Icesave or Principality

trashcan_2

I am thinking of transferring my Nationwide TOISA to either the Principality BS or Icesave and I'm having trouble deciding.
Any advice would be great.

thanks.

kostigovs

what is it that is causing you trouble

PremierFella_2

I wouldn't say there was much to choose between them, other than the extra 0.1% AER with Icesave at the moment.

The Icesave rate guarantee isn't really worth much given the large differential between the guarantee rate and the current rate, particularly as Principality have a reasonable track record in keeping rate changes close to base rate movements. Principality customer service is good in my experience (certainly better than Nationwide!)

If your choice is between only these two cash ISAs, I think its much of a muchness - toss a coin perhaps?

ManAtHome

I've dealt with both - nothing to choose between them in terms of opening accounts, transferring ISAs, customer service, and internet access. Another vote for the coin...

altocumulus

I've just opened an icesave "easy saver" account.

Interestingly they don't 'give' an account number, nor sort-code, for transfer of monies; seemingly rely solely on pull&push from the account itself - certainly a different 'way' of doing things.

My £1.00 test was only allowed if I accepted the 5th Sep as the transfer date.. (carried out on 2nd)..

We shall see, I do prefer icesave over, for instance, kaupthing, purely for its joint account facility... Logon is a quicker process than kaupthing...(faster servers or fewer customers one wonders?!)

trashcan_2

Thanks for your views. I hate it when I can't decided.

trashcan_2

I was looking at the T&C of the Principality ISA and I came across this.

If an ISA becomes void it will be transferred to a Principality Instant Access Savings Account (or equivalent). Once it has been transferred, we will pay interest after deduction of income tax at the appropriate rate. If this happens, we will write to let you know. However, if you provide us with a completed R85 certificate, which you can collect from any Principality branch, we can pay interest gross.

Can they stop an Isa at any time without you being able to transfer it, and put it into an ordinary savings account; losing the ISA element to to it: or am I understanding it wrong.

ManAtHome

Think that's if they discover you've already opened another ISA for the current tax year. Sure I've seen similar in other providers' T&Cs (basically how they refund if you've screwed up).

baby_boomer

trashcan wrote: »

I am thinking of transferring my Nationwide TOISA to either the Principality BS or Icesaves

By the time it takes Nationwide to action your transfer (in a few months time) you will have lost £££s.

It smacks of giving in to the incompetent muppets, but I couldn't stand it any longer and switched to a 6.15% Fixed Rate ISA at Nationwide - just 0.1% less than the Principality rate - but Nationwide gives you a three year option.

The transfer took less than 10 minutes once I'd booked an appointment at a branch, and it's a same day transaction - which will also save you £s.

trashcan_2

I have two Isa's with Nationwide: a normal ISA and a TOISA. I was thinking of moving the TOISA as it took me over the £35,000 in one institution.
I see your helpful point though. It took four months for me to transfer my mother's although all the interest was backdated.

I,M_SAD

Principality very efficient,took 16 days total in transferring isa from egg,not a huge rate increase but wanted isa with principality as they seem to regularly offer good deals.
Ruffler good,don,t know whether they are offering what you need,however they answer phone straight away personally so no automated service if you want help.
Icesave,I had a savings account with them a while back and I just could,nt get on with their website.
Good option though to transfer within the nationwide as earlier post said,it is frustrating to have problems with Nationwide but if you can keep isa for long term thenit is a good rate and hassle free by doing it within branch.
I am alternating between chasing good fixed year rates at moment as and when I can,but that is usually on new money,then trying to find a better long term place for old isa,s.A lot of the smaller B.S send passbooks too which I tend to like,again personal preferance,I do use internet a lot but there is always that added security with a passbook if you do need money urgently or if problems occur with online services,I recently have made some changes to accounts I use due to problems with internet which lasted a month,for no reason but it did make me think I needed to alternate accounts rather than just relying on internet.Dont, know whether that was any help!:D