The 3 year fix isn't bad, 4.15% but as you say not tax free.
The British shares ISA I didn't think they've worked out how it'll work yet.
Might end up being quite complicated, hopefully they'll push the complications onto the companies and banks providing the ISA
Yeah by the time you pay tax on the interest you are only coming out with 3.32% as a basic rate tax payer and i'd be wanting significantly more than that over the long term for an investment
It does raise an interesting question for those invested in stocks & shares, forget about the fluctuations and up's and downs of the market, what % of annualised return do people want or realistically expect to achieve
My own personal target is to achieve a 10% return which i'm not at right now however from Nov 21 the market took a real downturn and only started recovering around 6 months ago, prior to the downturn I was getting just over 12% and was ecstatic with that, currently around 8% even after a very poor week last week
I'm happy with 8% at present as I see more room for an increase once interest rates start to fall as i've got a fair bit in Global Tech
The worst I saw was when covid hit and I was down to about 4% but even at the bottom it kicked the shit out of the returns i'd have got parking it in the bank for the previous 10 or 15 years