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Do I close my isa account early or savings bond ???

I opened up a ISA in June 2 years fixed and I also opened a savings bond for 1 year of £15000 ,
I need some cash now which one am I more likely to be charged for closing it .
Any ideas
Thank you

Comments

  • First thing to do is check whether you can access the money early : many fixed-term accounts allow no early access at all. I get the impression that fixed-term ISAs tend to allow early closure (with a penalty) but I don't know if that's always the case.

    You'd have to check the T&C for the specific rules for each account (or post the details here and maybe someone will know / look it up for you).
  • dtsazza
    dtsazza Posts: 6,295 Forumite
    I need some cash now which one am I more likely to be charged for closing it .
    The question isn't really which one is more likely - each account will either charge you or not, there's no probability involved.

    It's simply a matter of looking at the T&Cs of the accounts if you still have the documents (or can find them online), or asking an assistant at the bank if not.

    We are really not the people to direct this question to (especially without naming the accounts)!
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    edited 21 September 2012 at 6:49PM
    Could a 0% credit card get you through to the maturity of the 1 year account? Or a short term overdraft?
    I opened up a ISA in June 2 years fixed and I also opened a savings bond for 1 year of £15000.

    I need some cash now which one am I more likely to be charged for closing it .
    Any ideas
    Thank you
    No. I'm clueless.

    I don't know when your one year account was opened.

    I don't know the balance of the ISA.

    I don't know the rates on either account.

    I don't know the penalty clauses on either account.

    I don't know if partial withdrawals are allowed or complete closure is needed.

    I don't even know who offers either account so that I can research it on the provider's web site (although you could and really should research it yourself or make a phone call).

    Do you really think it's possible to get an answer from the information given so far?

    You might as well have posted the word "pericombobulation" and nothing else. You'd have had a more sane response.
  • badger09
    badger09 Posts: 11,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    opinions4u wrote: »
    Could a 0% credit card get you through to the maturity of the 1 year account? Or a short term overdraft?

    No. I'm clueless.

    I don't know when your one year account was opened.

    I don't know the balance of the ISA.

    I don't know the rates on either account.

    I don't know the penalty clauses on either account.

    I don't know if partial withdrawals are allowed or complete closure is needed.

    I don't even know who offers either account so that I can research it on the provider's web site (although you could and really should research it yourself or make a phone call).

    You haven't even said how much effing cash you need.

    Do you really think it's possible to get an answer from the information given so far?

    You might as well have posted the word "pericombobulation" and nothing else. You'd have had a more sane response.

    A little harsh?

    Fair comment re paucity :p of information though
  • evenasus
    evenasus Posts: 11,864 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    badger09 wrote: »
    A little harsh?


    The highlighted sentence was very rude and totally uncalled for.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    evenasus wrote: »
    The highlighted sentence was very rude and totally uncalled for.
    Fair enough. Removed it.
This discussion has been closed.
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