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7% A&L Cash ISA - Fixed April 2008
foolsgold99
Posts: 413 Forumite
Hi,
not sure if this has already been mentioned but I thought I would let people know. The new tax year is approaching and A&L are now advertising their cash ISA at 7% fixed until April 2008. Seems like a good deal to me but it requires a premier current account. It's a pretty good current account too so all in all it looks like a bit of a winner.
7% tax free fixed for the year! Brilliant :T
not sure if this has already been mentioned but I thought I would let people know. The new tax year is approaching and A&L are now advertising their cash ISA at 7% fixed until April 2008. Seems like a good deal to me but it requires a premier current account. It's a pretty good current account too so all in all it looks like a bit of a winner.
7% tax free fixed for the year! Brilliant :T
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Comments
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Yes that is an excellant rate but A&L are good at offering high rates like this and then not allowing customers to benefit from new rates. Take for instance when they launched their monly saving account at 12%, to get this you needed to open their current account. They have done the same thing with the new ISA. If you don't have the current account with them I would recommend signing up for it because it is a fantastic account and you can benefit from the ISA as well. But it aint' fair for all us who already have current accounts with them :mad:0
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Maybe we should apply for a Halifax CA paying 6.17%AER up to £2.5 to bag £100 incentive and cavel A&L CA when your intro bonus expires, transfer your A&L ISA to other provider. After 3 months re-apply for A&L Premier direct and re-transfer your ISA to get 7%. That's what I'm planning to do anyway :beer:mattih5 wrote:Yes that is an excellant rate but A&L are good at offering high rates like this and then not allowing customers to benefit from new rates. Take for instance when they launched their monly saving account at 12%, to get this you needed to open their current account. They have done the same thing with the new ISA. If you don't have the current account with them I would recommend signing up for it because it is a fantastic account and you can benefit from the ISA as well. But it aint' fair for all us who already have current accounts with them :mad:0 -
Sounds good but i'm not sure if you are guaranteed for A&L to allow you back.0
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Yip, I plan to do that as well0
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The 7% ISA doesnt allow transfers in.0
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Hello,
I finally decided to save in an ISA. My money situation has slightly improved over the last few months (should have all catalogue bills fully paid in a month or so) and want to start paying back into my pension and sort out my savings.
I've been putting £20 a month away in a cahoot savings account but feel I should be putting this month into an ISA. I think a mini cash ISA would be best for me. I have £350 to transfer from my cahoot cavings to the ISA. If I moved to an ISA I would probably pay £50 a month into it. When I look for the best deal on Moneysupermarket.com it tells me A&L have one going for 7% fixed till next year. This is much higher than anyone else but is it a good deal?
I don't want any transfer charges, I would prefer easy access to my money. What do people recommend? I was looking at Yorkshire BS's e-ISA or Kent Reliance Building Society’s ISA.
Any help much appreciated.
KrazyK0 -
Remember there are certain conditions to the A+L 7% Isa. You have to take their current account being one of them.0
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krazyk - You're right to look at using a mini cash ISA, especially if you're a taxpayer as you get to keep all of the interest your money makes.
From what you've said, I don't think the A&L ISA would be right for you. In order to qualify you have to open an A&L Premier Current account along with the ISA. The Premier current account requires you to fund it with £500 per month otherwise A&L charge a £5.00 under funding fee.
The YBS e-ISA is a good option at 5.65%. The NS&I ISA pays 5.80% but it requires a minimum opening deposit of £1,000 and additional deposits must be at least £250 (or £100 by standing order), so probably not suitable.Please call me 'Kazza'.0 -
Just a thought, but it does not seem clear whether or not you can fund the ISA from an external source. I know the old regular saver stipulated that funds must go through the current account, but I don't see a similar clause here (I might have missed something in the T&C's). If you can, then you might not need to keep the current account open. It would be rather a nice loophole, eh, so probably just wishful thinking on my part. :rolleyes:Kazza242 wrote:The Premier current account requires you to fund it with £500 per month otherwise A&L charge a £5.00 under funding fee.0 -
ING now have an offering (6.55% for 6 months; 6.0% AER for the first year):- see this thread
It doesn't accept transfers, but with your balance, you could just withdraw and reinvest.0
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