General Betting
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12 Jul 11
13:24
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Date Joined:
28 Oct 08
Hell,
I went into my branch today to set up another ISA and the guy behind the counter said he could offer me 2% fixed for 12 months so I said yes.
Is this a good deal? Are there better ones out there?
I went into my branch today to set up another ISA and the guy behind the counter said he could offer me 2% fixed for 12 months so I said yes.
Is this a good deal? Are there better ones out there?
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Replies: 22
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I get 3% with the Bank of Scotland, with no restrictions on the account.
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If you are not a higher rate taxpayer then you might as well keep the money under your bed.
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northern rock 3.2
nat west 2.5 halifax 2.5 ^ or long term 2 years £500+ 3.65% 3 years £500+ 3.70% 4 years £500+ 4.40% |
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Aah so RBS are actually at the lower end.
The Northern Rock one looks not bad, is there a limit to when you can withdraw? I can't utilise my bank on here anymore and there's more risk with having cash in Betfair than a saving account. Excluding ISA's what other options do I have? I bought a chunk of Premium Bonds a while back, maybe that's a better idea? |
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Hello there Rocket to the FACE.
Bit of a shot in the dark but if you have a mortgage then perhaps make an overpayment. Then if you want any of the money you can (or may well be able to depending on your mortgage provider) make corresponding underpayments. |
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Now there's a problem I hope I won't run into for a while...
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No mortgage to pay off U.A me old muckaa
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2% per year
pathetic  |
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Hey ZEALOT I shouldn't tell you what some of my others are on then.
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RttF
are you a normal rate tax payer - do you have a partner who is non tax or normal rate tax payer cant you commit to investing for more than one year? |
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Look on moneysupermarket.com for the best rates
I cashed my premium bonds in due to poor performance, they used to do really well. NS and I are worth a look though, they have some index-linked savings accounts which are quite good. If you are looking to commit I would go with paying a chunk off the mortgage. |
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Poor performance? I thought it worked like a lottery? I guess with low rates you have less chance of winning though.
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Rocket- re. ISA's, if you're still looking I can recommend Kent Reliance Building Society, had an ISA with them for many years. They are usually pretty good with regard to interest rates, usually in the top 4 or 5 in the 'Best Buy' tables. Currently offering a standard ISA (no withdrawal penalties etc) at 3.01%
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Investor, yes they started being carp when the interest rates fell and I can understand that but they returned so little over a 6 month period I liquidated them instead of some gold when I bought my house. The right choice imo, unless of course I would have won a big prize by now :/
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jimmy69 12 Jul 11 13:46
If you are not a higher rate taxpayer then you might as well keep the money under your bed. __________________________________ Doesn't this make hoovering a problem ? |
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A bit of dust won't hurt you Coach
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Just opened a Northern Rock ISA as well
3.2% fixed for 12 months They say a maximum of one cash ISA limited to £5340. But on their mimimum and maximum balance column they say the maximum is £2,000,000? |
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I don't get how their 2 year plan can offer 3.55% but their 3 year plan only 3.4%
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"Just opened a Northern Rock ISA as well"
In the same financial year as your other ISA??????? |
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Yeap.
Bearing in mind there was nothing paid into my RBS ISA |
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still 2 opened in 1 tax year
tax man will be asking questions - and will probably concern himself with your other financial details now too as you have highlighted yourself to him. |
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Rocket
The Govt. wants you to spend not save. Be a good citizen now. |