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will be getting ISAs expired next June 2010

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Connemmara | 10:49 Fri 06th Nov 2009 | Personal Finance
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As I said above will be getting the above next year - they made no interest - very little anyway. I put them into a guaranteed ISA so hopefully I will get my own money back.

What is the next step I wont be spending them as I have more or less everything I want. Where could I put them safely - no ISAs please. Maybe under my pillow - I am 58
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I assume you are talking about Cash ISAs - not Stocks and Shares ISAs?
It is true that Cash ISAs earn very little interest just now - a product of the 0.5% Bank of England base rate. However some Cash ISA Bonds that are locked in for 12 months are currently paying 3.0%, and that doesn't seem a bad deal to me given the current rates on savings products in general.
I don't understand your comment about not expiring until June 2010 - unless you are already invested in a fixed rate bond. If this is true, it is pointless asking about what to do with them now - wait until about April 2010.
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thanks for your answer buildersmate - it is only 5 -6 months away and it will fly in quite fast but as you say will wait until near the time.
If it's a guaranteed cash ISA that suggetss to me there was a guaranteed rate of interest so you should know how much it will be worth. Or was it a shares ISA where you basically tracked share prices or were guaranteed your initial deposit?
If you pay income tax (either from investments, pension or earned income) then you should consider re-investing the proceeds from your ISA in another one. This is because interest earned from ISAs is tax-free, which effectively increases the returns by 21% for basic rate tax payers.

Even if you are not a taxpayer ISAs tend to give s slightly better rate of return anyway than ordinary investments. If you can tie your ISA investment up for a fixed term you will receive a fixed guaranteed rate, which is likely to be a considerable improvement on a variable rate deal.

You can transfer the funds from your existing ISA (either all or part) to a new provider of your choice and those funds, together with any other contributions you may make (you can invest up to £5,100 in each financial year at the moment) will continue to earn tax-free interest. However, if you withdraw the proceeds of your existing ISA the tax free status of those funds is lost and you cannot re-invest them and enjoy tax free returns.

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