Just Wondering

[weecalf]

With the talk about misold ISA I looked at my account can’t find any details of movement in the account for last three months fair enough but but my 10,00 is earning about 25 quid a year does that seem right .

[barry1010]

What is the interest rate?

[wolf63]

Is that £10.00 or £10,000?

[barry1010]

Your £10,000 is currently earning .25% which is low. The top cash ISA would currently pay out £89

[weecalf]

Sorry 10.000

[barry1010]

Wolf, I wish I could earn £25 interest in a year on a £10 investment :D

[ladybirder]

Which company is that ISA with Barry and how long's it tied in for please?

[wolf63]

When I was younger I remember calculating how much income a bank deposit would make at 8%. Those were the days.

I put ¾ of my savings in Premium Bonds.

[ladybirder]

Err the £89/pa one.

[barry1010]

Ladybirder, NS&I is paying .9% so that would be £90 on £10,000. You can check the details yourself

[barry1010]

weecalf, what is the interest rate?

[fiction-factory]

Sounds like 0.25%. The rates on many ISAs and savings accounts drift down to these sorts of levels (I saw one recently paying 0.01%!) in the hope you don't notice or can't get round to changing your account.
I don't see any case of misselling if that's what you are wondering.
It's time to shop around and get something nearer 1%- that's another £75 a year.
The best rates are not normally ISAs now but if the tax free interest is important to you because you have significant interest income from other accounts then maybe an ISA is still attractive.

I vaguely recall you posted something similar quite some time ago.

[Peter Pedant]

standard bait and change
first year OK interest rate
and then goes to near zero