attractive offer on the market, according to finance comparison site moneyextra.com
Robin Amlot, moneyextra’s senior editor, believes that the Nationwide package offers consumers the best chance to earn high interest on the money invested in their cash mini ISA’s. (more…)
There are currently six ISA’s available from the Yorkshire Building Society (YBS). They are: the 30-day notice ISA; the e-ISA; the fixed rate anniversary ISA; ISA plus; rollover TESSA-only ISA; and the variable rate TESSA-only ISA. (more…)
Disappointing ISA sales have been put down to increased interest rates.
Jason Hollands, head of communications for investment firm F&C, believes that three interest rate rises since August have constricted demand for ISA’s as many households are now concentrating on paying their mortgage, rather than investing in savings schemes. (more…)
Kent Reliance currently offers two types of ISA’s: the direct variable rate mini cash ISA; and the variable rate mini cash ISA with passbook. Both ISA’s are mini cash ISA’s - stocks and shares mini ISA’s and maxi ISA’s are not available through Kent Reliance. It is also possible to transfer existing mini cash ISA’s and Tessa-only ISA’s over to the direct variable rate mini cash ISA offered by Kent Reliance. Up to £3,000 can be invested in a mini cash ISA each tax year. The deadline for the current financial year is April 5th. (more…)
Following last week’s downturn, investment experts are predicting further disruption to the ISA market as the London stock market, in line with markets across the globe, continues to dip steadily.
While UK savers put £2.5 billion into ISA’s last year, it is believed that many will now begin to put their spare money towards paying off debts rather than invest it in an ISA, given the precariousness of the stock market. (more…)
The regulations governing the transfer of stock into an ISA need to be revised in order to ensure they benefit investors, a financial services group has declared.
Under the current rules, Alliance Trust Savings claims that ISA investors are having to pay out almost three per cent stock transfer costs, amounting to costs of more than £200 for some customers. (more…)
Individual Savings Account (ISA) holders still prefer to hold their assets in cash despite the impressive performance of equity over recent years, market observers have said.
According to Fidelity International, equities have been outperforming cash by as much as 39 per cent since 1999, suggesting that ISA investors should opt for equity when choosing how to invest this year’s allowance. (more…)
Leeds Building Society (LBS) has announced it is to introduce three new Tessa ISA’s.
They are: the one-year Tessa ISA; the two-year Tessa ISA; and, predictably, the three-year Tessa ISA.
The one-year account promises a 5.6 per cent interest rate, the two year a return of 5.7 per cent while the three-year Tessa ISA will earn the bearer 5.85 per cent per annum. (more…)
There are three types of ISA’s available from the Halifax Bank of Scotland (HBOS): mini cash ISA’s; mini stocks and shares ISA’s; and maxi ISA’s. It is possible to invest up to £3,000 in cash in a mini cash ISA in each tax year, £4,000 in a mini stocks and shares ISA, and £7,000 in a maxi ISA. It is also possible to invest cash in a maxi ISA, but only up to £3,000, with the remainder of the £7,000 open to investment in stocks and shares. (more…)
Abbey has announced the launch of a new super ISA - a cash mini ISA offering an interest rate of eight per cent.
Responding to customers’ desires to save more effectively, the new ISA will offer the eight per cent rate until May next year, after which it will drop back to Abbey’s direct ISA rate of 5.75 per cent. (more…)
