From: "Marcus Fox" 
Newsgroups: uk.finance
Subject: Re: Alliance and Leicester ISA
Date: Wed, 20 Jul 2005 00:21:20 GMT


 wrote in message
news:dbj4o5$gfm$1@nwrdmz03.dmz.ncs.ea.ibs-infra.bt.com...
> > They've dropped the interest rate for new customers but they've dropped
> > the
> > £25 transfer out charge, even if you already have an ISA with them.
> >
> > Marcus
>
> Hi Marcus - where did you read that they have dropped the £25 transfer out
> charge for existing ISA holders?
>
> I've looked at the A&L website and I can't find any reference to it yet, I
> just want to check it out. Am I right in understanding that the interest
> rate for Issue 1 is still 5.40%?

It was actually in-branch - they had a leaflet with small print on the wall
detailing their interest rates, changed July 12th, it said the Direct ISA
rate for old customers was 5.4%, new was 4.75% and also said something along
the lines of "We no longer charge for transferring an ISA to another
provider".

Looking at their website...

http://www.alliance-leicester.co.uk/directisauserguide/index.asp?page=page2 -
current and closed rates.

http://www.alliance-leicester.co.uk/directisauserguide/index.asp?page=page5 -
no mention of transfer out fee now.

http://www.alliance-leicester.co.uk/savings/isa-tscs.pdf -transfer out fee
no longer in their T&C.

Marcus