will be getting ISAs expired next June 2010

[Connemmara]

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

[buildersmate]

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.

[Connemmara]

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.

[factor-fiction]

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?

[New Judge]

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.