I think i have made a big mistake !!!!!

Mikeyorks

PBA wrote: »

The ISA rules do allow for this, as I've seen it done in the past.

Having posted some well intentioned, but duff, info yesterday ... I was certainly hoping the OP Bank would turn a blind eye and quietly re-instate the funds.

But if you've seen it done ... it's been covert - it's certainly not allowed (unless it is the Bank making the error... in which case it is allowed)

walks

Thank you all,

All week i have been trying to get them to take me back, They where very understanding and very nice on the phone but without any luck,

I have now put the bulk into the A/L where i will get 7% for twelve mths topped up my isa and left enough to put into isa in april.
hope i wont lose to much in interest, the moral of the story always double check what you are doing and dont be a stupid fool like me.

Thank you all again.

Pip
x

McSaver

7% works out at 5.6% after tax which is very good for an taxable fixed rate bond. Your only 0.5% off a market leading ISA so its not all that bad if you keep using the money in fixed rate bonds and remember to use your ISA allowence each year. I lost out on ISAs until this year when i fully understood how they actually work.