an i.s.a. that isnt moved about to extract the highest current rate,is-be the bank allowed to rot away at .01% A.P.R. according to the news, just as everything in life,inertia has its own rewards, i took my isa out years ago,and put them into self-select shares I.S.A. i would rather gamble with my own judgement,and the risks ,(up and downs of the market) than to accept a crummy .01% remember APR,s of 3.5% fair badly,against inflation of 5%
spider9 I know there are a number around, but what I was saying was, as QuizMan says, new products are usually only for new money. Its how the banks etc stop you transferring larger amounts into the better paying new products so that they only have to pay the higher rates on a maximum of one years ISA allowance. The introductory rate then drops back after a year to more or less what you can get almost anywhere.
For example Barclays Golden ISAs
Issue 1 now paying 2.25% AER Issue 2 " " 2.08% AER Issue 3 ( New one) 3.25% AER for 1 year with bonus