Where Are You Transferring Your IceSave ISA's To?

KingL

They said on the telephone yesterday afternoon about holding the rate for 60 days after application. There was a standard piece of text that she read out was along the lines that the rate you get is the higher of (a) the rate on the day you opened it or (b) the rate on the date you funded it.

Yes, there seems to be some variance between their 'telephone' postion and their 'website' position (there are some other threads where this discrepacy has been discussed).

I think that there is nothing to lose at this stage by opening one now anyway. Worse case, one day in the dim and distant future when we have our Icesave certificates one can make a judgement call about whether the rates will drop in the few days between you mailing them a cheque and them cashing it.

They were quite happy to accept Icesave transfers in.

Suggest giving them a call for clarification and/or assurances, rather than ditching the opportunity outright.

It'd be interesting to hear what they have to say

nrsql

Yes I've been trying to do that - dosn't cost much so why not.

The ISA transfer line is Monday to Saturday. The 9-5 on Sunday number gives a message saying their systems are down and to call after midday.

If I can't get through I'll try opening one on-line and see what they say about the rate and funding it tomorrow.

nrsql

Got through to them and opened one. You're right - 60 days to complete and fixed at todays rate - just send a cheque and the certificate when it arrives.

She sid they'd been getting quite a few icesave transfers to fixed rate.

CompletelyLost

KingL wrote: »

....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


.

Sorry if this is a silly question, but do you open a brand new one or do I choose the 'transfer an existing ISA' option? I can only find a form to open a new one...

eta: Ahh if you're transferring, do you have to call them?

Baldur

CompletelyLost wrote: »

Sorry if this is a silly question, but do you open a brand new one or do I choose the 'transfer an existing ISA' option? I can only find a form to open a new one...

eta: Ahh if you're transferring, do you have to call them?

Forget online, as others above have said, you need to telephone - although it's probably too late if you haven't done so by now.

They said on the telephone yesterday afternoon about holding the rate for 60 days after application.

nrsql

halifax 1 yr down to 5% from 5.25% so not much loss.

muddyfox470

As my total ISA is only just less than £8000 I have given up waiting for the certificate to come and have decided to fix the rate as soon as possible, so have opened up a new ISA (with Halifax) with £3600, and stuck a further £2350 in my Web Saver Reward I have with them. Therefore both have 5% fixed rates, and the Web Saver Reward has withdrawals allowed so I can open another Cash ISA (or add more money if needs be) to my ISA come April 2009. But fearing the worst for any future rate cuts I decided to fix asap

square-eyes

I've just transferred my Icesave ISA payout into a Halifax 1 year fixed ISA at 5%. These fixed rate deals are falling day by day. It looks like when it matures in 1 year we will be lucky to get 1% from 2009 onwards.

diveleader

Just opened a 4 year fixed at 4.25%

harold123

I transfered mine last night into 1 year fixed and told i had 60 days to fund and provide certificate also.

I'm somewhat worried now as to whether i should have fixed it for 4 years at 4.25! hmmm