Where Are You Transferring Your IceSave ISA's To?

Icesaver

~Chameleon~ wrote: »

You'll have to give them a call and ask I think as looking at these two particular statements I'd say not, but you need clarification ...

• You need to be able to open your account with a minimum £1,000 balance.
• You can transfer in other Cash ISA's once your account has been opened.

I should have trawled through Terms and conditions

3.6 says initial deposit can be made via transfer in of an existing cash ISA in your name:j

Icesaver

Dunno why I :j rate is only 5.65% variable :rotfl:

AbbieCadabra

after much searching , i've decided on Scottish Widows for our ISA replacements.

i emailed them yesterday to check the position with regards to Icesave & a very helpful lady rang this afternoon to confirm it's ok to open an ISA with them whilst we're still waiting for our Icesave transfers & certificate. :T

AbbieCadabra

i'm now having 2nd thoughts on Scottish Widows...it looks like i was incorrectly told the new isa could be opened & money paid in - money can't go in until the actual certificate is received (which i believe will be the case will all providers).

it's also been reported that SW rate drops to 3.1% from Monday. i know the majority will be dropping their rate on this day also, so i'm now holding back my application forms (which took well over a week to arrive) & see what happens on 1st Dec.

i'd appreciate thoughts on what others are doing?

SGE1

I don't know what to do either.

Don't want to go fixed in case I need the cash, but if the rates are going to be so poor, I'm not sure what to do.

I may just leave it in my e-savings, which earns 6% AER, 4.67% net, which isn't great, but at least it means I can wait a bit to see whether competition hots up as the financial year ends, and transfer it quickly somewhere else.

Thomas_Crown

AbbieCadabra wrote: »

i'm now having 2nd thoughts on Scottish Widows...

it's also been reported that SW rate drops to 3.1% from Monday.

The Scottish Widows ISA currently pays 4.5% + 1.5% bonus = 6%

The new rate will most likely be 3.1% + 1.5% bonus = 4.6%

The bonus runs for 12 months from the date the account is opened. Hopefully, next Monday we will know for sure if the bonus will still payable on new accounts.

Baldur

Thomas_Crown wrote: »

The Scottish Widows ISA currently pays 4.5% + 1.5% bonus = 6%

The new rate will most likely be 3.1% + 1.5% bonus = 4.6%

The bonus runs for 12 months from the date the account is opened. Hopefully, next Monday we will know for sure if the bonus will still payable on new accounts.

Scottish Widows rates from 1st December (eMoneyfacts usually quotes gross rates, rather than AER) - https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=178800

CASH ISA: £10 - 3.72% (-0.98%), £10K - 3.72% (-1.03%), £25K - 3.76% (-1.04%), £50K - 3.81% (-1.04%). E-CASH ISA: 4.60% (-1.40%)

AbbieCadabra

thanks for the extra info

i think we'll just have to see what Monday/1st Dec brings...ho ho ho (or not, as the case may be!).

have a good weekend

KingL

....worth considering if you're forecasting a long run of low interest rates.

Halifax Fixed rate ISAs. Rates not all that spectacular, but it is one of the last fixed rate ISAs out there. 1, 2, 3, 4 year fixes available.

Rates dropping on Monday (1 Dec). Open one tomorrow (Sun) with zero funds to get the rate. They'll hold the rate for 60 days. If you subsequently decide against it, just don't fund it.

http://www.halifax.co.uk/isas/fixedrateisa.asp


.

nrsql

Checked and KingL is right

Thanks - it would be nice but

>> Open one tomorrow (Sun) with zero funds to get the rate. They'll hold the rate for 60 days. If you subsequently decide against it, just don't fund it.

Unfortunaely on the application
>> Please note interest rates are fixed on the day we recieve your opening deposit, please act now to make sure you don't miss out on the current rate

So looks like it has changed since that post yesterday.
Also the link to information about isa tnsfers is broken so maybe they hae acted to stop a lot of icesave money being transfered.

ISA transfer link is back
>> If you ask to transfer to our fixed rate ISA, interest rates may change before the transfer has been completed.
Maybe that was what was being changed