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Skipton LISA
lKS1992
Posts: 2 Newbie
I've been using Skipton for my lifetime ISA for several years and have a decent amount of money in there. However, the interest rate keeps reducing. Is it best to keep it in here at the new rate of 2% or move it to another?
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Comments
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Are you going to spend the money in the next few years on a qualifying property purchase or is this for age 60+?
Either way there will be better LISA options than suffering a 2% rate.
Are you still under 40 as being 40+ may limit your transfer options?0 -
Im still under 40 and plan on using it to buy a house over the next couple of years0
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In which case you can ask Moneybox to transfer your Cash LISA to get 4% (2.8% variable, and a fixed one-year extra 1.2% for new customers)lKS1992 said:Im still under 40 and plan on using it to buy a house over the next couple of years
https://www.moneysavingexpert.com/savings/lifetime-isas/#cashlisa
https://www.moneyboxapp.com/isa/lifetime/cash0
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