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What to do with £55k matured isa
moneymartyn
Posts: 1 Newbie
My fathers 2 year fixed rate isa matured in April with a value of £51k + another policy that matured in January with a value of £4.5k
His building society can only offer a 3 year fixed rate isa at 1.75%, not sure he wants to fix it for 3 years. He is a tax payer, so has anybody know of any better offers please
His building society can only offer a 3 year fixed rate isa at 1.75%, not sure he wants to fix it for 3 years. He is a tax payer, so has anybody know of any better offers please
0
Comments
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He might consider opening an account with First Direct which gives him access to the 2% instant access ISA.0
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It's banned under the ISA rules for them to not offer him a way out before the three years are up. There's probably an interest loss penalty of some sort for doing it.0
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