Transfer Cash ISAs Discussion Area

Pentaqua · 10 December 2008 at 3:10PM

So who is the best provider of cash ISAs at the moment? Currently, ours is with Halifax and 'cos we live abroad, we can only transfer to another ISA - not even into another savings account, except to our Nationwide account.

Baldur · 10 December 2008 at 3:19PM

Pentaqua wrote: »

So who is the best provider of cash ISAs at the moment? Currently, ours is with Halifax and 'cos we live abroad, we can only transfer to another ISA - not even into another savings account, except to our Nationwide account.

Check out the various comparison sites, e.g.

http://www.moneyfacts.co.uk/money/savings/3/cash-isas.aspx

http://www.moneysupermarket.com/savings/ (select Cash ISAs)

http://www.fsa.gov.uk/tables/bespoke/SavingsAccount (Select 'Tax Free' in option 3)

wolds_lady · 11 December 2008 at 5:23PM

:mad: Just checked out what the A&L's current interest rate is for Direct Isa Issue 4....... just 3.55%

So thanks to Baldur i went to the links he suggested and seem Scottish Widows is offering 4.6%:j

Is it usual for the banks to inform you when rates go up or down, cos i aint a thing *-(

Time to check your rates guys n dolls

Baldur · 11 December 2008 at 5:31PM

wolds_lady wrote: »

Is it usual for the banks to inform you when rates go up or down, cos i aint a thing *-(

Most just operate within the limited scope of chapter 4 of the Banking Code.

Deru · 12 December 2008 at 6:00AM

Hi all,

Which would you guys go for?

Abbey Direct ISA

Or Scottish Widows?

Was with Icesave. I've got my Icesave money back (awaiting certificate). I hear SW accepts the money before the certificate but I've not seen anyone mention of the Abbey deal in forums. Both variable ones with bonus. Abbey, to me, seems slightly better.

Has anyone manged to transfer Icesave to Abbey? Would you recommend that one or the SW or any other ISA?

I'm trying not to go with Fixed Rate, hence those choices. Thanks.

ragingbass · 12 December 2008 at 7:47AM

Abbey's Direct ISA is currently at 4.00% if you include the 1.5% 12 month bonus, but this rate hasn't changed since the last BOE drop. I can't remember if Abbey said they were going to pass on the full 1% drop to lenders, but I have a feeling they weren't. If so, then they may not drop their savings by the full 1% too. Don't be too surprised though if it drops to 3% in the next month.

Apoorwoman · 12 December 2008 at 1:25PM

Have just sent off my cheque and certificate to Kent Reliance Building Society. They rang me yesterday confirming I could open their fixed rate ISA at 4.5% and to just put the cheque, form and certificate in the post.

They were very helpful, so hopefully this will be the end of moving money around. Having had my Kaupthing Edge money in the ether for over a month have got a bit tired of all the stress.

So to you all :xmassign:

luv_my_brass · 12 December 2008 at 4:42PM

Received my ISA certificate from Icesave today, so now anxious to start getting the interest rolling in (or maybe staggering very slowly) again. Any better deals than the Kent Reliance BS? Never heard of that one before - but then, there were people who, once upon a time, had never heard of Northern Rock! :rolleyes:

Deru · 12 December 2008 at 10:36PM

ragingbass wrote: »

Abbey's Direct ISA is currently at 4.00% if you include the 1.5% 12 month bonus, but this rate hasn't changed since the last BOE drop. I can't remember if Abbey said they were going to pass on the full 1% drop to lenders, but I have a feeling they weren't. If so, then they may not drop their savings by the full 1% too. Don't be too surprised though if it drops to 3% in the next month.

Thanks for the reply. Their website says 5.5% including the bonus. Is that not up to date?

Better to go with SW? Any other suggestions?

edit: funnily enough, my certificate came through today too. Right after I posted my question too! Yay!

ragingbass · 13 December 2008 at 4:09AM

Deru wrote: »

Thanks for the reply. Their website says 5.5% including the bonus. Is that not up to date?

Better to go with SW? Any other suggestions?

edit: funnily enough, my certificate came through today too. Right after I posted my question too! Yay!

Have you checked the website recently? The pages I'm looking at have it down as 4.00% and then reverting back to 2.50%, or 3.04% if >£9,000, after 13 months - http://www.abbey.com/csgs/Satellite?c=GSDetalleProducto&cid=1157695656129&idParent=1157695655413&pagename=Abbey%2FGSDetalleProducto%2FGS_DetProducto.

The rate was 5.50% a few weeks ago (think it may have changed on the first of this month?), and 6.00% a few weeks before that. Hence why I wouldn't be surprised if it came down again in a couple of weeks.

On the upside, with a 1.5% bonus for 13 months, at least you know it won't go below 1.5% if interest rates go down again

Transfer Cash ISAs Discussion Area

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