Zopa clearly not paying Martin Lewis!![]()
Top savings accounts
Find the best interest rate savings accounts & maximise your returns with Martin Lewis' guide.www.moneysavingexpert.com
Zopa clearly not paying Martin Lewis!![]()
Top savings accounts
Find the best interest rate savings accounts & maximise your returns with Martin Lewis' guide.www.moneysavingexpert.com
It's mostly because the users can't read.Chip has terrible reviews on Play store![]()
Thank you, that makes senseIt's mostly because the users can't read.
There is a monthly paid feature that auto saves for you, it asks you whether you want it once and you just say no. Or people don't understand open banking connections which they use for user authentication.
I used them for 6+ months, they were flawless for that time.
That's gonna drop soon as it's base rate - 1.15% + 1% boost.Still with Chase at 5.1 until November.![]()
When you withdraw all assuming thats what you mean then they will calc interest and pay it to you.ISA noob here, can someone help me understand.
If you have an easy access ISA that pays interest p.a (rather than monthly/daily) and you withdraw all the funds before the annual interest payout, do you lose the interest earned?
Would you need to close the account to retain the gained interest rather than withdrawing the money? What happens when you close an ISA, do you just allocate an account for the money to be moved to?
How much $?Thanks for the replies chaps, my current fixed ISA has recently matured, and I'm hoping for a house purchase at some point in the near future, (not a first time buyer) I didn't want to transfer into another fixed term in case I need to access the money in a hurry.
Like I say I'm not too clued-up on it all and normally play it safe with big name banks, I see trading 212 are offering a good deal on an easy access cash ISA at the moment, but tbh I've hot heard of them before, and I wonder how easily and quickly a transfer in/out would be, also not keen on the idea of not being able to call someone if there is a problem.
I see YBS and virgin have higher than average rates on their easy access ISA, but the interest is paid p.a hence my initial question.
Or is there something else I should be looking at?
not according to the email i got this morningStill at 5.08% with zopa .
not according to the email i got this morning![]()
Still with Chase at 5.1 until November.![]()
Can ISA's be transferred to another provider? so say you have £39,500 in an ISA pot, can you transfer this sum to another provider without getting penalised? (IE hop on to a provider that is the same type, higher rate, no penalties for withdrawing, monthly interest blah blah ?
Looking at the interest 5.08% vs 4.80%
If you have £39,500 in your ISA -
If your interest rate is 5.08% , then 5.08% of £39,500 is £2006.6 - divide this by 12 (which is 12 months) that is £167 per month interest
If you have £39,500 in your ISA
If your interest rate is 4.80%, then 4.80% of £39,500 is £1896 - divide this by 12 (which is 12 months) that is £158 per month interest?
So that is around £8-9 less interest per month lost or around £96 per year.
I guess it isn't a huge amount of difference no ?