Updating of a fixed capital

16-Sep-2017 14:43

You can use the Holding Account for: Consolidating funds You can only fund some products with a single deposit within the AA ISA (such as fixed rate products).

updating of a fixed capital-22updating of a fixed capital-25

Your savings will be placed here when products are closed, such as at the end of the term of a fixed rate product.

Early closure does not include closure within the first 14 days of opening a fixed rate product in your ISA.

A breakage charge is not applied if you close your product within 14 days of opening.

There's a risk that the product, or rate of interest you want, will no longer be available by the time funds are received if you are consolidating them in the Holding Account.

Standard services – no charge (as described in the terms and conditions in the Key Information Pack).

Your savings will be placed here when products are closed, such as at the end of the term of a fixed rate product.

Early closure does not include closure within the first 14 days of opening a fixed rate product in your ISA.

A breakage charge is not applied if you close your product within 14 days of opening.

There's a risk that the product, or rate of interest you want, will no longer be available by the time funds are received if you are consolidating them in the Holding Account.

Standard services – no charge (as described in the terms and conditions in the Key Information Pack).

This then gives you a single, larger sum to use as a single deposit.