Different between Cash ISA and Fixed Rate ISA

smurfchops | 09:31 Thu 28th Oct 2010 | Business & Finance

3 Answers

Subscribe
Report ⚑

I understand that a fixed rate ISA has the same rate for the term. But what is a cash ISA? Can the rate change, and if so, can it go down? Laymens terms please !

direct debit problem

Would this be a stupid idea?

Answers

1 to 3 of 3

Best Answer

No best answer has yet been selected by smurfchops. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

factor-fiction

A fixed rate ISA is just one form of cash ISA.
If it's not a fixed rate ISA it will be a vaiable rate one, so the rate can go up or down. Do a search on Martin Lewis

factor-fiction

http://www.moneysavingexpert.com/savings/

smurfchops

Question Author

Thanks factor30, I decided on M&S at 3% and I can transfer other ISAS to it. thanks again.

1 to 3 of 3

Do you know the answer?