ICA's any idea how much would one would expect

[in a mo]

If I invested £7,000 over 5 years how much interest would I expect to make.
Either via ICA's or High interest account.

[Gizmonster]

I assume you mean ISA ??
I think the top paying ISA at the moment, if you lock away in a 5 year deal, is around 3.5 - 4.0%
If we assume 3.5%, compounded over 5 years, it equates to interest of £1313.80.
If we assume 4.0%, compounded over 5 years, it equates to interest of £1516.57.

[in a mo]

Gizmonster thank you so much for the figures ,do these figures include for tax or is this a tax free sum ,you must excuse my lack of knowledge in these matters .

[factor-fiction]

ISAs are tax free provided you comply with the ISA rules

[ubasses]

Tax free if ISA

[factor-fiction]

However £8000 is more than you are permitted to put into an ISA so you'd have to do most this year and put the balance in some sort of easy access account so you can put it into the iSA in April 2013

[factor-fiction]

http://www.moneysavin...savings/best-cash-isa

[in a mo]

My Mother in law put £7,000 With Scottish Widows for 5 years Capital Protected 3 share class L I am trying to sort it out for her the return is appalling, enough to say it is double figures over 50 not 80.The reason for the saving was to help with a mortgage shortfall,the seller was aware of this at the time.
Any advice please I am way out of my comfort zone .
A Sincere Thank you so much for your help so far. In A Mo

[ubasses]

As you are in a stocks and shares ISA it cannot be transferred to a cash ISA, but can be transferred to another Stock and shares but you really need the advice of a financial advisor in this case. If the maturity date is near, being Capital protected you will at least get all your investment back even if the Market has fallen. If this year's ISA allowance has not been used and the fund matures you could withdraw them and place them in a cash ISA . Very difficult to be specific without knowing all the in's and outs. IFA would be your best move.

[boxtops]

This tax year, you can put only up to £5640 in a cash ISA, but that sum can be more for a stocks and shares ISA.

[in a mo]

Would I be correct in saying that as the ISA's were in Stocks and Shares then there would be a chance that the returns would be much smaller than if the investment had been put into a Cash ISA.
The fact is £7.000 was put into Stocks and Shares for 5 years and made less than £80 this is not good,the money was invested to help with the recognised Mortgage shortfall.