Where Are You Transferring Your IceSave ISA's To?

condoran

Is anyone having problems with this lot? I sent all the necessary paperwork ten days ago and so far nothing has happened. The on ly contact no. I have found is 0161 755 7935 which is the reception area of the building. You have to ask for a named person. I was put through to Samamtha Huntingdon (team leader) but the phone just rings and rings. I cannot cancel this as they have my ISA certificate. Would appreciate any help on this.

jd84

I sent my certificate to Halifax 10 days ago by recorded delivery and have heard nothing since.
The royal mail tracker can't tell me whether it has been delivered either - not sure if this is because it's a PO Box.
So now I don't know if it's gone missing or just waiting to be dealt with

pmorrison_2

daywalker wrote: »

Shows as 'sold out' now.

Now back online but as 3% fixed for the year

Charlottexyz1

I think I managed to set my fixed ISA ok, with a bit of mild form confusion on the part of Halifax. Was guaranteed (twice on phone and once in person) it would be at the rate when I first called to open the account. So hopefully that will be the case (although the last guarantee I had was that my saving were save in icesave, so maybe I shouldn't be so trusting).

A

ahll

My ICESAVE certificate just showed up....so now I need to decide what to do with it and where to put the money

It seems the Halifax deal is not so good now going down to 3.30% is that right ?

http://www.halifax.co.uk/savings/fixed-rate-isa.asp

Wondering what the best thing is to do with the money...is there a time limit on getting the money placed somewhere else ?

Baldur

ahll wrote: »

Wondering what the best thing is to do with the money...is there a time limit on getting the money placed somewhere else ?

You have until 5th April 2009 to deposit it into another ISA account - what you do with it until then is your choice.

scotty28_2

I must admit when we recived our ISA Reinstatement certificates as our money was in HBOS main account we put in our existing HBOS ISA - this has created a new question as we have been to the bank after many spurious leads from HBOS telephone banking, completed the forms gave them the original reinstatement certificates, the money has dis-appeared from our main account - same day and is invisible until according to the bank "the system approves the change and re-invests it in our existing HBOS ISA" - has anybody been told this or is it another rous by HBOS/banks to gain interest for themselves by parking it in one of there accounts for a few days/weeks/months - anybody know?

drink-stella

I applied for the Kent Reliance 1 year fix at 4.50% - now I see that the rate has changed to 3.00%, worrying thing is by the time I find out which rate I have got if its the 3.00% by the time I get my Icesave certificate returned to me from Kent Reliance, all the other decent paying ISAs will probably be all gone

2latenow

I received my Icesave ISA certificate this week.

Given that all ISAs have now fallen as the BOE rates have fallen I am wondering whether I should bother re-investing it in a new cash ISA or use it to make overpayments on our fixed-rate interest-only mortgage (I can do this over 6 months without incurring a penalty with the lender)

- The ISA value was only about 5k
- Our mortgage rate is about 5%, fixed
- Best ISAs are around 4.75% (today... I assume they'll drop again if BOE drops)
- We can take "payment holidays" against overpayments [effectively like an 'offset']

On a rate-for-rate basis it seems better to take it off the mortgage rather than putting it in an ISA - getting an effective rate of 5% fixed instead of 4.75% variable). If ISA rates rise again, I could take a holiday on the mortage -- and instead put the payments into a new ISA (up to 3600 x 2 ... wife & me). If ISAs stay lower I'll open a new ISA next year and fill it gradually as normal anyway.

What have I forgotten?

grimalkine

I have been looking at an HSBC on line e-ISA for my Iceave compensation money, but HSBC inform me I cannot pay more than the 3,600.00 limit into an e-ISA, only into a normal ISA (with my certificate) which of course pays less interest. Is this because they have no way to verify on line that the funds have come from Icesave - what about a scanned copy of the certificate sent by email? Has anyone else managed to pay more than the yearly limit into an e-ISA ?? I too have my money in a bank at the moment until I can find out more about re-investing it!