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Penrith Building Society - 'Easy Access' Cash ISA
Penrith Building Society (www.penrithbs.co.uk) is offering an 'easy access' Cash ISA at 2.75% but it can only be opened and managed by visiting a branch or by post. This seems very non-easy access to me. There is a printable online application form but it appears only to include payments in by cheque and not ISA transfers…
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Is it worth changing to higher rate ISA?
I currently have an ISA paying 1.64% but I’m looking at transferring it over to a 2.25% ISA - I’d see an increase of around £50 per month in interest if I did. My existing ISA has a notice period for withdrawals which I wouldn’t be sticking to so I’d lose around £130 in interest if I transferred. I’d lose about £130 by…
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Cash ISA into Fixed 1 year ISA
Hi all, Hope you can help, I'm a novice when it comes to all of this. I currently have a standard cash ISA (easy saver) with Lloyds with an extremely poor interest rate of 0.4% that has £32,000 in it which is my house deposit savings, I add to this each month with overtime money, I do have separate easy saving accounts…
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Martin's list of Top 1yr fixed cash ISAs
Checking The list over the last few days I notice that the top rate is 3.7%. I have an ISA with Gatehouse Bank and have been advised that their current offering is 3.8% Whilst I was satisfied to invest with the assurance of the FSCS Guarantee, I would be interested to understand just why this product which exceeds the…
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Cancel transferred fixed cash isa within 14 days
I opened VM 1 year 3.5% fixed cash isa. And now I want to cancel it within 14 days. Does anyone know what I have to do? Can I just transferred it out to new bank?
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Prufund Growth Fund In An Equity ISA ?
My wife has the Prufund Growth Fund (Series E) in her Prudential SIPP. Over the past few years this has more than kept pace with inflation, despite less than favourable market conditions. We both have significant equity ISA savings - currently in more volatile investments, and we are considering transferring a proportion…
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Money to invest, should we hang on for improved rates?
Hi, we have an elderly relative move in with us. She has sold her house and has money currently sat in normal accounts. we have been looking at 2 year fixed ISA's for her and the article of this site is very helpful, are rates going to carry on going up? Is it worth hanging on a couple of months? thanks in advance.
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Can I move out just 'old money' from Virgin Exclusive Flexi ISA opened this year?
With all the rate increases I've been moving money around and feel like I'm losing the plot a bit! In Sept 2022 I opened a Virgin Exclusive Flexi ISA and: - Paid in £10,000 as part of this year's ISA allowance (no ISA contributions elsewhere yet) - transferred in a maturing ISA worth £40,000 However I also recently…
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Views on interest rate movements in next 2 or 3 weeks?
We have decided to cash in our Premium Bonds after the next draw and put the cash into a combination of instant/short notice access savings accounts and 1 year fixed cash ISA's. I guess it's like asking what the next lottery numbers will be, but what are your thoughts on rate movements over the next few weeks? As an…
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Translation requested....
What does this mean please: " I confirm I'm aware the type of account I'm opening is a Share account that confirms membership rights. I declare any shares(s) acquired by me/us under this account will not be held as a bare trustee (or in Scotland as a simple trustee) for a body corporate or for persons which include a body…
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Virgin ISA help please .......
Finally had enough waiting, so want to 'switch' my existing 2 year fixed with Virgin into their new rate and take the penalty ..... Just tried to phone them to find out the quickest way to do this ....started at about 2:40 PM ....... and got a recorded message asking me to call back between 8 and 3PM....errr....?!?!? Has…
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Move HSBC ISA - Any Penalties
Hi, hoping for a quick answer rather than ring HSBC. I have a HSBC Loyalty Cash ISA (variable not fixed) which currently pays me a pathetic 0.7%. Now, lots of enticing cash ISA's with a better rate around at present, so my question is if I open a new cash ISA with different provider and move the lot over, will HSBC charge…
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Transferred Cash ISA to 2 Year Fixed Rate Virgin Money one but only getting 0.1% interest
Hi I recently transferred my Easy Access Cash ISA with Skipton BS to a 2 year fixed rate E-ISA with Virgin Money. I opened the account and then did a transfer in. My money has gone over now (it seemed to take a long time) but the interest rate on the E-ISA is only 0.1% (issue 517). Does anyone know why I'm only getting…
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Transferring Cash ISA in same tax year
Hello, think I'm being paranoid but just want to make sure I've not messed up...I googled the below How many cash ISA can you open in one year? one cash ISA You can have multiple ISAs, but you can open only one cash ISA in each tax year. So, if you have opened a cash ISA in this current tax year, you cannot open another…
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Options with two Cash ISA products (same provider but differing maturity)
I have two separate cash ISAs with one provider that mature on different dates (end of May and end of October). The first has already been rolled over between one-year products this year but no money has been added to either product this year. Given the rapidly rising interest rates, the one that rolled over in May is…
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Is this allowed? Transfer isa
I have a help to buy isa which I am just using as a saving account as I will be using LISA for buying a house. Can I transfer help to buy isa into a fixed isa??? Secondly I have a regular saving isa which I can only put in £500 per month @ 1.7% which is rather low for today interest rate. 1) am I allow to transfer this isa…
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Two cash ISA's in one year?
Is it ok to open two cash ISA's in the same 12 month period? One will be an internal transfer (one ISA to another better paying one) with same bank, with no added cash involved. The other is a different bank, where I intend to invest £19,000 of "new ISA" cash.
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Virgin fixed rate ISA transfer form?
I opened the isa online Sunday and answered the question about providing details for the transfer in of my ISA with Nationwide and the reference. I assumed that was enough for Virgin to start the transfer process. However one message in my online banking and an email state I have to send in a completed Transfer Authority…
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When is the best time to commit to a fixed rate?
Many, like me, are probably holding off fixing and have funds in an easy access account - ISA in this instance. Obviously, the gap between the two could be large. It'd be good if some of you could sense check below to see if I'm on the right track. If I had 10k in a 2% account now, with the best fixed at 4%, I calculate…
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What does this mean?
"If you transfer your full balance to another ISA, previous years' ISA savings will no longer be flexible if you've withdrawn and not replaced before the transfer". It relates to an Easy Access ISA. Thank you.