I am looking into starting an ISA for myself and one for my wife but know very little about them, can people please give me any advise regarding what to look for and what are good ones and why, obviously l appericiate the interest rate is what you are looking for ultimately. I have got some brochures from Santander and Lloyds for no reason other than l was passing

Thanks in advance

Mike

 

you will find most of them offer a reasonable rate to new customers, so just go for the highest interest rate. next year you will probably have to look for another to transfer into though, as the rate if your existing one will plummet to virtually nothing.

cunts should be looking after existing customers, but they don't. the providers are being investigated by the FSA for that practice, bt in reality all it will end up doing is dropping all rates to the midpoint.

 

santanders has a huge bonus on it so after a year itll drop to 0.1% i think, also theyve got a backlog of applications so arent taking on any new customers around the area i live in, not sure if its the same everywhere.
theres some that only let you have so many withdrawals per year so watch out for that too

 

For starters you have a total allowance of £10,200 each. Up to £5,100 of that can be put into a Cash ISA and the remainder can be put into a Stocks & Shares ISA.

If I had the money spare I would honestly be going for a Stocks & Shares ISA (Self Select - Where you chose where your money is invested) and getting into some low risk funds, some shares, ETFs etc.

Obviously I'm not giving advice, but there are ways to compare Cash ISAs online:

http://www.moneysupermarket.com/savings/isas/cash/

http://www.moneysavingexpert.com/savings/best-cash-isa

http://www.iii.co.uk/isas/?type=cash