What's wrong with the Alliance & Leicester Direct ISA?

mr_fishbulb

derrick wrote:

There is also the NS&I ISA that is guaranteeing to be .55% above BoE rate for 2 years, which at the moment is 5.05%

That's the Direct ISA and doesn't allow you to transfer from another ISA.

Their Cash mini ISA which does allow transfers is only 4.2%

derrick

mr_fishbulb wrote:

Yes, but then have no option to save any more tax free this year

Yes you do, a transfer does NOT count towards your yearly allowances, therefore you would still have your £3000 allowance for tax year 2006-2007

derrick

mr_fishbulb wrote:

That's the Direct ISA and doesn't allow you to transfer from another ISA.

Their Cash mini ISA which does allow transfers is only 4.2%

If you transfer to the Halifax FIXED, you can then open a new direct ISA with the NS&I for this tax year, this coupled with a transfer into Halifax fixed gives you your fixed Halifax fir 1-4 years (your choice) and your £3000 into NS&I at .55% above base rate gtd for 2 years, and the base rate has been kept on hold this month.