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ISA Transfer Lloyds TSB to A+L
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# 1
Financial_Savvy
Old 07-02-2006, 8:12 PM
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Default ISA Transfer Lloyds TSB to A+L

I am about to transfer all the family ISAs' from LLoyds TSB (9,000+ 4.65%, 3,000+ 4.40%, 1,000+ 3.65%)

to A+L Direct ISA Issue 2 at 5.20%

Are there any fees involved? Will LTSB charge to move out, and at a later date if there is another provider better than A+L, will they charge me to move out?

Also regarding Interest, assume that Lloyds TSB will add the interest on the balance when they transfer it over, but can I add 3k in the 05/06 year in addition to the Interest balance or does the interest balance contribute to the total 3K? Make sense?!

Thanks
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# 2
grumbler
Old 07-02-2006, 10:20 PM
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Quote:
Originally Posted by Financial_Savvy
...Will LTSB charge to move out
The ISA they offer now does not have transfer fee. Possibly some past issues do have this charge, also this is very unlikely. It is better to ask them directly.
Quote:
and at a later date if there is another provider better than A+L, will they charge me to move out?
No.
Quote:
Also regarding Interest, assume that Lloyds TSB will add the interest on the balance when they transfer it over, but can I add 3k in the 05/06 year in addition to the Interest balance or does the interest balance contribute to the total 3K?
You can add 3000 every year regardless of the interest.
We are born naked, wet and hungry...Then things get worse.

.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of
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# 3
melancholly
Old 07-02-2006, 10:53 PM
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Quote:
Originally Posted by Financial_Savvy
and at a later date if there is another provider better than A+L, will they charge me to move out?
I don't know if it's changed for issue 2 isas, but with my issue 1 isa i will have to pay 25 if i choose to move to a different provider....
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# 4
grumbler
Old 08-02-2006, 10:22 AM
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Quote:
Originally Posted by melancholly
I don't know if it's changed for issue 2 isas, but with my issue 1 isa i will have to pay 25 if i choose to move to a different provider....
They dropped this charge later with issue 1 too. Possibly (very likely) this also affects those who applied ealier. Ask them.
We are born naked, wet and hungry...Then things get worse.

.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of
.....guaranteed, NOT guarenteed
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# 5
melancholly
Old 08-02-2006, 11:40 PM
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Quote:
Originally Posted by grumbler
They dropped this charge later with issue 1 too. Possibly (very likely) this also affects those who applied ealier. Ask them.
Thanks - I will!
After posting here I went through my T&Cs and couldn't find any reference to it - it was, however, on an A4 sheet summarising the T&Cs that I signed when I openned the account. I will definitely go and find out (although I'm still happy with the rate and not planning on changing in the immediate future!)
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# 6
isasmurf
Old 09-02-2006, 12:03 AM
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See the bottom of this press release

Quote:
The 25 ISA transfer fee has now been removed from all Alliance & Leicester ISA products.
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# 7
melancholly
Old 09-02-2006, 10:42 AM
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thank you very much!!
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# 8
batty
Old 12-02-2006, 4:32 PM
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since when was a+l isa fee removed , itook one out 3 days ago and it was still on then if you transfer out when i saw it on the notes i cancelled.
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# 9
grumbler
Old 12-02-2006, 4:48 PM
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Quote:
Originally Posted by batty
since when was a+l isa fee removed , itook one out 3 days ago and it was still on then if you transfer out when i saw it on the notes i cancelled.
Since summer. See A&L drop transfer charge and press release above. Direct ISA Issue 2 never had this fee.
If you have some contradicting information it is better to qoute it ...
We are born naked, wet and hungry...Then things get worse.

.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of
.....guaranteed, NOT guarenteed
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# 10
muddyfox470
Old 12-02-2006, 9:51 PM
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be careful though, the 5.2% isn't going to last forever. for instance their latest online saver has a 6month bonus

ian
Student Moneysaving Expert
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# 11
NottsCountyRule
Old 25-02-2006, 11:44 AM
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I am thinking of transferring my isa from Leeds & Holbeck into either A&L Ias 5.20% or Bradford & Bingley 5%. If I open with A&L their bonus runs out end of March 2007, however interest is paid on December 31st. If I were to transfer my ias from A&L in April 2007 to another ISA will they transer the earned interest as well? If so it's worth me going for instead of the B&B one.
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# 12
grumbler
Old 25-02-2006, 5:25 PM
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Quote:
Originally Posted by NottsCountyRule
...If I were to transfer my ias from A&L in April 2007 to another ISA will they transer the earned interest as well?
Yes.
Quote:
If so it's worth me going for instead of the B&B one.
See: is it worth transferring???
We are born naked, wet and hungry...Then things get worse.

.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of
.....guaranteed, NOT guarenteed
grumbler is offline
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# 13
NottsCountyRule
Old 25-02-2006, 7:18 PM
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Great stuff

Unfortunately my pop up blocker dosen't enable me top see your link Grumbler.

So just to clarify A&L will pay all interest earned up to and including April 30th 2007 when I transfer to a different ISA provider?

If so I think that settles it for me.
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# 14
YorkshireBoy
Old 25-02-2006, 7:28 PM
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Quote:
Originally Posted by NottsCountyRule
Unfortunately my pop up blocker dosen't enable me top see your link Grumbler.
Right click the link, 'copy shortcut', and paste it into your browser's address window.
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# 15
NottsCountyRule
Old 25-02-2006, 7:31 PM
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Cool, read it thanks.

Think I'm gonna go with A%L 5.20% for a year then transfer it to B& if it's still paying 5%.
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