Fixed-Rate ISA: How to Get the Most Out of Your Money
Closely monitor the interest rate of your fixed-rate ISA and decide to transfer it should you find better rates.
13:05 04 April 2013
A fixed-rate ISA (Individual Savings Account) is one of the most efficient savings tools these days. This saving tool provides you with a guaranteed rate of return on your savings after the lock-in period and the interest you earn is tax-free.
There are thousands of people who are investing on fixed-rate ISA however, not all of them are getting the best return of investment. Why? Simply because they do not keep themselves posted on new providers whomay offer better rates.
Making money these days is very important. If you have fixed-rate ISA, make sure that you choose a provider that offers the highest rate. If you find one that is way better that your current provider, consider transferring your funds.
This is a very easy process although some providers will charge you should you take out your money within the lock-in period.
There are several ISA comparison sites that you can use when determining which provider can give you the most of your investment. Make the decision now!