A&L Direct ISA issue 2 closing 11/4/06

sry

I just went to open an Alliance & Leicester ISA, website says Issue 2 with 0.7% bonus will close on Tuesday 11th April.

masonic

Just scoured the A+L website and can't find any mention of it closing. Any chance you could point me in the right direction?

kathfisch

I can't find that mentioned on the website anywhere. I was thinking of opening an account so will have to hurry if this is true!

sry

http://www.alliance-leicester-group.co.uk/html/media/non-indexed/release.asp?txtTable=pressreleases&txtCode=PR0604061

Sorry took me a while to find the link again.

Its a media press release.
States at bottom of page that from 12th April rate will revert to 4.5% to new customers.

in_my_wellies

I just opened a Halifax ISA at 5% fixed for one year at a branch in my village. Their un-fixed rate was only 3.5% I think but I get the chance to fix again next year.

Fell out with A&L so I wont use them - EVER!

OldNelly

I opened an A&L direct ISA Issue 2 a couple of weeks ago for my 50/06 allowance.

If I have read this right, I can still put my 06/07 allowance in the same ISA and still get the bonus on this part, even if the money goes in after Tuesday 11th of April.

Have I read this right?

I hope so because I don't have the funds available for about 10 days.

Please can someone confirm that I am right in assuming that I put the 06/07 allowance in the same ISA and I dont need to open a new one for this year

ScoobyZ

I just read this. I have read that this is for "brand new customers only" ie opening after the 12th.

david78

Yes, no new applications from 12th.

Existing customers of Issue 2 can continue to pay in.

NottsCountyRule

I applied for a direct isa issue 2 on the 4th April and got a reply on the 7th at 17.41 to tell me my application has been succesful.

The account hasn't yet been added to my current account (which is with Alliance & Leicester as well) yet, so I can't pay into it yet.

As my application has been opened but no money yet paid into it, do I still get the bonus?

meanmachine_2

I should think that any account opened before the 12th will carry the bonus - otherwise A&L would be breaking the original terms.

anyone applying AFTER the 12th won't get the bonus - at least that's what I'm hoping too.

Basically, if you've got your ISA account number already, you'll be OK.

By the way, extremely p*ssed off already with their transfer speed - or lack of. 10 days to move money from one account to the next! Pa-thetic!!!!

NottsCountyRule

I have got my ISA account number so I think I'll be o.k, albeit by the skin of me teeth!!!!!

I presume I still get the bonus on the money I'm transferring into it from my other ISA as well as my intitial £,3000?