Abbey Super ISA 5.5% (variable) - HotUKDeals
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Abbey Super ISA 5.5% (variable)

£0.00 @ Santander
As title. More info can be found on the website.… Read More
dmaster2000 Avatar
8y, 3m agoFound 8 years, 3 months ago

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if voting cold give reasons why..
from their site;

This cash ISA rewards you with an excellent rate of 5.50% AER tax free (variable) for 12 months when you invest the same amount or more in one of our qualifying investment products.

When you look at the qualifying investment products, it doesn't sound so good, sorry.
Get a 5.50% AER tax free (variable) Super Direct ISA when you put the same amount or more into the qualifying investment
> if voting cold give reasons why..

Requires you to invest the same amount you pay into the ISA in one of Abbey's investment products. These seem to need a 3.75yr or longer commitment whereas the ISA could suddenly become poor value at any time as it's a variable rate and includes a 1yr bonus.

If you're going for one of those investments anyway then fair enough, otherwise it looks like a poor and restrictive tie-in to me.

this account seems slghtly odd...

you need to put X amount into a qualifying investment account
then you need to put the same amount into this ISA to get a 5.5% rate?

5.5% is a high rate in todays market, but depending on the other account the average interest earned might actually be quite low...
I was just wondering how good this was since my friend told me about this ISA, saying he got it....didnt mention to me he had to take out another 3.75 year or longer investment product! Thanks for feedback!
i will give you 100 percent return on your monies if you forward me your bank account no and sort code
i will give you 100 percent return on your monies if you forward me your bank account no and sort code

Last edited by cripps555 : Today at 00:54.

Sounds like a good idea to me...signed Fred the Shred RBS

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