Cash ISA needed.

[princeperch]

So I need to remortgage my house in just over four years. who knows what rates will be doing them but like everyone else I'm planning for an absolute shafting when the time comes.

To keep the monthly repayments reasonable I plan to set aside 40k now and bung that amount into two cash ISAs in my name and the Doris. Hopefully between now and then the figure available when the time comes will be about 50k with the interest added and a small top up from income.

I don't want to put this money into the markets - I have some money invested already I can leave alone.

Ideally I want a 4 year ISA as that would be ideal but the small number of 4 year ISAs don't seem to actually be 4 years.

The best rate for a 3 year ISA at the moment seems to be virgin money for 4.41pc.

If you were me would you open an account with that rate now or wait a few weeks and see if things move from here ? My inclination is that we have probably gone as high as savings rates will go for some time (even if the boebr keeps going up).

Fwiw I have used my tax free interest allowance already that year so it needs to be in an ISA.

Cheers

[LeoSayer]

princeperch said:

Fwiw I have used my tax free interest allowance already that year so it needs to be in an ISA.
Cheers

Do you mean that you have used your allowance in 2026/27?

What about the intervening years?

What about your wife/partner's allowance?

2 year fixes outside an ISA give up to 5% at the moment, so definitely worth making sure the allowance is fully utilised.

Alternatively, have you considered Premium Bonds?