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  • FIRST POST
    • esmereldagreen
    • By esmereldagreen 15th Sep 17, 6:31 AM
    • 4Posts
    • 0Thanks
    esmereldagreen
    Limited issue ISA
    • #1
    • 15th Sep 17, 6:31 AM
    Limited issue ISA 15th Sep 17 at 6:31 AM
    Hi all,

    I've been researching 2 year fixed rate ISAs and have come across a few that say they are limited issue. I have read the Ts and Cs and still can't quite understand what this would mean for me opening one. I'm going to call a few when they open but wondered if anyone could enlighten me?

    Sorry if this has been asked before, I did a search and got a lot of random threads popping up.
Page 1
    • Neil Jones
    • By Neil Jones 15th Sep 17, 9:01 AM
    • 727 Posts
    • 390 Thanks
    Neil Jones
    • #2
    • 15th Sep 17, 9:01 AM
    • #2
    • 15th Sep 17, 9:01 AM
    As a general rule unless T&Cs state otherwise it typically means the ISA is only available for a limited time on a first-come-first-served basis. One of the rules of providers offering Cash ISAs is the need to allow you to be able to have early access to your money regardless of whether you have a fix.

    Which ISA have you found that says its limited issue?
    • dunstonh
    • By dunstonh 15th Sep 17, 10:49 AM
    • 89,476 Posts
    • 54,945 Thanks
    dunstonh
    • #3
    • 15th Sep 17, 10:49 AM
    • #3
    • 15th Sep 17, 10:49 AM
    I've been researching 2 year fixed rate ISAs and have come across a few that say they are limited issue.
    Virtually all fixed term deposits are time limited. They get issued in tranches to an expiry date or when sufficient funds have been allocated that could lead to early withdrawal of the product.

    I have read the Ts and Cs and still can't quite understand what this would mean for me opening one.
    it would mean nothing to you if you have already opened the account and deposited your money.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • jimjames
    • By jimjames 17th Sep 17, 5:51 PM
    • 12,011 Posts
    • 10,450 Thanks
    jimjames
    • #4
    • 17th Sep 17, 5:51 PM
    • #4
    • 17th Sep 17, 5:51 PM
    it would mean nothing to you if you have already opened the account and deposited your money.
    Originally posted by dunstonh
    But could be a show stopper if you open the account expecting to pay money in over the whole year as they'll be unable to deposit after that initial period.

    Hi all,

    I've been researching 2 year fixed rate ISAs and have come across a few that say they are limited issue. I have read the Ts and Cs and still can't quite understand what this would mean for me opening one. I'm going to call a few when they open but wondered if anyone could enlighten me?
    Originally posted by esmereldagreen
    If you are paying in a lump sum it will have no effect. If you are intending paying in monthly or adhoc amounts when you want then it isn't a suitable account
    Remember the saying: if it looks too good to be true it almost certainly is.
    • esmereldagreen
    • By esmereldagreen 22nd Sep 17, 9:19 AM
    • 4 Posts
    • 0 Thanks
    esmereldagreen
    • #5
    • 22nd Sep 17, 9:19 AM
    • #5
    • 22nd Sep 17, 9:19 AM
    Thanks everyone. We are looking for one that we pay into regularly. The two with limited issue were Virgin Money and Yorkshire Bank and I had read somewhere that Yorkshire bank wasn't suitable for paying in on a regular basis.

    You have helped make my decision, thanks so much!
    • jimjames
    • By jimjames 22nd Sep 17, 12:26 PM
    • 12,011 Posts
    • 10,450 Thanks
    jimjames
    • #6
    • 22nd Sep 17, 12:26 PM
    • #6
    • 22nd Sep 17, 12:26 PM
    If you are looking for regular payments then a regular saver account (not a cash ISA) is likely to give much better interest than an ISA
    Remember the saying: if it looks too good to be true it almost certainly is.
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