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confusion about Cambridge BS fixed rate ISA reserve accounts
hpsauce_2
Posts: 69 Forumite
I have a ISA about to come out of its good interest rate so started to have a look around for a new one.
I had a look on moneysupermarket and it came up with two Cambridge BS Fixed rate bonds - ISA reserve account 1 at 6.16% and reserve account 2 at 5.11% but there aren't more details.
But there is no link to the banks webpage and when I go on their site I can't find either account.
Anyone have either of these accounts or any idea why they aren't coming up
I had a look on moneysupermarket and it came up with two Cambridge BS Fixed rate bonds - ISA reserve account 1 at 6.16% and reserve account 2 at 5.11% but there aren't more details.
But there is no link to the banks webpage and when I go on their site I can't find either account.
Anyone have either of these accounts or any idea why they aren't coming up
Mortgage highest Aug 2007 £200,000
Mortage now Oct 2014 £143,015
Offset savings Oct 2014 £51,799
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Comments
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"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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My understanding is that the Cambridge BS ISA Reserve accounts are not ISAs. They are accounts to stash cash ready to invest into an ISA at the start of the new tax year. If so, then any cash from a maturing ISA placed in one of these accounts will be have its interest taxed, will lose its ISA status and when transferred into an ISA will use next year's ISA allowance.
http://www.cambridgebs.co.uk/__assets/asset919.pdf0
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