| Alliance And Leicester Mini Cash ISA, beware of small print. [message #377697] |
Mo, 03 April 2006 20:14 |
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Anyone setting up an Alliance and Leicester ISA online should read the
small print, especially where you agree that you allow A+L to keep on
opening a mini cash ISA each year in your name until you request them
to stop
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| Re: Alliance And Leicester Mini Cash ISA, beware of small print. [message #377715 ] |
Di, 04 April 2006 01:35 |
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> Anyone setting up an Alliance and Leicester ISA online should read the
> small print, especially where you agree that you allow A+L to keep on
> opening a mini cash ISA each year in your name until you request them
> to stop
Seems fine to me, for as long as their rates remains the current best in the
market. And anybody taking out any financial product without reading all
the print (large or small) is a fool unto themselves. And remember what
they say about fools......
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| Re: Alliance And Leicester Mini Cash ISA, beware of small print. [message #377720 ] |
Di, 04 April 2006 04:31 |
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"Wodger" <gu47otu [at] hotmail.com> wrote in message
news:_iiYf.4684$ic1.3767 [at] newsfe5-win.ntli.net...
>> Anyone setting up an Alliance and Leicester ISA online should read the
>> small print, especially where you agree that you allow A+L to keep on
>> opening a mini cash ISA each year in your name until you request them
>> to stop
>
> Seems fine to me, for as long as their rates remains the current best in
> the market. And anybody taking out any financial product without reading
> all the print (large or small) is a fool unto themselves. And remember
> what they say about fools......
And I can't see what is wrong with A&L's small print. If it wasn't for the
auto opening of a new ISA each year you would not be able to put money into
your ISA account without going through all the hoops of opening an account
every year.
And (AFAIK) they don't open a new ISA account unless you put money in during
the tax year - so you can open an ISA with another bank without having to
tell A&L, but of course you must not then put money into the A&L account as
well.
In addition this rule only applies for one year, if you skip a year then no
new money can be automatically put into your ISA.
Mark BR
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