Will closing A&L account affect ISA?

B.E.N

Hi,

I've currently have a rarely used A&L Current Account that I wish to close (worried about dormancy fees and Santander generally).

I have the 3.50% Santander ISA, which, at the time, required a Santander Current Account as part of the eligibility criteria.

If I close my A&L account - will it affect the Santander ISA?

B.E.N

(Shameless Bump)

Anyone have any ideas?

horsechestnut

If it was a condition that you have a Current Account to get the ISA then I would assume that you need to keep it until the end of the ISA period (usually a year.) Perhaps you could just put a few pounds in the Current Account every few months to keep it activated until an equally good offer comes along for another ISA.

System

It would have been a condition to open it, not to keep it running.
Your free to depart.

B.E.N wrote: »

Hi,

I've currently have a rarely used A&L Current Account that I wish to close (worried about dormancy fees and Santander generally).

I have the 3.50% Santander ISA, which, at the time, required a Santander Current Account as part of the eligibility criteria.

If I close my A&L account - will it affect the Santander ISA?