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Moving LISA providers
dipika15
Posts: 10 Forumite
Hi All,
I have a LISA that is changing its interest rate from 1.10% AER to 0.45% AER on 1st July. Should I consider switching LISA providers?
Many thanks
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Comments
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Who is your provider?0
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No reason not to (Edit - see caveat below posted by Masonic). The 12-month clock does not 'reset' if you switch providers so no real downside.0
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Are you planning to make a withdrawal for a house purchase in the near future? That would be a good reason not to consider transferring (since you could be stuck in transfer limbo when you need the money). I can't think of any other reasons not to transfer for a better rate.
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