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First time ISA buyer
CAL1_3
Posts: 1 Newbie
I bought my first cash ISA in March with A+L as recommended on this site. I understand that this will have 5.2% rate of interest if I leave it until April 2007. If I invest my £3000 06/07 allowance in the same account will I get the original 5.2% or the new lower rate? Sorry if this is a really stupid question!
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Comments
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Not quite. Your rate is made up of an underlying variable rate of 4.5% and a bonus of 0.7%. Only the bonus is guaranteed until next April - the variable rate is, well...variable.CAL1 wrote:I bought my first cash ISA in March with A+L as recommended on this site. I understand that this will have 5.2% rate of interest if I leave it until April 2007.
Your money will earn 5.2% - until A&L change the variable rate.If I invest my £3000 06/07 allowance in the same account will I get the original 5.2% or the new lower rate?0
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