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Bradford & Bingley B .S. ISAs
jeannie_1
Posts: 25 Forumite
My husband & I have an Isa each in the above.
With all the talk about B&BBS not being stable and the interest rate going down, would we be better transferring one of them to somewhere else, just in case we needed some money urgently and B&BBS HAD gone beely up (as I understand in this case, although our bit would be safe, we may have to wait for months to get at it)?
Also where would be the best place to transfer it to, or would it be better to draw the money out at the end of the year (after interest has been paid) and start a new one?
With all the talk about B&BBS not being stable and the interest rate going down, would we be better transferring one of them to somewhere else, just in case we needed some money urgently and B&BBS HAD gone beely up (as I understand in this case, although our bit would be safe, we may have to wait for months to get at it)?
Also where would be the best place to transfer it to, or would it be better to draw the money out at the end of the year (after interest has been paid) and start a new one?
0
Comments
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With all the talk about B&BBS not being stable
They are stable. They have just had the £400 million rights issue agreed today. Long term they look like a takeover target (a bit like A&L).
No retail bank has failed in over 100 years. I doubt you are going to see one any time soon. If B&B did follow Northern Rock then you would expect the same treatment. Nationalisation of B&B.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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