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... a time when this place was called Bechuanaland, and Dinosaurs roamed the Earth - The Titfield Thunderbolt
Heisenberg might have stayed here
... a time when this place was called Bechuanaland, and Dinosaurs roamed the Earth
When moneysupermarket.com threw up Lloyds TSB as the best Cash ISA (with a one-year fixed rate of 6.5%), I was a bit surprised that you couldn't apply on-line. In fact, unless you are an existing customer, you have to apply in a branch. How quaint. Nevertheless, I dug out all the requisites - proof of ID, proof of address, old ISA statement for transfer, TOISA passbook (it transpires that you can transfer a Tessa-only ISA into the new Cash ISAs) and set off at lunch time. It took most of lunch time, though I wasted some time dithering between the two branches in town centre as neither seemed particularly customer-focused. (Having opened the account, I should be able to manage it online. Beyond checking that all the transfers go through smoothly, there isn't much to manage, and I suspect I will be moving on in a year's time.) Apparently that offer is being withdrawn on 12th April, so buy now if that's what you want.


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uitlander From: uitlander Date: April 8th, 2008 07:23 am (UTC) (Link)
I've had a look at it and I have to say its not for me as I will only open the 'no strings attached' Cash ISAs.

Whilst this does have a headline grabbing rate of 6.5% that is only available to people who wish to put £9K+ with them (so consolidating previous years' ISAs is the only way to achieve it). Anything below a £3K deposit receives the handsome rate of 0%, over £3k gets an uncompetitive 5%, over £6K yields the still uncompetitive 5.15%. Also to get these rates you have to make no withdrawals.

Now whilst I've never yet withdrawn money from an ISA, I prefer to have the flexibility to do so and I prefer the account to be simple with no 'introductory rates' or other slippery T&Cs so that the interest rate you see is the one you get.
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