We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Clydesdale 40 day cash ISA
Hal17
Posts: 420 Forumite
Arrived home to an interesting letter from Clydesdale Bank regarding their 40 day cash ISA account. This is being closed and they are transferring all accounts to there instant access cash ISA. They were currently paying 1.25% and from the 6th March this drops to 0.50%.
Time to find a new home for my money.
Time to find a new home for my money.
0
Comments
-
same here! The only advantage I can see is that it will become a flexible ISA where your money can be withdrawn and replaced without losing its tax-free status.0
-
I have the Yorkshire versionand the same applies.
That's quite a big drop from the 1.75% available above £30k in November - when they dropped it to 1.25%.
There is more info on their website
http://www.ybonline.co.uk/personal/savings/tax-efficient-savings/
Seems you can have immediate access to your funds now without giving 40 days notice (i.e. no loss of interest) until it becomes instant access anyway on 6 March.0 -
Time to dump,,got my notice this morning,,,any suggestions? I am NOT taking this big hit..Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
-
Virgin Money's Defined Access E-ISA @ 0.95% seems to be the best, as pitiful as that rate might be.0
-
There are a few options - How long the deals will last?!?
Have a look under the banking and savings link at the top
Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
2017 Womble #35 £3463.27Sept NSDs 4/15:staradminCCCChl 9/12 months:DSept PPChl#002 Pts 71 0 -
Same here Yorkshire Bank 1.25% to .75%
Dont know what to do with £50000 now0 -
It depends what your goal is for your Isa:-)
Virgin 3 year fixed @ 1.25% 120 days loss of interest if moved............Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
2017 Womble #35 £3463.27Sept NSDs 4/15:staradminCCCChl 9/12 months:DSept PPChl#002 Pts 71 0 -
Humm. A great shame. I was just thinking of topping it up too
Better have a look at a list of ISA providers.0 -
As per my previous post you might want to look at other options, depends if you want maximum income or long term investmentSame here Yorkshire Bank 1.25% to .75%
Dont know what to do with £50000 nowDoes it need to be a cash ISA? If you have no immediate need for the money then at least part could be moved to a S&S ISARemember the saying: if it looks too good to be true it almost certainly is.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards