Yes, it was very common for banks to introduce ISAs (or other savings accounts) with bonuses attached, this put them at the top of newspaper and comparison site best buy lists.  always worth noting when how long the bonus runs for and then move the funds. 

 

 

What bank is giving the fixed rate ,cheers

My bank is 3%AER(variable).with unlimited withdrawals.

Usually you'll find that Building Societies give the best, although you may have to tie up Your cash for five years for 5% but when you say 3% aer make sure they are still giving you it after three years. If I was the type who invested in a cash ISA every five years I should imagine that I would look at Birmingham midshires? Coventry I think have sold out. Best thing to do is google Building Societies and go through them one by one. A lot of 'em accept transfers.

Will do Garage Joe ,cheers .

Sorry! I'm on here while doing another job. If I was investing every year I would be looking for 5%

My bank have said I have until the 6th June to transfer,I was going to,but now I will take a more considered decision.

any spare cash i have ends up in the piggy bank aka "my children"

So where do you keep your money. In a sock under the mattress?

Shoeboxes.

Many banks will offer an 'instant access' account with/or unlimited withdrawals. This kind of account will offer a lower rate than the 'fixed term' accounts. but as the interest is tax-free it can be worth it, even if you don't have a lot of money in it at any one time.

 

I went for one that's instant access and it guarantees a bonus of 1.25% over one year. I was also able to transfer my existing cash ISA into it (it was only getting a measly 0.3% by this time) so I'm quids in. (relatively speaking)

We shall see what the financial climate is like come December and start deciding where it's to go next - assuming there's anything left!

Sometimes it pays to put any excess money in a bond even if it's not tax free. Paying tax on 5% is obviously better than 0.5% tax free!

 

I should imagine.

Blimey! The rates have collapsed. Doesn't appear to be anything better than 3%