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Scarborough BS's Notice Cash ISA 6.3%

pjbltd · 2008-05-04 13:03:12

Hi I wanted to find out if anyone has had any experiences with Scarborough BS's Notice Cash ISA: http://www.scarboroughbs.co.uk/savingsandinvestments/products/notice_isa.html I am looking to transfer my NS&I direct ISA to one offering a higher rate, I do not need access to the money and want to keep it as a Cash ISA,…

Comments

bristolleedsfan Posts: 12,953 Forumite

10 June 2008 at 3:04PM

BenL wrote: »

its only been open 14 days ish so my loss will be minimal but annoying none the less.

If u transfer out, your loss will still be 30 days loss of interest, if u havent earnt 30 days interest then it would be normal for the rest of the interest penalty to be taken from the capital.

By the time the ISA gets transferred out u will have earnt more than 30 days interest.

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