ChatterBank0 min ago
Isa
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I had a £1,000 in an ISA account with Santander on line - now my friend told me about this advert 123 current account you would get more interest in putting into the current account. I then shifted the £1,000 back to current acount. Have I done the right thing since to my knowledge the ISAs are making little interest. Thanks for any replies
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For more on marking an answer as the "Best Answer", please visit our FAQ.slack alice I have no idea - I am going down to Santander next week because I do have another £8,000 in an ISA account that I took out perhaps about 4 years ago - again this friend said I should have been looking at it every year and shop about to get a better rate say for example from Santander to Nationwide etc.
If you do decide to switch then make sure the one you pick will accept 'transfers in'. They (the new provider) will arrange the necessary paperwork so that you do not lose out on the taxfree bit.
Have a look at the comparison websites for an idea of the current deals, but be aware some of the better ones aren't on them. A little google sleauthing helps ☺
Have a look at the comparison websites for an idea of the current deals, but be aware some of the better ones aren't on them. A little google sleauthing helps ☺
Another thought. Compare the interest rates for easy access against the fixed rate Isa's. You tend to get a better rate to fix but 2 things to think about -
1. Will you need to get access to any of it quickly or can it be left. 2. I would never fix for more than 1 year as interests rates could go up, doubt they can go down much more so if you were to fix for 3 years and the rates did go up, you would lose out.
1. Will you need to get access to any of it quickly or can it be left. 2. I would never fix for more than 1 year as interests rates could go up, doubt they can go down much more so if you were to fix for 3 years and the rates did go up, you would lose out.