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A & L direct ISA issue 2

I have a cash ISA with IF that is paying 4.55% would it make sense to transfer it to the Direct ISA issue 2 that pays 5.20% plus a bonus ?

If so can I transfer the whole amount which with interest is now over £4,400 or can I only transfer £3000?

If I read the info correctly I have transfer the funds directly and not via my current acc.
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Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    tanith wrote:
    I have a cash ISA with IF that is paying 4.55% would it make sense to transfer it to the Direct ISA issue 2 that pays 5.20% plus a bonus ?
    It's 5.2% including a 0.70% bonus. Only the bonus is guaranteed until the end of April 2007. The underlying 4.50% is variable, and it may stay at =BOE, or be changed at A&L's discretion.
    tanith wrote:
    If so can I transfer the whole amount which with interest is now over £4,400 or can I only transfer £3000?

    If I read the info correctly I have transfer the funds directly and not via my current acc.
    The details are here...http://www.alliance-leicester.co.uk/directisauserguide/index.asp?page=page5
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