Fixed Or Variable Isa?

[barry1010]

I'll be opening a new ISA on the 6th.

I'd decided on a variable but with current events, should I fix?

What would you do?

[Fibonacci]

Fixed Cash ISA if you won't need the funds in the next year or two, otherwise easy or limited access cash  ISA.

[gingejbee]

I'd go with a fixed-rate cash Isa with Charter Savings (easy, as I'm already with them).

[barry1010]

Thanks both. Fixed it will be.

I think 🥴

[david small]

I have just done a fixed for one year.

[Hymie]

Barclays are offering a 1 year fixed rate ISA (at 4.1% I think), that allows 3 withdraws of up to 10% of the balance (so you could effectively take out 27% of the initial investment during the year, if needed).

[barry1010]

Thanks for the suggestions 

[Karamia]

I've just taken a 1year fixed with tesco at 4.2%. Did it all on phone and now have the app - opened with a transfer in from another isa that had ended and been out into a low interest. 

[Buenchico]

Variable rate ISAs depend upon healthy stock markets to produce good returns.  Given that DT's actions have just sent worldwide stock markets into utter turmoil, I think that it might not be the best of times to opt for a variable rate ISA!

[newmodarmy]

Possibly, Buenchico. But a falling pound could push up inflation  and increase the chance of interest rates levelling or rising. But more importantly if UK joins others in retaliating it'll push up costs of imports to consumers and business who'll then put up prices...all fuelling inflation and then interest rate rises.

I prefer certainty though in such volatile times do would go for a good fix  now even though better fixes might be available in 3 months   if I wait.

But it's never easy to second guess the market.  The banks know the markets a bit better than we do and usually factor these things into fixed rates.

[dasherman]

Personally I'd go for fixed as I generally always do when my ISA's reach their renewal.