From: Alex 
Newsgroups: uk.finance
Subject: Re: Halifax 7%
Date: 27 Oct 2004 11:34:18 GMT

Without a hint of irony, GSV Three Minds in a Can  
astounded uk.finance on 26 Oct 2004 by announcing:

> Bitstring , from the wonderful 
> person Tim  said
>>"GSV Three Minds in a Can" wrote
>>> No, but given the upper limit is £250/month, for a
>>> 1 year duration, it would appear to be hardly worth
>>> the hassle for most of the denizens of this NG.
>>
>>On that logic, do we all not bother getting cash ISA's as well? - because
>>their limit is also £3000pa ...
> 
> With ISAs
> a) you can accumulate them over many years
> b) they have tax advantages
> 
> All the Halifax is offering you is 1.x% more than you can get elsewhere, 
> for one year probably.

For one year definitely.  And you have to make regular payments of up to a 
maximum amount; you can't pay the lump sum in at the start.