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ISA Bond...........?
Rikki
Posts: 21,625 Forumite
Isa bonds.
How do these work and who are they beneficial for?
How do these work and who are they beneficial for?
£2 Coins Savings Club 2012 is £4 
.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 21
.............................NCFC member No: 00005...............................................................................TCNC member No: 00008
NPFM 21
0
Comments
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If you mean something like Nationwide's ISA Bonds, they are simply fixed-rate Cash ISA accounts with the word 'bond' stuck on to make them appear to be something special.0
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If you mean something like Nationwide's ISA Bonds, they are simply fixed-rate Cash ISA accounts with the word 'bond' stuck on to make them appear to be something special.
Do they just change to an Isa for this tax year 2008/2009 at the end of the term?£2 Coins Savings Club 2012 is £4.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210 -
An ISA 'Bond' is a Cash ISA for this tax year, there's no change involved (forget the word 'bond', it's just a marketing ploy).Do they just change to an Isa for this tax year 2008/2009 at the end of the term?
They simply revert to being a variable rate, rather than fixed-rate Cash ISA at the end of the term.0 -
An ISA 'Bond' is a Cash ISA for this tax year, there's no change involved (forget the word 'bond', it's just a marketing ploy).
They simply revert to being a variable rate, rather than fixed-rate Cash ISA at the end of the term.
Sorry.
I have bonds and Isa's so when you see the two words together the line between them blurs. So I was just double checking. £2 Coins Savings Club 2012 is £4.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210 -
More confusion caused by a few banks using the term bond incorrectly. Fixed term deposits held in an ISA wrapper doesnt roll off the tongue as well as bond.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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