which is the best isa to invest?

Answer 1

You don't state whether you wish to invest in a cash ISA or a share based ISA.

Over the long term the share based ISA will give you a better return (the average annual return on shares since the 2nd world war has been 11%) when compared to the cash ISA. However, shares have now been rising for 4 and a half years and there will come a time, probably in the not too distant future, when the stock market will start to fall again. It may be best to wait till the market has fallen to rock bottom before investing in shares if you want to maximise your returns.

However, have a look on the comparison site www.moneysupermarket.com as it will give you a list of the most competitive cash ISAs currently available.

However, be warned. Some of the higher interest rates offered by banks require you to have a current account with them and also they can change their interest rate without warning so keep an eye on the interest you are receiving and change ISAs if you can get a better return elsewhere.

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

Answer 2

If you are going to get an ISA just invest in a mini one. If you invest in the larger stocks and shares ISA you stand to risk losing lots of money if shares don't do well. I think you would be better investing in a high interest Building Society account unless you are a higher rate tax payer. The only advantage with ISA's is you don't pay tax, but the interest rate is poor.

Answer 3

If you mean the Cash ISA then it has to be National Savings who offer 5.80%.

The Alliance & Leicester offer of 7% requires you to have a current account with them. Also, because they, like many other banks, are lying, deceiving creatures, you may rest assured that in a few months the offer will be quietly scrapped.

Answer 4

mm..a good bet at the moment is to invest in any fund that has CHINA written on it...