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A&L Flexible ISA
LeifGR
Posts: 188 Forumite
I've got an A&L Flexible ISA that I opened in March while it was still on offer at BoE base rate +3%. I used last year's ISA allowance to the full and now I'd like to start making use of this year's.
Stupid question, perhaps, but will my "new" deposit also generate 3.5% interest?
Stupid question, perhaps, but will my "new" deposit also generate 3.5% interest?
0
Comments
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I think the answer is yes. The wording on my paperwork says pays 3% above b of E base rate for 12 months. You can't transfer in, however I see no reason why you cant add new money (i.e. 2010/11's allowance of up to £5,100). PS reverts to variable rate (poor currently 0.5%), after 12 month period - so be ready to change after 12 months."Every Pounds A Prisoner "
"Loyalty to the Best Interest Rate"
:beer:0 -
Yes, you can add this year's allowance, but the bonus interest rate is only for 12 months from your data of opening, so all your money will move to the normal (lower) rate in March 2011.0
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