Thursday, 12 March 2009

Barclays Golden Isa

Barclays Bank has the best-buy rate Isa of 3.61%. It compares favourably with the average rate of 3.2% for fixed-rate Isas, but this one is a variable rate, so it could come tumbling down any day.

The bank has had some administrative problems with its Isa application processing, and some savers even lost out on their tax free allowance in the year. Barclays says it has fixed the problems, with an automated account opening process.

It does not allow transfers in, so you will have to find new money to fund this Isa.

It’s worth considering but be aware of its variable nature.

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