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  • freckle
    • #2
    • 22nd Mar 10, 9:55 PM
    • #2
    • 22nd Mar 10, 9:55 PM
    I'm not sure what you mean by 'last capitalised'. I got about £1100 in interest on 31 March 2009.

    Can I assume that there is more to come on 31 March 2010?
    • cosyc
    • By cosyc 22nd Mar 10, 10:01 PM
    • 335 Posts
    • 137 Thanks
    cosyc
    • #3
    • 22nd Mar 10, 10:01 PM
    • #3
    • 22nd Mar 10, 10:01 PM
    Not necessarily, I have just got my isa statement from Santander and they changed their int rate may 09 to 0.5%. I can't remeber being notified else I would have swapped so you may be in the same boat!!!
  • Baldur
    • #4
    • 23rd Mar 10, 5:37 AM
    • #4
    • 23rd Mar 10, 5:37 AM
    When a Cash ISA is closed on transfer to a new provider, the full balance, including any interest earned up to the date of transfer, is remitted to the new provider, regardless of when interest is normally paid.

    If you believe, after checking the rate, that RBS have miscalculated the interest paid, you need to contact them as a priority. NR certainly won't pay any interest that may be due from RBS due to any miscalculation.
    Last edited by Baldur; 23-03-2010 at 5:40 AM.
    • glider3560
    • By glider3560 23rd Mar 10, 7:48 AM
    • 2,870 Posts
    • 1,660 Thanks
    glider3560
    • #5
    • 23rd Mar 10, 7:48 AM
    • #5
    • 23rd Mar 10, 7:48 AM
    £35.84 is absolutely correct.

    At your current rate of 0.1%, you would get £40.00 per year. As it is just under a year, £35 is about correct.

  • focae
    • #6
    • 23rd Mar 10, 11:06 AM
    • #6
    • 23rd Mar 10, 11:06 AM
    The interest rates are abysmal!
    Originally posted by freckle
    You said it!
    • Mickygg
    • By Mickygg 23rd Mar 10, 12:24 PM
    • 1,004 Posts
    • 616 Thanks
    Mickygg
    • #7
    • 23rd Mar 10, 12:24 PM
    • #7
    • 23rd Mar 10, 12:24 PM
    I have had an ISA with RBS since 2000. The interest rates are abysmal, so I have transferred it to Northern Rock's 3.5% Fixed Rate ISA.

    I have received my closing statement from RBS and on a balance of nearly £40,000 I have received £35.84. Surely this can't be right? I take it I will get more end of year interest either from RBS or from Northern Rock.

    Can anyone ease my anxiety about this!
    Originally posted by freckle
    I bet you feel a bit sick don't you? I did when I left my ISA last year - I for some reason saw the bank base rates tumble and did nothing about the ISA. When I got round to transfering and checking I was getting 0.5% for months. Lost out on hundreds in interest. .

    It happens. My way of looking at it is I wont let it happen again. It annoyed me but I just think at least I have corrected it now.
    • cyclonebri1
    • By cyclonebri1 23rd Mar 10, 3:30 PM
    • 11,839 Posts
    • 4,855 Thanks
    cyclonebri1
    • #8
    • 23rd Mar 10, 3:30 PM
    • #8
    • 23rd Mar 10, 3:30 PM
    Not necessarily, I have just got my isa statement from Santander and they changed their int rate may 09 to 0.5%. I can't remeber being notified else I would have swapped so you may be in the same boat!!!
    Originally posted by cosyc


    There ain't a snowballs chance in hell that they would notify you.

    The whole ISA issue stinks, and it is about time the government stepped in, they set it up and the banks abuse it, then they do nothing.

    Nothing strange there then
    broken hand, so even worse typing than usual. Now better, still can't play piano tho'

    Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.

    Always expect the unexpectedand then you won't be dissapointed
  • rb10
    • #9
    • 23rd Mar 10, 10:27 PM
    • #9
    • 23rd Mar 10, 10:27 PM
    The whole ISA issue stinks, and it is about time the government stepped in, they set it up and the banks abuse it, then they do nothing.
    Originally posted by cyclonebri1
    This is not unique to ISAs - most high interest accounts will drop to a low rate after the promotional period has run out.
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