A&L drop transfer charge

isasmurf · 13 June 2005 at 6:17PM

Good news for those of you who ignored all the moneysavers advice. A&L have dropped the £25 charge to transfer your ISA to another provider with immediate effect.
That's bad news for people like me who avoided this ISA because of the transfer charge given they have now closed this ISA to new investors.
But a new Online ISA is due next month... but will the interest rate be as good? I fear not...

jimclark1967 · 14 June 2005 at 3:49PM

Oh well, you win some you lose some I suppose

Well done to those who went for A&L's ISA :rolleyes:

ReportInvestor · 14 June 2005 at 4:27PM

Excellent news.

Maybe Portman BS will now be shamed into dropping their charge? And pigs might fly?

NumboJumbo · 26 June 2005 at 9:07AM

isasmurf

Thanks for imparting the good news, but where did u get this info from. I can't seem to verify this on A+L's site. Thanks in advance for your reply.

isasmurf · 26 June 2005 at 3:15PM

It was in a couple of news stories around at the time - which Martin has subsequently verified by posting this information. Also, the charge was previously mentioned in the Tariffs for Additional Services leaflet, but it has now disappeared.

simonkirkland · 12 July 2005 at 8:00AM

They have their cash ISA online now:

http://www.alliance-leicester.co.uk/savings/index.asp?page=direct-isa

4.75%!!! think I'll go elsewhere... I currently have £9000 in First direct's 6.25% ISA which I will be transferring before it drops in October.... I'll look around and see where to put it but I don't think it will be with A+L...

Shame as I have my current account, savings and Mortgage with them as they are all very good... :-)
Simon

koenig · 12 July 2005 at 7:41PM

isasmurf wrote:

It was in a couple of news stories around at the time - which Martin has subsequently verified by posting this information. Also, the charge was previously mentioned in the Tariffs for Additional Services leaflet, but it has now disappeared.

This statement has also been removed from the t+c's pdf file:
New T+C's

"5.5 If You wish to transfer the funds in Your Account to an ISA at another financial institution,
an exit charge, as detailed in our Tariff for Additional Services, may be payable. This will
be withdrawn from the total balance on the Account unless You have already made a
payment through an alternative method that We have agreed."

koenig · 12 July 2005 at 7:44PM

Any1 know if the Abbey Postal ISA issue1 is still 5.35% ?

Thanks

A&L drop transfer charge

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