Skipton ISA Transfer

Al_Ross

I recently opened a 5 year fixed rate ISA with the Skipton.I also said on the application form that i wished to tranfer in an existing ISA from BM Savings giving my account number of it.
The new Skipton ISA for this current year was opened swiftly and a certificate was sent to me showing the amount and it would be at 3%.
About a week later the Skipton sent me another ISA tranfer form to complete,this was completed and posted straight back on Tuesday.

Now my concern here is that Skipton have now cut the 3% rate to 2.75%.
When the transferred ISA (roughly £30,000) goes in ,will interest be earned at 3 or 2.75% on this ?

Al_Ross

132 views but no replys then ?

Old_Slaphead

Probably ther easiest thing to do is ring them up and ask. On balance of probability I would think you'll get lower rate.

If they do offer the lower rate and you don't want to go ahead then ring BM and tell them not to action the transfer request when it comes through.

Al_Ross

Got the 3% on the transfer