ISA transfer A&L to NROCK

MarkyMarkD

Cannon_Fodder wrote:

MarkyMarkD - that's why I said in my first post :-

...

The OP, having a 0.5% bonus, may decide that the bonus will put her ahead of, or at worst level with, possible rates increases, at least for the 1 year deal.

Apologies, and thanks for pointing it out. Didn't read your reply properly the first time.

Indispensable_Hobbes

masonic wrote:

Well, assuming the transfer results in 5 days lost interest, it would take less than two months to break even with a rate difference of 0.55%. From that point onwards you would be better off than if you stayed with A&L, even if you find you need to switch again at some point in the future (which you would have to do anyway with A&L when their bonus ends).

hmm interesting. it cant do any harm basically unless i withdraw before it matures (dec 07 i think) then i just gota give 30days notice and transfer somewhere else if the rate isnt competative