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Nude LISA 95 days notice?
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Daniel_John_Hurley
Posts: 26 Forumite

I thought ISA providers had to give immediate access to your money if it was needed, hence why fixed rate ISAs can be closed early for a fee but fixed rate savings account can't.
Are the rules different for LISAs?
If not how do Nude get round this?
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Comments
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No, there are indeed some differences for LISAs, but not that fundamental principle of access, so doubt that Nude's term is valid....1
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Thanks
I knew certain other rules for a Lisa were different obviously such as deposit limit, withdrawal penalties etc but I'd have been surprised if they didn't need to allow instant access. I'd have thought for a first home ISA it would be more necessary than for other types!!!0 -
Oddly they exclude 'Permitted Withdrawals' from the notice period (permitted withdrawals are those that would not incur a 25% penalty)eskbanker said:No, there are indeed some differences for LISAs, but not that fundamental principle of access, so doubt that Nude's term is valid....However...Clear as mud!0
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Anyone tried to transfer out of Nude? Was a 95-day notice applied? TIA0
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Currently attempting to transfer out to Beehive who have same 3% rate but no £2 monhtly fee... wish me luck!
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Anyone's interest been delayed lately?
My usual interest payment date is either 10th or 12th so far, but this month it's not shown up yet despite crossing mid-day on 13th...0 -
Found the answer on their FAQs, it’s working day 8 which this month is 14th1
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I'm not sure... things are progressing... watch this space!
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