did anyone else open the A&L 8.1%ISA last year?

wishiwasarichgirl

I've been searching for the best ISA to put my money in this year, but only just decided to check my current interest rates. :rolleyes:

I knew the 8.1% offer was only for 1 year so I assumed it would have dropped to an uncompetitive rate now, but checking the A&L site it says the interest rate is now 7.85%, so I am thinking that I should just bung my money in there again.

Does anyone else who opened this account know if this rate is fixed/variable/likely to drop soon as I didn't keep any of the t&c's and can't find them online?

renegada

A&L offered me a Premier ISA of 10% if I have a Premier Direct or Premier Current Account.

I've been wondering whether this is too good to be true/I'm missing something important?

wishiwasarichgirl

I think that offer is only available if you also invest in their stocks & shares ISA

debbie42

wishiwasarichgirl wrote: »

I've been searching for the best ISA to put my money in this year, but only just decided to check my current interest rates. :rolleyes:

I knew the 8.1% offer was only for 1 year so I assumed it would have dropped to an uncompetitive rate now, but checking the A&L site it says the interest rate is now 7.85%, so I am thinking that I should just bung my money in there again.

Does anyone else who opened this account know if this rate is fixed/variable/likely to drop soon as I didn't keep any of the t&c's and can't find them online?

That's what my OH has done. They have to warn of interest changes, so he figured if they do then he'll move it out. Otherwise it's a very nice perk to the account.

It was an introductory offer, ISTR, so I'll maybe look up the paperwork (in my role as his p.a. ).

wishiwasarichgirl

thanks Debbie, I think I'll do that too, and just transfer out if the rate drops too much

debbie42

I've managed to find the original paperwork, and it says:

...guaranteed to be at least 1% above BoE base rate until 30 April 2008.
Thereafter it reverts to a variable rate of 0.25% below the BoE rate.

Bother, only another couple of weeks at the good rate then. May have to have another look around.

wishiwasarichgirl

aww, I better start looking again then

debbie42

Anyway, thanks for prompting me to look. I would have maybe overlooked it otherwise.