Anybody had a letter from their current cash ISA provider guaranteeing a specific percentage rate above the BoE rate - my current provider (M&S) is reducing their guarantee from 0.50% above base rate to 0.25% above base, which means, come 6th April, they will probaly decrease the current rate they are paying (5.25%) to 5%.
ISA interest rate guarantee
Mar 13, 2005
4 Replies
In message , Layezee writes
Err, I thought they were 'Guarantee' ing + .5%. Are they reneging on their guarantee?
Nope - the guarantee only applied for a limited period i.e. until 05 April 2005 (it was never an unlimited guarantee) - they are now stating what they will guarantee until 05 April 2006.
RM
formatting link
- look up ISAs.
In message , Reestit Mutton writes
Phew!
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