C&G minicash ISA fixed 5% for one year

A question about : C&G minicash ISA fixed 5% for one year

spotted this new issue for new customers

5% guaranteed for one year (July 2005) then reverts to there standard cash ISA rate (currently 4.3%)

30 day notice period, 90 day penalty if no notice, use for one year and then transfer to a new one later on

min investment Ј1000

great forums, I have been looking for something like this for ages

Best answers:

• This doesn't look that good to be honest with you.
  I'm expecting interest rates to go up again either this month or next month, possibly by as much 0.5%, with probably another 2 or 3 further rises over the next 12 months. So I think you're easily going to get instant access ISAs paying 5% or more in the next 2 or 3 months.
• Noting comments about possible further bank rate increases. What about "A bird in the hand".
  Would it not be possible after taking out the C&G Isa to immediateley put it on 3 months notice and then move it if there is something better on offer?