Isa With Bradford And Bingley What Would You Do

deafpaul

My mom and dad have an isa with the bradford and bingley and would like to know what to do is it best for them to take it out with the trouble at the moment or leave it where it is

isofa

Assuming it's a Cash ISA... If they have 35K and it's in one name, or 70K and it's in joint names it, I'd not worry, if they have more, then you have to weigh up the pros and cons, but there is only a minuscule chance any depositor will lose any money. (The FSCS scheme protects the first 35K on sole accounts and 70K on joint accounts.)

Better to look at the rate being paid and see if you can get a better deal elsewhere, providers that accept transfers in from other ISAs are listed here at Moneyfacts.