Skipton or the Bradford & Bingley Fixed Rate

nathanhill69

Currently want to put my full 2008/09 allowance in ether the Skipton or the Bradford & Bingley Fixed Rate Limited Issue Mini Cash Isa. However, the funds to finance this won't be available until the end of the month.

My two option are:

1. Invest minimum amount now so the account is open and then top up later. However, can only do this with the Skipton account and if they close the issue in the meantime won't be able to pay in any more money and will then have hassle of opening another ISA account to pay remaining allowance into.

2. Just hold fire, wait until I have the funds and then invest full amount in Bradford & Bingley account (preferable as the Fixed rate with B&B seems to apply for twelve months from the date of account being opened, rather than Skipton which is until 5 April 2009).

Guess my long winded question is.... considering these two issues were only released this week what is the likely hood they would be close the issue down within a week or two (bearing in mind that I suspect that BOE interest rate will go down on Thursday).

Cheers

macca64

As I understand it, you can contribute to the Skipton ISA even when it is closed to new business. There was a post on it recently, which might answer your question.

avantra

Spoke to to Skipton CS , they say that once the account is open and the minimum funds invested (£50) you can top it up (up to £3.6k) when ever you want, even if the offer is closed to new clients. Can deposit cash/chque in the branch or they accept bank transfers via Internet banking (Account details will be with account opening pack).