Category: ISA's
The analysis published under this category are as follows.
Sunday, January 22, 2023
Quantum AI Tech Stocks Portfolio Investing Using Interactive Brokers ISA, Fees, IBKR Platform Review / Personal_Finance / ISA's
By: Nadeem_Walayat
Using Interactive Brokers ISA to invest in US tech stocks to ride the quantum AI tech stocks gravy train in to the future. What to expect in terms of IKBR ISA platform and fees and how has my portfolio weathered the great bear market of 2022, how much am I down on the bear market?
Read full article... Read full article...
Monday, August 08, 2022
FREETRADE Want to LEND My Shares to Short Sellers! / Personal_Finance / ISA's
By: Nadeem_Walayat
FREETRADE for the past 3 months have been trying to get me to agree for me to lend my shares to short sellers, where I get ALL of the risk and they get ALL of the return, this despite paying them £8 per month for their SIPP AND 0.45% fee on every trade. Now after some months after I joined they are bombarding me with this BS, that not only could see my shares vanish but also that I may not be able to sell them when I want to because they have been loaned out which illustrates customers sign up for one thing and get another some months down the road leaving a bitter taste in ones mouth as I don't want to bloody lend my shares to gambling short selling hedge funds that are dropping like flies.
Read full article... Read full article...
Thursday, April 21, 2022
FREETRADE Shares ISA and SIPP Platform Analysis - When do HMRC Contributions Land? / Personal_Finance / ISA's
By: Nadeem_Walayat
FREETRADE is a mobile phone operated ISA and SIPP investing platform, here I go through some of the key aspects that prospective users may want to know on how the platform functions and costs where for me personally I got the answer to the question of when HMRC contributions land into the FreeTrade SIPP account as the sales blurb is 7 to 11 weeks, so if you have also been sat wondering about HMRC contributions then here is your answer on that and much more.
If thinking of opening an account then if you follow my link WE BOTH get a FREE SHARE, all you need to do is deposit £1! As for the value of the free share? In my experience it's going to be around £10. But you might get lucky as it is a bit of lottery i.e. maybe 1 in 100 gets a £200 share? Most £3 - £50.
Read full article... Read full article...
Wednesday, April 20, 2022
Best Stocks and Shares ISA ISA for 2022 - FreeTrade, IG Index, II, IKBR, AJ Bell Compared / Personal_Finance / ISA's
By: Nadeem_Walayat
NUMBER CRUNCHING THE BEST STOCKS AND SHARES CASH ISA
NEW TAX YEAR NEW ISA and maybe an additional SIPP, though I have to keep in mind the lifetime LIMIT, currently at just over £1 million! ISA"s are the way to go, a no brainier for UK stock investors, continue upto 20k per person (40k per couples) annual allowance and can transfer in cash ISA's on top (which I still have too much of),
So BEFORE I opened my latest stocks and shares ISA, I did a number crunch to determine which is best, now there maybe some minor errors in this table but overall it gives a accurate picture that I used to make my decision of who to go with for 2022-23.
Read full article... Read full article...
Thursday, November 18, 2021
FREE TRADE How to Get 2 FREE SHARES Fractional Investing Platform and ISA Specs / Personal_Finance / ISA's
By: Nadeem_Walayat
Open an account with FREE TRADE, fund it with just £1 and you get a FREE SHARE worth between £3 and £200! Woooaaah! Apple? AMD? IBM? Nvidia? Microsoft even? If not what about Intel?
Not just that but you can also get a SECOND free trade if you go on and open their stocks and shares ISA! The value of which is dependant upon how much you transfer or deposit, check out the full details in the video and so you too can get 2 free shares! But you MUST sign up with a referral link https://magic.freetrade.io/join/nadeem/4c9ba1da , downloading the app directly won't get you anything!
Read full article... Read full article...
Tuesday, February 12, 2019
Best Cash ISA as Providers Start Sowing Seeds for Fresh Season / Personal_Finance / ISA's
By: MoneyFacts
Savers will be pleased to find out that providers have stepped up competition in the ISA market, with rates rising and new deals being launched to entice savers since the start of 2019.
Indeed, the latest research from Moneyfacts.co.uk can reveal that 24* savings providers have increased rates or launched new ISAs, with some securing a Best Buy position in the process.
Read full article... Read full article...
Monday, December 31, 2018
Ultimate Guide for ISA Stocks & Shares / Personal_Finance / ISA's
By: Sumeet_Manhas
What are ISA Stocks & Shares?
Individual Savings Accounts (ISA) Stocks and Shares is an investment account that is tax efficient and allows you to invest your money into a wide range of investments including Open-ended investment companies, Investment trusts, unit trusts, corporate and government bonds. It also gives you an option to buy shares of individual companies and put them in your Individual Savings Account.
Tuesday, June 05, 2018
Cash ISAs Falling Out of Favour With Savers / Personal_Finance / ISA's
By: MoneyFacts
The Personal Savings Allowance (PSA) continues to take its toll on ISA returns, as it seems that savers are increasingly putting their cash elsewhere. Recently, the HMRC released statistics showing a decline in ISA subscriptions just one year after the PSA was introduced in 2016.
To coincide with these findings, the latest research from Moneyfacts.co.uk shows a stark difference between the returns that can be gained on cash ISAs and those on non-ISAs. Despite rates improving from a year ago thanks to last November’s base rate rise, the average ISA rate (1.18%) has fallen by around a third since 2013 (1.74%).
Read full article... Read full article...
Sunday, April 01, 2018
Best Cash ISA April 2018 - Last Chance Before for End of Tax Year! / Personal_Finance / ISA's
By: Nadeem_Walayat
This is your last chance to capitalise on your 20k annual tax free Cash ISA savings allowance, and I am sure many savers are buoyed by mainstream financial press coverage of warnings of rising UK interest rates as the Bank of England is expected to continue hiking UK base rates as it plays the game of follow the US Federal Reserve Bank leader by withdrawing some of its support for its banking sector brethren such as the funding for lending scheme that resulted in a catastrophic collapse in UK savings interest since its start in mid 2012. Which has resulted in UK savers being literally ripped off by the tax payer bailed out banking sector, the duration for which the banks that have continued to bank bonuses on the basis of artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst savers continue to suffer and pay the price in terms of loss of real terms purchasing power of savings as inflation continues to erode the hard earned wealth of Britain's savers.
Tuesday, March 27, 2018
Subdued Stocks & Shares ISA Performance Still Outshining Cash ISAs / Personal_Finance / ISA's
By: MoneyFacts
- The average stocks & shares ISA fund has grown by 4.8% during the 2017/18 tax year so far – a considerably weaker performance than the growth of 20.4% posted in the 2016/17 tax year.
- This still compares favourably with the average cash ISA rate of 0.97% over the same period.
- The average stocks & shares ISA has now delivered positive growth in 12 of the 19 tax years since the introduction of ISAs in 1999.
Tuesday, March 20, 2018
Savings Interest Rates Rise as Providers Prepare for Cash ISA Season / Personal_Finance / ISA's
By: MoneyFacts
As we approach a brand-new tax year, savers may be perusing the latest cash ISA deals to hit the market. However, they might be surprised by a recent surge in rate rises. This month so far, 22 providers have increased or launched new deals into the ISA market. This is promising news, as over the last year the average cash ISA rate returned just 0.97%*.
Overall, interest rates across the savings market have risen for 14 consecutive months, with the number of rises continuing to outweigh cuts, as moneyfacts.co.uk recorded 126 rate rises and 46 rate cuts in February. Around a quarter of the rises were for ISAs, with 33 rate rises. This month, the ISA market has continued to improve, as we have seen 40 rises so far.
Read full article... Read full article...
Sunday, March 04, 2018
Best Cash ISA Savings for Rising UK Interest Rates and High Inflation - March 2018 / Personal_Finance / ISA's
By: Nadeem_Walayat
UK savers have just 1 month left to capitalise on their 20k annual tax free ISA savings allowance, and I am sure many are buoyed by mainstream financial press coverage of warnings of rising UK interest rates which includes for savers as well as borrowers as the Bank of England is expected to continue hiking UK base rates as it plays the game of follow the US Federal Reserve Bank leader and withdraw some of its support for Britain's banking sector such as the funding for lending scheme that resulted in a catastrophic downwards death spiral in UK savings interest rates when it first began in 2012. That resulted in UK savers being literally ripped off by the tax payer bailed out banking sector, the duration for which the banks that have continued to bank bonuses on the basis of artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst savers continue to suffer and pay the price in terms of real terms loss of purchasing power of savings as inflation continues to erode the heard earned wealth of Britain's savers.
Sunday, February 11, 2018
Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 / Personal_Finance / ISA's
By: Nadeem_Walayat
As the financial year draws to a close, many ISA savers will be busy seeking to capitalise on their 20k annual tax free ISA savings allowance, buoyed by mainstream financial press coverage as apparently UK interest rates are heading much higher which includes for savers as well as borrowers as the Bank of England is expected to continue hiking UK base rates and withdraw some of its support for Britain's banking sector such as the funding for lending scheme that has resulted in a catastrophic downwards death spiral in UK savings interest rates for the past 5 years. Resulting in savers literally being ripped off by the tax payer bailed out banking sector that for the duration have continued to bank bonuses on the basis of artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst the savers continue to suffer and pay the price in terms of loss of real terms purchasing power of savings as inflation continues to erode the heard earned wealth of savers.
Tuesday, January 16, 2018
The Worst Year on Record for Cash ISA Returns / Personal_Finance / ISA's
By: MoneyFacts
Cash ISAs have been a popular go-to for consumers looking to take advantage of their tax-free allowance, but over the years these deals have dwindled in both number and the returns offered.
The average return on cash ISAs over the past year was just 0.93%, the lowest seen on moneyfacts.co.uk records. In contrast, the average stocks and shares ISA returned growth of 11.75%*. In January 2017, the average cash ISA rate fell to its lowest level at 0.82%, but after several months of consistent rate rises, it has today hit 1.09%. This is, however, still much lower than what could be achieved just two years ago. In April, the anticipated ISA season gave very little, as the average easy access ISA rate and average notice ISA rate both fell to their lowest level.
Read full article... Read full article...
Saturday, June 24, 2017
Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off / Personal_Finance / ISA's
By: Nadeem_Walayat
According to the mainstream press there are emerging signs of life in the UK savings markets as the new tax year has kicked into gear, finally offering some hope to Britain's savers after a near 5 years of a catastrophic downward death spiral in UK interest rates, one of being ripped off by the tax payer bailed out banking crime syndicate that for the duration has continued to bank bonuses on the basis of artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst the savers continue to suffer and pay the price in terms of loss of purchasing power of savings by means of sub inflation interest rates.
Wednesday, March 22, 2017
Stocks & Shares ISAs Delivering Strongest Performance Since 2009/10 Tax Year / Personal_Finance / ISA's
By: MoneyFacts
- The average stocks & shares ISA fund has grown by 15.8% during the 2016/17 tax year so far, the highest return since the 2009/10 tax year.
- This compares with an average cash ISA rate of 1.01% over the same period.
- The average stocks & shares ISA has delivered positive growth in eleven of the 18 tax years since the introduction of ISAs in 1999.
Monday, March 20, 2017
No Cash ISA Season 2017 / Personal_Finance / ISA's
By: MoneyFacts
Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the number of ISA products has risen to 311, marking the first time the number of ISAs has stood above 300 since September 2016. The long-term ISA rate has also risen, for the fourth consecutive month.
Read full article... Read full article...
Tuesday, March 07, 2017
Cash ISA Season Limps into Action, with Very Few Contenders / Personal_Finance / ISA's
By: MoneyFacts
It’s been a very slow start to the ISA season, as the latest research from Moneyfacts.co.uk reveals that the average ISA rate has continued to fall to a new low of 0.82%. While there have been gradual increases to the ISA allowance over the years, the market remains deprived of intense competition.
Read full article... Read full article...
Monday, February 27, 2017
Are UK Savings Interest Rates Finally Starting to Rise? Best Cash ISA 2017 / Personal_Finance / ISA's
By: Nadeem_Walayat
According to some analysts there are emerging signs of life in the UK savings markets, so as the tax year draws to a close I take a look at if the Cash ISA market is finally starting to offer some hope to Britain's savers after a near 5 years of a catastrophic downward death spiral in interest rates, one of being ripped off by the tax payer bailed out banking crime syndicate that for the duration has continued to bank bonuses on artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst the savers continue to suffer and pay the price in terms of loss of purchasing power of savings by means of sub inflation interest rates.
Monday, January 16, 2017
Glimmer of hope in the UK Cash ISA Market / Personal_Finance / ISA's
By: MoneyFacts
Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the ISA market has seen a small boost for the second month running, which constitutes the first time such a consecutive increase has occurred since 2015.
Read full article... Read full article...
Monday, November 21, 2016
All Cash ISA Savings Interest Rates Plunge Below 1.00% / Personal_Finance / ISA's
By: MoneyFacts
Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that all ISA averages have fallen below the 1.00% barrier for the first time on Moneyfacts records.
Read full article... Read full article...
Monday, August 22, 2016
Cash ISAs still have some fight left in them / Personal_Finance / ISA's
By: MoneyFacts
Savers are likely to have lost all enthusiasm in getting a decent return on their cash, thanks to a lack of competition in the market fuelled by consecutive rate cuts over the years. In times of despair, savers are being warned of investing their cash in poor easy access accounts and instead to consider a cash ISA.
Read full article... Read full article...
Saturday, August 06, 2016
Best Cash ISA for Crash / Collapse in UK Savings Interest Rates / Personal_Finance / ISA's
By: Nadeem_Walayat
The Bank of England slashing UK interest rate from 0.5% to 0.25% in a panic to save its always teetering on the edge of bankruptcy bankster brethren from going bust again and to monetize government debt by means of quantitative easing, the smoke and mirrors phrase used for the Bank of England to print another £170 billion mostly for its banking sector friends to gorge themselves on, to generate additional artificial profits. The net effect of this 'THEFT' of purchasing power is that the price savers and workers have already been paying for 8 years has just gotten a lot worse!
Tuesday, June 28, 2016
Cash ISA Interest Rates Have Halved Over the Past Four Years / Personal_Finance / ISA's
By: MoneyFacts
Long-suffering savers are likely to be all too familiar with the current state of the savings market, and while Individual Savings Accounts (ISAs) were once a competitive safe haven for savers’ cash, the last four years of rate cuts have been excruciatingly painful.
Indeed, research from Moneyfacts.co.uk can reveal that average rates, and in some cases best buy deals, have halved since the Funding for Lending Scheme (FLS) launched in 2012. In addition, since the introduction of the Personal Savings Allowance in April 2016, ISA rates have continued to plummet.
Read full article... Read full article...
Wednesday, June 01, 2016
Are Help to Buy ISAs Doomed to Face More Interest Rate Cuts? / Housing-Market / ISA's
By: MoneyFacts
Help to Buy: ISAs, which were designed to boost the saving ambitions of would-be first-time buyers, have now been on the market for over six months. However, despite the excitement of their launch, Moneyfacts.co.uk can reveal that their shine has already begun to fade thanks to rate cuts and opening restrictions. Indeed, the average rate paid has already dropped from 2.55% to 2.39% since the start of the tax year (6 April 2016).
Read full article... Read full article...
Wednesday, May 11, 2016
UBL Slashes Best Fixed Rate Cash ISA by 23%! - Urgent Action! / Personal_Finance / ISA's
By: Nadeem_Walayat
UBL's (United Bank UK) best buy fixed rate cash ISA that I have been tracking or a while has had its interest rate slashed by a whopping 23% on the 10th of May 2016 to a mere pittance of just 1.7% for a 5 year fix down from 2.2%, with similar deep cuts on other fixed terms as the following table illustrates.
Read full article... Read full article...
Thursday, April 07, 2016
Best Cash ISA for 2016-17, 4% Help to Buy and P2P 9% Alternatives? / Personal_Finance / ISA's
By: Nadeem_Walayat
Good news, its a new tax year which means savers can deposit upto £15,240 into a tax free cash ISA savings account. Now for the bad news, the banking syndicate's cash ISA rates continue to be relentlessly ground down towards ZERO, where each new tax year tends to see worsening rates offered and this year is no different, Worse still is that Britains banks tend to further penalise ISA savers by typically paying LESS interest than on the SAME term NON ISA account, which makes a mockery of the large annual ISA allowances of £15,240, which means its near impossible to find a rate even half the 5% that could be secured in the pre-funding for lending scheme days (July 2012).
Monday, April 04, 2016
Stocks & shares ISAs Deliver Weakest Performance Since 2008 Financial Crisis / Personal_Finance / ISA's
By: MoneyFacts
· The average performance of a stocks & shares ISA has fallen by 2.7% during the 2015/16 tax year so far, the worst growth since the 2008 financial crisis.
· This compares with an average cash ISA rate of 1.44% over the same period.
· The average stocks & shares ISA has failed to deliver positive growth in seven of the 17 tax years since the introduction of ISAs in 1999.
Read full article... Read full article...
Wednesday, March 30, 2016
Cash ISA Season Sees Interest rate Cuts Dominate by 90% / Personal_Finance / ISA's
By: MoneyFacts
The latest research from Moneyfacts.co.uk reveals that savers are facing the worst ISA season on record. ISA rates have hit rock-bottom lows, fuelled by the number of heavy cuts vastly outweighing any rises, with 90% of recent rate changes being cuts.
Since January, Moneyfacts.co.uk has recorded 151 rate changes for ISAs, of which 136 were rate cuts and just 15 were rate rises. Away from rate cuts there has also been a drop in the number of deals available, despite a few challenger brands entering the playing field.
Read full article... Read full article...
Thursday, March 17, 2016
Lifetime ISA - Another Boost for UK House Prices and Worsen Housing Market Crisis / Personal_Finance / ISA's
By: Nadeem_Walayat
George Osborne's flag ship personal savings account change of Budget 2016 is the announcement of the Lifetime ISA. Which is the latest of a myriad of policies aimed squarely at stoking UK housing market demand, effectively QE for first time buyers as the government seeks to hand out £1,000 for every £4,000 saved as long the monies are used to either buy ones first home or to fund retirement.
Tuesday, March 08, 2016
Worst Cash ISA Season on Record? / Personal_Finance / ISA's
By: MoneyFacts
Traditionally, this is the time of year when ISA providers boost their offerings to entice savers who have yet to use their full ISA allowance to invest before the current tax year ends. However, Moneyfacts.co.uk research shows that this year’s ISA season has yet to bear fruit, with savers now facing some of the worst ISA rates on record.
Read full article... Read full article...
Monday, October 05, 2015
No Interest in Easy Access Cash ISAs / Personal_Finance / ISA's
By: MoneyFacts
As the Government attempts to regenerate ISAs, the expectation for them to pay decent returns has grown. However, Moneyfacts.co.uk can reveal that not only does the ISA market remain under a gloomy cloud, but the average rate of an easy access ISA has now hit its lowest rate on record.
Read full article... Read full article...
Monday, July 20, 2015
NISAs – Not that Nice After All / Personal_Finance / ISA's
By: MoneyFacts
A year ago George Osborne increased the ISA allowance to a whopping £15,000, enabling savers to stash more money away tax-free.
However, a year on and the ISA market is just as disappointing. In fact, since the launch of the NISA, rates have fallen ever further, with the average ISA rate dropping from 1.57% in July 2014 to just 1.44% today.
Read full article... Read full article...
Tuesday, May 26, 2015
Best Cash ISA SBI 2.3% - 2.8 Year Fix, UK Interest Rates 2016 / Personal_Finance / ISA's
By: Nadeem_Walayat
Britain's interest rates starved savers for especially the tax free Cash ISA savings accounts for which Britains banks tend to further penalise by typically paying LESS interest than the SAME term NON ISA accounts, can only be disgusted that despite the large annual ISA allowance of £15,240, are going to find it near impossible to find savings interest rate of over 2%, let alone the pre-funding for lending scheme days (July 2012) when fixed savings interest rates ranged as high as 5%.
Wednesday, April 22, 2015
Best Cash ISA 2015/16, Instant and Fixed Savings Interest Rates, New Flexible Withdrawal / Deposit Rule / Personal_Finance / ISA's
By: Nadeem_Walayat
Good news, its a new tax year which means savers can deposit upto £15,240 into a tax free cash ISA savings account. Now for the bad news, the banking syndicate cash ISA rates remain at abysmally poor levels, despite some demand being siphoned off into the Coalition governments election bribe of the 4% paying Pensioner bonds against which no cash ISA can compete, though of course these bonds are only available to the over 65's.
Friday, March 20, 2015
Best Cash ISA vs Budget 2015 Scrapping Tax on Savings Interest on First £1,000 / Personal_Finance / ISA's
By: Nadeem_Walayat
It's that time of the year again when many savers will be busy rushing to capitalise on their use it or lose it £15k cash ISA annual allowance, though having been raised in July 2014 from £5.5k to £15k does not make today's exercise as big a deal for most savers. Still up until this week it had been a case of ensuring cash is deposited in tax free ISA's than in taxed deposit accounts. However, now everything may be changing for many if not most savers following the Budget 2015 announcement to scrap tax on the first £1k of interest earned which with today's abysmal typical interest rates of 1.5% covers savings pots of as much as £65,000!
Wednesday, September 24, 2014
£15K Cash ISA Limit Fails to Ignite Savings Industry / Personal_Finance / ISA's
By: MoneyFacts
Not even the biggest hike in tax-free allowance since the launch of ISAs has stirred the savings market from its apathy. Moneyfacts.co.uk can reveal that the ISA sector has remained largely subdued and the majority of rates have actually fallen further since the increased allowance was announced.
Read full article... Read full article...
Thursday, June 26, 2014
New £15,000 Cash ISA Interest Rates Ahead of 1st July - What to Do? / Personal_Finance / ISA's
By: Nadeem_Walayat
Many savers will have delayed opening a cash ISA for the current tax year so as to best capitalise on the the new cash ISA allowance of near triple the existing amount of £5,490 to £15,000. However, It should not come as a much of a surprise that after more than 5 years of an artificial highly manipulated UK interest rates market for the primary purpose for funneling tax payer cash into the bankrupt banks (QE) that the already extremely low savings rates have have yet again been cut ahead of new ISA's going live on 1st of July.
Wednesday, March 26, 2014
Newcastle BS Pulls 2.9% Fixed Cash ISA, Coventry and Leeds Currently Offer Best ISA's / Personal_Finance / ISA's
By: Nadeem_Walayat
Newcastle BS has pulled its market beating 2.9% 5 year fixed rate cash ISA that in my opinion amounted to the best cash account for some 18 months for the reason that it behaved more like a higher interest paying instant access rather than a typical fixed rate account.
Wednesday, March 19, 2014
Budget 2014 Cash ISA Allowance Near Tripled to £15,000, Current Best ISA / Personal_Finance / ISA's
By: Nadeem_Walayat
The Coalition government has finally acted to correct a huge disparity in the ISA market of savers being forced to split their annual ISA allowances between Cash and Shares ISA's by allowing savers now to use the whole of their annual allowance towards a cash ISA rather than the existing 50/50 split between cash and shares, as investing in shares has never been suitable for the vast majority of savers given that they are a high risk asset class that certainly never deserved a 50/50 portfolio allocation. Even for highly experienced stocks investors such as myself tend to experience sleepless nights when portfolio allocations approach 30% of assets let alone 50%. Therefore for most investors the stock market and floating bonds should never really go above an approx 15% allocation (including pension funds) with the bulk of the rest made up by property and cash (including fixed bonds).
Wednesday, March 12, 2014
Newcastle BS 2.9% Best Current Fixed Rate Cash ISA March, April 2014 / Personal_Finance / ISA's
By: Nadeem_Walayat
The zero interest rate catastrophe for savers including Cash ISA depositors continues to persist for as long as the Bank of England can get away with government debt monetization and support of the bankrupt banks (Co-op the current bank teetering on the brink of collapse) via unlimited funding scheme that is now approaching its 2nd full year of the collapse in savings interest rates that began in May 2012 and soon accelerated into sub inflation rates of systemic theft as illustrated by the table below which shows the cash ISA rates offered by apparently the often reported on best buy accounts of the Halifax mega-bank that in reality crashed in response to the Bank of England's Funding for Lending Scheme that started in July 2012.
Friday, July 05, 2013
Best Cash ISA Savings Account for Least Stealth Inflation Theft from UK Savers / Personal_Finance / ISA's
By: Nadeem_Walayat
Mark Carney has just taken over from the Mervyn King as Governor of the Bank of England, or should I say SIR Mervyn King who as is always the case was rewarded with a knighthood for his failures at the Bank of England because rather than to be held to account for his part in the ongoing banking catastrophe that has yet to see any bankster's go to jail for the financial crimes of the century that literally brought the country to its knees as evidenced by the greatest drop in GDP since the Depression that followed the First World War.
Wednesday, April 24, 2013
Falling Choice in Cash ISA's Current Best Tax Free Savings Account / Personal_Finance / ISA's
By: MoneyFacts
Moneyfacts research reveals a 23% fall in the choice of where to place your cash ISA this year compared to April 2012.
Not only have product numbers fallen but the rates last year were around a third higher than today, (one-year fixed has fallen by 32%/long-term fixed by 33%).
Read full article... Read full article...
Saturday, April 06, 2013
Best Cash ISA Savings Account for New Tax Year 2013-14 / Personal_Finance / ISA's
By: Nadeem_Walayat
The new tax year commenced today, which brings a small reprieve for UK savers to at least protect themselves from the 20% to 40% theft (double taxation) on savings interest payments, even though that it is highly unlikely that any accounts will be able to beat the real inflation rate which tends to be about 1.5% above CPI or currently about 4%.
Monday, March 04, 2013
Best Cash ISA to Beat Funding for Lending Fraud Against Savers / Personal_Finance / ISA's
By: Nadeem_Walayat
The 2012-13 tax year will soon be ending which means that those that have not already utilised their annual allowance of £5,640 for earning perpetual tax free interest on savings will lose it.
Unfortunately Britain's bankrupt bailed out banks continue to be supported by tax payers and Bank of England rampant money printing to an unlimited extent which via mechanisms such as the Funding for Lending Scheme is impacting severely on savers in terms of depressing UK savings interest rates whilst Quantitative Easing monetization of UK government debt and the financing of fictitious profits that form the basis for bonuses, that are even paid out when the Banking crime syndicate members such as RBS and Lloyds TSB announce losses results in the Inflation stealth theft of purchasing power of savings and earnings.
Read full article... Read full article...
Wednesday, February 06, 2013
Gloomy Cash ISA Savings Interest Rates Outlook / Personal_Finance / ISA's
By: MoneyFacts
Moneyfacts research reveals a slow start to the ISA season. Not only has it started a month later than expected, product choice and rates have fallen and the ability to transfer funds is fading fast.
In Feb 2012, the market consisted of 385 ISAs paying an average of 2.55% and 22 of those would not allow transfers in.
Read full article... Read full article...
Tuesday, November 20, 2012
Halifax illustrates Cash ISA Savings Catastrophe, Which Best ISA Now? / Personal_Finance / ISA's
By: Nadeem_Walayat
Britain's savers continue to fight a losing battle to maintain purchasing power of savings following the financial crash of four years ago since which time savings interest rates have tended to languish below even the official highly suspect CPI inflation rate, that never reflects the rising cost of peoples weekly shops. Britain's whole savings market reeks of being a fraudulent enterprise that exists purely to transfer wealth from savers over to the banks and government (taxes). In which respect cash ISA's offered some hope to at least avoid the tax element of the stealth theft underway.
Wednesday, September 26, 2012
The Best Cash ISA for Beating Bankster Fraud and Government Money Printing Inflation / Personal_Finance / ISA's
By: Nadeem_Walayat
Britain's savers have been fighting a losing battle since October 2008 when the crash in UK interest rates began following the Prime Minister of the time Gordon Brown taking control of monetary policy from a fumbling mumbling paralysed Governor of the Bank of England and started the ball rolling by announcing the first of a series of interest rate cuts all the way to 0.5% barely 5 months later by March 2009.
Tuesday, May 01, 2012
The Great Cash ISA Market Split, Current Top Accounts / Personal_Finance / ISA's
By: MoneyFacts
There was a time when you didn’t have to struggle with the concept of cash ISAs. They are tax-free and all you need to look for is the best rate. However, new parameters are being quietly set which mean that in future we will all need to delve deeper than just rate alone.
Sylvia Waycot, spokesperson for Moneyfacts.co.uk, said:
“This ISA season Moneyfacts has seen a growing trend of ISAs launched which refuse to accept transfers in.
Read full article... Read full article...
Tuesday, March 20, 2012
Best Cash ISA Last Chance, 4% Fixed Santander, AA Instant 3.5% / Personal_Finance / ISA's
By: Nadeem_Walayat
Whilst George Osbourne prepares to mask Budget 2012 tax rises by means of the stealth Inflation tax on indexation of allowances, against which one of the primary ways savers have to protect the value of their wealth against inflation theft is via Cash ISA's, for which the deadline deadline for utilising 2011-2012 allowances is imminent (5th April 2012) therefore this is your last chance to use it or lose.
Wednesday, March 14, 2012
Cash ISA Season Hots up, but Savers Beware of the Bonuses / Personal_Finance / ISA's
By: MoneyFacts
The 2012-13 ISA season is gathering pace, with providers showcasing their latest tax-free offerings.
Many of this season’s variable cash ISAs include large introductory bonuses, designed to boost the initial rate and attract customers.
Read full article... Read full article...
Wednesday, March 07, 2012
Satander Cash ISA's Paying upto 4% / Personal_Finance / ISA's
By: MoneyFacts
Santander has just launched a new range of market-leading ISAs.
Read full article... Read full article...
Thursday, January 26, 2012
Best Cash ISA 2012 to Reduce Stealth Inflation Theft of Value of Savings / Personal_Finance / ISA's
By: Nadeem_Walayat
UK Inflation of 4.2% despite coming off of a 5.2% spike continues to soar at more than twice the official target rate of 2%, which stands against the more recognised RPI rate at 5% and real inflation as experienced by most of the population at 6%. UK savers continue to have the real terms value of their life time accumulated savings effectively stolen so as to bolster the bankrupt bailed out banks balance sheets. Savers can lessen the stealth theft of wealth by utilising their annual cash ISA allowances before the end of the current tax year (5th April 2012) as it is a case of use it or lose it.
Tuesday, January 17, 2012
UK Inflation 4.2% as ‘Hard Times’ for Cash ISA Savers Continues / Personal_Finance / ISA's
By: MoneyFacts
Inflation figures released today show the Consumer Prices Index (CPI) fell during December from 4.8% to 4.2%.
To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 5.25% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 7.00%.
Read full article... Read full article...
Monday, March 21, 2011
Banks Entice Savers into Fixed Cash ISAs / Personal_Finance / ISA's
By: MoneyFacts
High demand for savers’ money has led to a sharp rise in the number of fixed rate ISAs.
In the last two years alone the number of fixed rate ISAs has more than doubled from 56 in March 2009, to 139 today.
Read full article... Read full article...
Friday, February 18, 2011
Best Cash ISA Savings Account as April 5th 2011 Tax Year Deadline Looms / Personal_Finance / ISA's
By: Nadeem_Walayat
With UK Inflation soaring on even the governments preferred measure of CPI at 4%, which stands against the more recognised RPI rate at 5.1% and real inflation as experienced by most of the population at 6.6%, UK savers continue to have the real terms value of their life time accumulated savings effectively stolen so as to bolster the bankrupt bailed out banks balance sheets, savers can lessen the stealth theft of wealth by utilising their annual cash ISA allowances before the end of the current tax year (5th April 2011) as it is a case of use it or lose it.
Wednesday, February 09, 2011
Average Cash ISA Savings Interest Rate at 2 Year High / / ISA's
By: MoneyFacts
The average ISA rate has risen to 2.27%, the highest rate since January 2009, bringing welcome relief to struggling savers.
Wednesday, October 27, 2010
New Junior Cash ISA's to Replace Child Trust Funds / Personal_Finance / ISA's
By: Nadeem_Walayat
The Coalition government has announced plans to replace the Child Trust Funds with Junior ISA's. CTF's proved an abysmal failure as usually only the state would make contributions into a limited range of funds available, all of which have lost money after inflation and therefore acted purely as a vehicle for financial institutions to earn commissions and therefore a proved a waste of over £6 billion of tax payers money.
Read full article... Read full article...
Tuesday, June 29, 2010
Cash ISA Reforms, Current Best Savings Accounts and Fixed Rate Deals / Personal_Finance / ISA's
By: MoneyFacts
The Office OF Fair Trading has today announced changes to the cash ISA market, which it has said will improve fairness and transparency for customers.
Michelle Slade, spokesperson for Moneyfacts.co.uk, commented: “The reforms to the ISA market are a welcome boost for savers, many of whom lost vital interest through the delays in transferring ISA money between providers.
Read full article... Read full article...
Saturday, May 01, 2010
Best Cash ISA Alternative to Santander Flexible ISA / Personal_Finance / ISA's
By: Nadeem_Walayat
Santander market beating Cash ISA that pays 2.7% above the base rate for a fixed 12 months is soon to become a publicity stunt for the ISA league tables as savers will be required to jump through hoops to open an account from May 4th.
Friday, April 30, 2010
Santander Flexible Cash ISA Savings Account Withdrawn in All But Name / Personal_Finance / ISA's
By: Nadeem_Walayat
The market beating cash ISA from Santander that paid 2.7% above the base interest rate (currently 0.5%) has been withdrawn in all but name as savers trying to open an account at their branches will not be able to do so.
Read full article... Read full article...
Saturday, April 24, 2010
Santander A&L Flexible Cash ISA Still the Best Tax Free Savings Account on the Market / Personal_Finance / ISA's
By: Nadeem_Walayat
30th April 2010 - NOTE - The Account to all intents and purposes has been withdraw, Do not waste your time visiting the branch to try and open an account as you will NOT be able to do so.
All savers now have the opportunity to to deposit £5,100 into their this years Cash ISA tax free savings accounts as part of the increased annual ISA allowance of £10,200. I have been banging the drum for the Santander / A&L Cash ISA (No Affiliation with Santander) for several months as the best available account by far which at the time was paying a guaranteed rate of UK base interest rate PLUS 3% for 12 months i.e. currently paying 3.5%.
Saturday, March 27, 2010
Best Cash ISA Savings Account as April 5th 2010 Tax Year Deadline Looms / Personal_Finance / ISA's
By: Nadeem_Walayat
Firstly, some great news in Labour's last Budget for ISA savers and investors, in that the ISA allowances will now rise in line with inflation which starts with the new total allowance of £10,200 from 6th of April 2010 for all ISA savers that basically makes up for not having indexed the original allowance of £7,200 for the past 10 years. For cash ISA savers this means £5,100 will rise annually inline with the RPI inflation index from April 2011 which will make significant difference over the long run i.e. at an average inflation rate of 3% the total annual ISA of £10,200 in 10 years time will stand at £13,708, with a total additional allowance of £18,440 (£9,220 cash) so a significant difference and an even greater potential for cash ISA's to be used as a relatively risk free pensions savings vehicle without all of the tricks, fees, charges and risks built into the existing stake-holder and personal pension plans that ensure pension investors don't get anything like the returns they are promised.
Tuesday, March 09, 2010
Tax Free Cash ISA Deadline, Best Savings Account Pays 3.5% Interest Rate / Personal_Finance / ISA's
By: Nadeem_Walayat
Just four weeks remain for savers to fully utilise at least the £3,600 cash element of their annual £7,200 ISA allowance. Even if you have already utilised this years allowance, savers need to ensure that they check the interest rates being paid on a regular basis, especially for those accounts that have matured as the banks and building societies are notorious for cutting rates on existing accounts and dumping matured accounts into pittance paying cash ISA accounts, paying as little as 0.1%. i.e. 1/30th the rate of a top current instant access account which on an ISA account balance of £3,600 means the difference between receiving £3.60 or £108 in interest per annum.
Wednesday, February 24, 2010
Transfer Your Cash ISA to Maximise Savings Interest Rate / Personal_Finance / ISA's
By: MoneyFacts
The ISA season is now in full swing and there is growing competition amongst providers to secure that top Cash ISA rate.
Read full article... Read full article...
Monday, January 25, 2010
Cash ISA Savings Interest Rates Starting to Improve / Personal_Finance / ISA's
By: MoneyFacts
Traditionally ISA season starts to gather pace in mid February, but this year things appear to have started early.
Since the start of the year, new and/or revised products have been launched by, amongst others Alliance & Leicester, Birmingham Midshires, Chelsea BS, Leeds BS, The Post Office and Santander.
Monday, January 18, 2010
UK Banks Such as Halifax (HBOS) Underpaying Cash ISA Saving Account Interest Rates / Interest-Rates / ISA's
By: Nadeem_Walayat
The tax payer bailed out bank Halifax (HBOS), which was forced into a shotgun wedding with Lloyds TSB in Sept/Oct 08 to prevent nationalisation, the combined group later going on to become defacto nationalised as the HBOS exploding mortgage book shredded Lloyds TSB's balance sheet to pieces, illustrates the consequences of an artificial banking system as borrowers and savers pay the ultimate price of bailing out the banks.
Tuesday, January 05, 2010
Best Cash ISA Tax Free Savings Account for 2010 / Personal_Finance / ISA's
By: Nadeem_Walayat
One of your New Year resolutions should be to first fully utilise the cash element of your annual ISA allowance of £3,600, especially as it is a case of use it or lose it as we march towards the end of of the current tax year on April 5th 2010. Even if you have already utilised this years allowance, savers need to ensure that they check the interest rates being paid on a regular basis, especially for those accounts that have matured as the banks and building societies are notorious for cutting rates on existing accounts and dumping matured accounts into pittance paying cash ISA accounts, paying as little as 0.1%. i.e. 1/30th the rate of a top current instant access account which on an ISA account balance of £3,600 means the difference between receiving £3.60 or £108 in interest per annum.
Friday, November 13, 2009
Best Cash ISA Tax Free Savings Account Update November 2009 / Personal_Finance / ISA's
By: Nadeem_Walayat
Savers with cash ISA accounts need to ensure that they check the interest rates being paid on a regular basis, especially for those accounts that have matured as the banks and building societies are notorious for cutting rates on existing accounts and dumping matured accounts into pittance paying cash ISA accounts, paying as little as 0.1%. i.e. 1/30th the rate of a top current instant access account which on an ISA account balance of £3,600 means the difference between receiving £3.60 or £108 in interest per annum.
Tuesday, October 06, 2009
New Cash ISA Savings Accounts in Time for Over 50's Increased Allowance / Personal_Finance / ISA's
By: MoneyFacts
Four providers have launched brand new Cash ISAs for over 50s just in time for today’s ISA allowance increase.
Chelsea BS, Nationwide BS, SAGA and West Bromwich BS have all introduced new accounts with effect from 6 October.
Saturday, September 19, 2009
Good News for Many Cash ISA Savers From 6th October / Personal_Finance / ISA's
By: Nadeem_Walayat
In last April's budget on the tenth anniversary of the introduction of Individual Savings Accounts (ISA's), Alistair Darling announced that ISA allowances will be raised from £7,200 to £10,200 from 6th of April 2010, with the new ISA allowance raised earlier for the over 50's from the 6th of October 2009.
Read full article... Read full article...
Monday, April 27, 2009
Top Up Your Cash ISA Early and Maximise Interest Earned / Personal_Finance / ISA's
By: Nationwide
Savers could earn an additional £103 million1 by topping up at the start of the tax year Nationwide Building Society estimates that people with an Individual Savings Account (ISA) could be better off by an additional £103 million by using their annual tax-efficient allowance at the beginning of the tax year, rather than at the end. This figure will increase in October, when savers aged 50 and over will be allowed to increase the amount they pay into their ISA.
Read full article... Read full article...
Thursday, April 23, 2009
Budget 2009 Boost for Savers as ISA Allowances to be Raised to £10,200 / Personal_Finance / ISA's
By: Nadeem_Walayat
Amidst the budget gloom and doom of a budget busting deficit of £175 billion and the first of a series of tax hikes that introduces a new top tax band of 50% for those earning over £150,000, there was some good news for distressed savers that have been paying the price for credit crisis in the form of low interest rates. Read full article... Read full article...
Thursday, April 23, 2009
Best Cash ISA Tax Free Savings Accounts for the New Tax Year / Personal_Finance / ISA's
By: MoneyFacts
Cash ISAs are many savers’ first port of call when it comes to creating a nest egg, but in a turbulent year just who has reigned supreme, offering the best rate of return to savers?
Thursday, April 02, 2009
Cash and Shares ISA End of Tax Year, Use it or Lose it / Personal_Finance / ISA's
By: Nadeem_Walayat
The 2008-09 tax year is fast drawing to a close by 5pm on 5th April 2009, many UK savers have not utilised their annual ISA allowances due to low interest rates. However as my indepth analysis has consistently pointed out that the current deflation will eventually give way to inflation and much higher interest rates and therefore the ISA's still remain important long-term tax free wrappers . Read full article... Read full article...
Sunday, March 22, 2009
Nationwide Launches new Fixed Rate ISA Bond Paying 3.25% / Personal_Finance / ISA's
By: Nationwide
Nationwide Building Society announced details of a new four year Fixed Rate ISA Bond, paying up to 2.75% gross p.a. / AER. The new Fixed Rate ISA Bond offers savers a choice of annual or monthly interest and provides a tax-free guaranteed rate of return.Read full article... Read full article...
Sunday, March 22, 2009
Nationwide Says Be Early to Top Up Your ISA and See it Grow / Personal_Finance / ISA's
By: Nationwide
ISA holders could earn an additional £594 million by topping up at the start of the tax year. Nationwide Building Society estimates that people in the UK could receive an additional £594 million on their savings and investments by topping up their existing Individual Savings Accounts (ISAs) at the beginning of the new tax year, rather than at the end.Read full article... Read full article...
Wednesday, September 24, 2008
Best Cash ISA Tax Free Savings Accounts- Sept 2008 / Personal_Finance / ISA's
By: Shahla_Walayat
The credit crisis meltdown that last week claimed the scalps of HBOS and Bradford and Bingley continues to exert upward pressure on UK savings interest rates as the banks are unable to borrow from one another on the interbank money markets. However the market has also witnessed drops in savings interest rates as the UK economy is slumping towards a recession with interest rate cuts, for instance Halifax has cut their Fixed Cash ISA rate from 6% to 5.5%. So it pays to do your home work as there is an extremely wide range of between 5% and 7.32%
Read full article... Read full article...
Wednesday, July 30, 2008
Best Cash ISA Savings Accounts- Northern Rock Fixed Rates- July 2008 / Personal_Finance / ISA's
By: Shahla_Walayat
Three bank of interest rate cuts have taken rates down to 5% from 5.75% and savers are still enjoying excellent Cash ISA savings interest rates courtesy of the ongoing credit crunch. However as the UK economy slows towards a possible there will be further cuts in UK interest rates and therefore cash ISA savings rates have started to decline from recent heady rates which in some cases passed 6.5%.
Read full article... Read full article...
Monday, March 10, 2008
Best Cash ISA Savings Accounts- Barclays Tax Haven ISA -March 2008 / Personal_Finance / ISA's
By: Shahla_Walayat
The end of the Tax year is little more than 3 weeks away giving enough time for savers to make sure that their cash ISA allowances are fully utilised. Savers can still enjoy remarkably good rates of interest despite two Bank of England interest rate cuts to 5.25%. This continues to be as a consequence of the credit crunch which means that cash starved banks are willing to pay savers that bit extra to get cash in through the doors. Though as the economy slows there will be further cuts in UK interest rates and therefore cash ISA savings rates will decline further from the heady levels approaching 7% seen in October 2007.
Sunday, January 06, 2008
Best Mini Cash ISA Tax Free Savings Accounts for 2008 / Personal_Finance / ISA's
By: Shahla_Walayat
Concerted central banks action is attempting to cut money market interest rates, this has met with some success with the LIBOR rate falling from a peak of 6.8% to the current 5.75% This is resulting in a cut in savings interest rates, however the likelihood is that there will be further deep cuts in UK interest rates during 2008, therefore the warnings that I have been issuing over the last 5 months to lock your in Cash ISA rates now at high levels still stands, though the fixed rates approaching 7% are long gone.Read full article... Read full article...
Thursday, November 22, 2007
Best Mini Cash ISA Tax Free Savings Accounts - Nov 2007 / Personal_Finance / ISA's
By: Shahla_Walayat
The loss of confidence in the financial sector due to the US subprime mortgage sparked credit crunch had resulted higher money market interest rates over the last few months. Though as warned in several previous articles, these high rates are slowly in the process of being withdrawn from the market in advance of cuts in UK interest rates. Though opportunities do still exist to lock in relatively high rates before the first cut in UK interest rates. The following table represents a selection of the best Cash ISA accounts currently available.
Read full article... Read full article...
Thursday, October 25, 2007
Northern Rock Savers to be Allowed to Restore Lost Cash ISA Tax Advantage / Personal_Finance / ISA's
By: Submissions
The Economic Secretary, Kitty Ussher, has announced that the Government would allow people who during the recent financial market disruption withdrew cash from Individual Savings Accounts (ISAs) held at Northern Rock – and in the process lost their tax advantages – to re-deposit that money into a cash ISA with Northern Rock or any other provider, restoring their tax advantages.Read full article... Read full article...
Tuesday, October 02, 2007
Government Should Allow ISA Savers to Switch From Equity to Cash ISA's / Personal_Finance / ISA's
By: Nationwide
Nationwide Building Society calls on the Chancellor to take action ahead of the Pre-Budget Report and amend the ISA system by enabling equity ISA holders to switch all or part of their ISA into cash, without losing their tax free ISA status. This would complement the changes which take effect next April in which cash ISA investors will be able to switch to equity investments.
Read full article... Read full article...
Saturday, September 22, 2007
Best Mini Cash ISA Tax Free Savings Accounts - September 2007 / Personal_Finance / ISA's
By: Shahla_Walayat
The credit crunch has resulted higher money market interest rates, which have to some extent been passed onto savers in the form of higher variable rate and fixed rates for mini cash ISA individual savings accounts. The following table represents a selection of the best Cash ISA accounts currently available.Read full article... Read full article...
Wednesday, August 08, 2007
The Best Mini Cash ISA Tax Free Savings Account - August 2007 / Personal_Finance / ISA's
By: Shahla_Walayat
UK Interest rates were raised to 5.75% in July and over the last 6 weeks many cash ISA providers have reflected the change by raising interest rates on the cash element of individual savings accounts. The following table represents a selection of the best Cash ISA accounts currently available.
Read full article... Read full article...
Monday, July 16, 2007
Best Cash ISA Tax Free Savings Accounts - Updated July 2007 / Personal_Finance / ISA's
By: Shahla_Walayat
UK Interest rates were recently increased to 5.75% and now cash ISA providers are starting to reflect the change by raising interest rates on the cash element of individual savings accounts. The following table represents a selection of the best Cash ISA rates currently available.Read full article... Read full article...
Wednesday, June 27, 2007
Barclays Tax Beater Cash ISA Does Not Live Up to Promises of Back Dating Interest / Personal_Finance / ISA's
By: Nadeem_Walayat
Many UK Savers investing in the Barclays Tax Beater Cash ISA were sucked into the headline 6.50% interest rate, well above competitor cash ISA's that at the time were hovering at around 6%. However on opening a Tax Beater Cash ISA, savers were met with an open ended delay in account opening, running into several months.Read full article... Read full article...
Friday, June 15, 2007
Barclays 6.5% Fixed Rate Mini Cash ISA Account Opening Delays Continue / Personal_Finance / ISA's
By: Shahla_Walayat
When Barclays first announced their 6.5% Mini Cash ISA account to the public on 16th March 2007, many savers leapt with joy at this excellent 12 month fixed rate ISA. However, having applied for the account months ago, people are still waiting for the accounts to be opened.Read full article... Read full article...
Saturday, June 09, 2007
Fool.co.uk calls for further simplification of Individual Savings Accounts (ISAs) / Personal_Finance / ISA's
By: Fool.co.uk
Virtually all savers find the plethora of rules governing ISAs confusing according to new research (1) by independent personal finance website Fool.co.uk.
- One in five savers think couples can open a joint ISA
- Two out of five say you lose your tax benefits if you withdraw money from an ISA
- Four out of five think ISA season ends in April
- Three out of ten savers reckon CAT standard ISAs are better
- One in five savers believe they must tell the taxman about their ISA nest egg
- One in ten think all cash ISAs are the same
Thursday, June 07, 2007
Nationwide Launches New Range of Fixed Rate Cash ISA Bonds Paying 6.05% / Personal_Finance / ISA's
By: Nationwide
Nationwide Building Society has announced that it will be launching a new range of Fixed Rate ISA Bonds with effect from 6 June 2007. The new one and two year Fixed Rate ISA Bonds will pay a highly competitive interest rate of 6.05%.Read full article... Read full article...
Thursday, May 31, 2007
Top Up Early and See your Cash and Shares ISAs Grow / Personal_Finance / ISA's
By: Nationwide
ISA holders could earn an additional £594 million by topping up at the start of the tax year
Nationwide Building Society estimates that people in the UK could receive an additional £594 million on their savings and investments by topping up their existing Individual Savings Accounts (ISAs) at the beginning of the new tax year, rather than at the end.
Tuesday, April 17, 2007
Don't forget your existing Cash ISAs / Personal_Finance / ISA's
By: MoneyFacts
Rachel Thrussell , head of savings at moneyfacts.co.uk – the money search engine , comments: “As the new tax year begins, many of us will be shopping around for a home for our 2007/2008 ISA savings. But with up to eight years worth of ISA and the potential of up £9K TESSA contributions, your existing tax free cash savings pot could already be in excess of £33K, so it is equally if not more important to check you are getting the best possible deal on your existing savings too.
“Unfortunately its not as simple as looking for the best current deals, as almost all best buy rates won't accept transfers in (hence the ability to offer higher interest rates) and just under half of all ISAs currently available are open for current year's subscriptions only.
Read full article... Read full article...
Friday, March 30, 2007
Top up early and see your Cash ISA Grow / Personal_Finance / ISA's
By: Sarah_Jones
ISA holders could earn an additional £594 million by topping up at the start of the tax year
Nationwide Building Society estimates that people in the UK could receive an additional £594 million on their savings and investments by topping up their existing Individual Savings Accounts (ISAs) at the beginning of the new tax year, rather than at the end.
Saturday, November 04, 2006
ISA's (Individual Savings Accounts) - Are to be extended indefinetly / Personal_Finance / ISA's
By: Phillipa_Green
The UK government has said that it intends to extend the tax free status of the ISA savings scheme, with no plans to end the tax free status.. The Isa's were due to expire in April 2010, but the Treasury minister Ed Balls has announced that the scheme would now become permanent instead. In addition, Mr Balls commented that the distinction between mini-Isas, which allow for investments of up to £4,000 in stocks and shares and £3,000 in cash, and maxi-Isas, which allow investments of up to £7,000, including up to £1,000 in life insurance, would be abolished. Read full article... Read full article...