Tax free cash ISA allowance to be cut

[chirpychippy]

I have cash isa's, one fixed with Nat West at about 6-7% and a little isa with HSBC that I keep forgetting to move to get a better rate.

Why?

I don't understand stocks and shares, other than my naivety I also feel it's to risky, I'd rather be earning a measly interest whilst keeping hold of it, than shoving it in shares and losing the lot.

 

[Mottie]

I have cash isa's, one fixed with Nat West at about 6-7%

No chance!

 

[chirpychippy]

No chance!

Hold on ill check the rate...

 

[Mottie]

Hold on ill check the rate...

Hurry up, I’m waiting to move all my ISA’s into it!

 

[chirpychippy]

No chance!

6% Natwest.

 

[Mottie]

6% Natwest.

Got a link?

 

[Mottie]

You'd best get on to the financial websites then - they all seemed to have missed that one!

Compare Our Best Cash ISA Rates | Up To 4.47% | money.co.uk

Cash ISA are tax free saving account and available from high street banks. Compare our best Cash ISA and choose the best cash ISA rates which will pay you the high interest on your balance.

www.money.co.uk

You’re not confusing it with the 6.17% offer are you? That’s not an ISA and you can only put in a max of £150 per month. And it’s variable.

 

[chirpychippy]

Got a link?

Not unless we go back 23 months, this was the rate offered for a 2 year fixed in August 2023. Want get that rate now, I've just looked.

 

[gas112]

You are not getting the best return in an isa , just a safe one .

And you dont think that is what some people need ? to make sure they are not going to lose any money

 

[gas112]

Not unless we go back 23 months, this was the rate offered for a 2 year fixed in August 2023. Want get that rate now, I've just looked.

So how many years is it locked in for you to get this 6% in august 23

 

[chirpychippy]

So how many years is it locked in for to get this 6% in august 23

Two

 

[Mottie]

.

Not unless we go back 23 months, this was the rate offered for a 2 year fixed in August 2023. Want get that rate now, I've just looked.

Two

You did well.

 

[gas112]

Two

Nat west 2 year fixed rate cash isa on 10th of July 23 was 4.5% issue number 323
It then increased to 4.85% on 7th of aug 23 (issue number 325) and stayed that rate until 4th sept 23

 

[chirpychippy]

You'd best get on to the financial websites then - they all seemed to have missed that one!

Compare Our Best Cash ISA Rates | Up To 4.47% | money.co.uk

Cash ISA are tax free saving account and available from high street banks. Compare our best Cash ISA and choose the best cash ISA rates which will pay you the high interest on your balance.

www.money.co.uk

You’re not confusing it with the 6.17% offer are you? That’s not an ISA and you can only put in a max of £150 per month. And it’s variable.

No, it's a fixed ISA I can't pay into it, I transferred from HSBC.

 

[chirpychippy]

Nat west rate for a fixed rate cash isa in 7th of July 23 was 4.5%
It then increased to 4.85% on 7th of aug 23 and stayed that rate until

It's 6%, i don't know how to right it any other way, hold on, it's six percent. It expires on the the 16th of August this year.