ISAs need advice on swapping ....

[Ann]

I have a mini cash ISA (is this different to an ordinary ISA?) at a local building society which pays rubbish interest. Lloyds TSB rang me this morning and offered advice on changing to them as I have a current savings account with them. They told me the interest rate is 3.7% fixed for 2 years and they would do all the necessary paper work. How do I know if this is the best value without trawling round the town or on the internet. I don't want internet banking (don't trust it) and I need instant access to my ISA as now I am retired I have to use it for living on ..... Can anyone please suggest a bank/BS which is trustworthy and can offer a better rate and will do all the paperwork for me?

[factor-fiction]

3.7% is likely to be one of the best around based on your requirements.
But have a look on Martin Lewis MSE site

[factor-fiction]

http://www.moneysavin...h-isa-transfers#fixed
You may need to check whether the 3.7 % you mentioned allows withdrawals

[maggiebee]

Agree with factor30, you need to check if Lloyds TSB allow withdrawals should you need to access your cash. 3.7% is one of the best you will get just now. LTSB will do all the paperwork for you and it's a very simple process.

[rowanwitch]

also some out there are offering a lower rate for the duration with a bonus at the end making the 3.7% if it isn't touched during the 2 year period

[Ann]

Sorry forgot to mention that TSB did say instant access included ...... thanks for your advice, I'm not very good with personal finance (but not got enough to worry about haha)

[jamesnan]

Saw an advert in Santander for 4% for 2 year ISA, so that might be worth looking into. Perhaps a 2 year bond with monthly interest might be the way to go, again Santander seems to be offering the best interest.