Skipton Fixed rate loyalty cash isa

Baldur

Old_Slaphead wrote: »

Won't apply until 2009/10 tax year.

Most likely if anything's to be changed it will be announced in Budget towards end April

It's ony 13/14 days to the 2009/10 tax year - an announcement towards the end of April isn't much use is it? Hence my 'last minute' comment.

libra10

Thanks for your help, much appreciated.

steady__eddie

Likewise, I've also had my letter and have been deliberating which one (if any) to go for. My calcs indicate that £132.87 will be paid on the 3% job and £201.85 (in total) on the 3.15% job. (Assuming that this years I.S.A. was opened on 07/04/08 with cash). I am also assuming that interest on the 3.15% offer is capitalised on 05/04/10, a point I cannot see mentioned in their blurb.
Overall, my gut feeling is to go for the one year because optimistically, I reckon that there may be marginally better rates around in 12 months time.

alfiesmum

I've decided to go for the 18 month fix at 3.16%, but still undecided as to whether I'll be adding next years allowance to the same frisa.

As someone's already mentioned, we've got a while into the tax year to decide on that bit!

alfiesmum xx

Funkyfreddy

steady__eddie wrote: »

Likewise, I've also had my letter and have been deliberating which one (if any) to go for. My calcs indicate that £132.87 will be paid on the 3% job and £201.85 (in total) on the 3.15% job. (Assuming that this years I.S.A. was opened on 07/04/08 with cash). I am also assuming that interest on the 3.15% offer is capitalised on 05/04/10, a point I cannot see mentioned in their blurb.
Overall, my gut feeling is to go for the one year because optimistically, I reckon that there may be marginally better rates around in 12 months time.

I too am thinking of the 3% transfer in the antcipation (hope more like !) that rates may be a little better then :rotfl:

For clarification any chance you could might expand on how you arrived at your figures above ?

Thanks in advance
RGds
FF

steady__eddie

They have written and told me that my interest for this year is £224.74.
For the 3% ISA in the 09/10 Tax Year, £3824.74 * 3% = £114.74
56 days from 06/04/10 to 31/05/10
For the 3% ISA in the 10/11 Tax Year, £3938.48 * 3% * (56/365) = £18.13
£18.13 + £114.74 = £132.87.

For the 3.15% ISA in the 09/10 Tax Year, £3824.74 * 3.15% = £120.48
239 days from 06/04/10 to 30/11/10
For the 3.15% ISA in the 10/11 Tax Year, £3945.22 * 3.15% * (239/365) = £81.37.
£81.37 + £120.48 = £201.85.

Funkyfreddy

steady__eddie wrote: »

They have written and told me that my interest for this year is £224.74.
For the 3% ISA in the 09/10 Tax Year, £3824.74 * 3% = £114.74
56 days from 06/04/10 to 31/05/10
For the 3% ISA in the 10/11 Tax Year, £3938.48 * 3% * (56/365) = £18.13
£18.13 + £114.74 = £132.87.

For the 3.15% ISA in the 09/10 Tax Year, £3824.74 * 3.15% = £120.48
239 days from 06/04/10 to 30/11/10
For the 3.15% ISA in the 10/11 Tax Year, £3945.22 * 3.15% * (239/365) = £81.37.
£81.37 + £120.48 = £201.85.

Thanks, I see now.