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Skipton Online (6-month) Bonus Cash ISA trick?
alypen
Posts: 32 Forumite
I originally turned my nose up at Skipton's Online Bonus Cash ISA because it was paying a bonus (0.5% on top of a basic 0.45%) for just 6 months and I thought it was too much hassle to move my money for that short a time. But I've just realised that if I take one out now and move quite a lot of the money from my low-paying flexible ISAs (I'm looking at you, Nationwide, in particular) into it I'll get a much better rate, then the bonus will come off next March, giving me just enough time to move the money back into the original accounts before the end of the tax if I choose to. Am I missing something? Have I miscalculated, or is this actually a good deal in the current conditions?
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