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First Direct to launch 6.25% mini cash ISA

Kazza242 · 2005-02-11 19:42:51

According to Money Mail (Wed 9th Feb 2005), First Direct will launch its internet-based cash mini E-Isa at 6.25% later this month. Although, this rate is only payable for 8 months. After that your money will earn the variable rate payable on its existing telephone accounts - which is currently an uncompetitive 4.5%. You…

Comments

isasmurf Posts: 1,998 Forumite

30 September 2005 at 7:42PM

Milarky wrote:

[BTW First Direct won't/can't because their ISA is 'Stakeholder' standard, at least: Instant access, no fee to move out rate at no lower than 1% below BOE]

First Direct's ISA is not a Stakeholder Standard ISA, as they do not guarantee that interest rates will be no less than 1% below the BoE Base Rate. Their other restrictions may also prevent it from being Stakeholder standard.

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