ISA accounts?

Question

i have a few questions that i havent been able to find the answers for with this.

1) what is the minium amount you can put into an ISA

2) can you add money to it throughout the year or has it all got to be put in at once

3) Can you withdraw from it whenever you want

4) who is the best to go to for to open an ISA

5) Are you able to open up an ISA anytime during the year

Answer 1

Maybe this will help answer some of your questions:

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1045408312,40680,

Answer 2

1) There are no theoretical minimum - this will depend on the provider.

2) you can add money up to the relevant maximum amount. This is £7,000 for a stocks & shares ISA. Or up to £3,000 in a cash mini ISA and up to £4,000 in a stocks & shares mini ISA.

3) yes, if your provider lets you. sometimes there are some restrictions on a cash ISA

4) depends what you want, for a cash ISA have a look at some of the websites others here have suggested. For a stocks & shares ISA, I like http://www.financial-discounts.co.uk/ . They offer some good discounts which I haven't seen cheaper elsewhere. If you want an index tracker then maybe try Legal & General at http://www.legalandgeneral.com/investments/

5) yes

Answer 3

Minimum £25. Maximum £3000 Cash ISA only £7000 if linked to stock market.
Put in in dribs and drabs £25 each time or more.
Best not to.
Most places are ok Alliance & Leicester OK.
Yes but the interest is calculated differently.

Answer 4

1) From £1 to £100 depending on the bank or building society.

2) You can add money at any time,but max, £3000 in any financial year.

3) Yes, provided it is a no notice a/c

4) Currently the best is Kent Reliance. You can open it with £1, pays 5.71%, no notice, postal a/c

5) Yes, any time, one a/c per year.

Answer 5

Have a look at www.moneynet.co.uk Hope it helps & Good Luck.I took mine out with sun life its a fixed term of 15 years.

Answer 6

http://www.moneynet.co.uk/saving/savings_accounts/isa_account/isa_faq/index.shtml#b