Fixed Rate ISA Top_Up Problem
Published / Last Updated on 28/09/2009
Fixed Rate ISA Top-Up Problem
It has been reported that people over the age of 50 are experiencing difficulties when approaching their bank or building about topping up their ISAs, when new ISA rules start on 6th October.
Cash ISA limits increase from £3,600 to £5,100 and many people have fixed rate accounts, which presents difficulties for providers with systems that have locked clients into fixed rate ISAs, who then want to top up half way through the year.
We suggest banks and building societies will get it resolved and people with invest in sub-accounts alongside those ISAs.
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