We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Santander closes best buy cash ISA early
Former_MSE_Dan
Posts: 1,593 Forumite
This is the discussion thread for the following MSE News Story:
Former MSE team member
0
Comments
-
This seems a bit bizarre. In effect it was for 'new' 2009/10 money - thus ruling out the 'real' new money in April. Perhaps they are intending to relaunch but at at lower rate for the new tax year?.....under construction.... COVID is a [discontinued] scam0
-
There are a couple of other threads floating round regarding this. Some people contacting the call centres have been told that the rate will be changing to BOE + 2.7% (down from + 3%).0
-
Oh noes
I must admit, I'm quite disappointed.Target Cash Net Worth: £25K by January 2012
Progress May-08 19.0%; May-09 40.0%; May-10 63.0%; May-11 58.4%; Jun-11 58.5%; Jul-11 58.9%; Aug-11 58.7%; Sep-11 59.0%
0 -
0800 587 2764
If you still want it then try ringing the above (the number I used yesterday). Open until 9pm. I had to queue for about 15 mins and it was quick to open - ensure you ask for Flexible ISA at 3.5% for whatever tax year you want (now or next)
Sounds wierd but my sister did same about 2 hours after me and was told 'no'. She rang back - got through to a different call centre and was told 'yes' - so if at first you don't succeed. The 'yes' for me and my sister came from a scottish call centre
0 -
Seems sensible to me. After the debacle at Barclays for two years running (when people didn't get their accounts opened for weeks/months) it seems that Santander have taken the more sensible route and acknowledged the limits of their resources.I've got a plan so cunning you could put a tail on it and call it a weasel.0
-
Just opened one on the phone - only a few minutes to get through.
Already a customer so no problem with security/identity checks.
Must say it was much easier than making an appointment in branch.
As a non taxpayer this will be the first time in recent years that an ISA is paying more than best instant access.0 -
Are we saying that I will not be able to add to the one I have just opened in the new tax year?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
From the Santander website -
"- If you use your Flexible ISA for your 2009/2010 Cash ISA allowance you can use the same account for your 2010/2011 Cash ISA allowance"0 -
curlygirl1971 wrote: »From the Santander website -
"- If you use your Flexible ISA for your 2009/2010 Cash ISA allowance you can use the same account for your 2010/2011 Cash ISA allowance"
But with a reduced rate of interest, right?0 -
Well I can't say for certain obviously, but I would presume that if the account was opened whilst the rate offered was BOE + 3.00% then if additional funds are deposited into that same account, it would be at that rate rather than the new rate they are going to be offering on new accounts?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards