ICESAVE ISA Transfer Certificate from FSCS

FoxtonsRIP

Newly_retired wrote: »

I have just rung Scottish Widows and they said the ISA rate is dropping to 3.1% next Monday, including those who have already set up accounts, not just new savers or new Icesave transfers.
Apart from that gloomy news, the guy was very helpful and confirmed they will accept a cheque from the current account + details of the Icesave ISA and we can send the certificate when it arrives.

Best to open a Fixed rate ISA product, there's still plenty available.

bjorn_again

KingL wrote: »

Birmingham Midshires wouldn't. Barstewards

Nor the Newcastle BS

Jestercat

Newly_retired wrote: »

I have just rung Scottish Widows and they said the ISA rate is dropping to 3.1% next Monday, including those who have already set up accounts, not just new savers or new Icesave transfers.
Apart from that gloomy news, the guy was very helpful and confirmed they will accept a cheque from the current account + details of the Icesave ISA and we can send the certificate when it arrives.

Do you know if that is 3.1% basic rate plus the 1.5% bonus (for new account holders) i.e. 4.6% in total? If it is then it's none too shabby for 12 months I reckon.

Thanks

steadysaver

mickW wrote: »

Best ISA deal is the 1.75% bonus with RBS and NatWest but they will not allow you to start the account until you give them the ISA certificate by which time the offer could have been removed and certainly the basic rate reduced probably on 1st December 2008 when most banks are likely to slash interest rates. Retired people who rely on the interesdt on their dosh should have oped up fixed rate accounts before the cuts but anyone with icesave isa's are up the creek I would say. Missed the boat. I reckon Kent Reliance might be the best bet for anyone still not decided what to do with their iSA if RBS / Nat WEst have removed their offer by the time the FSA decide to send out the certificates. In the meantime I advise everyone waiting to transfer their dosh into another savings account if they have one until the cert arrives then deal with it.

Still its good to see that savers in Icesave will not lose out :rolleyes:

Darling you turnip!

LGG_2

anyone had their form yet?

AbbieCadabra

if you mean the certificate, i think towards the end of December is the anticipated date.

so, i'll be surprised if we see it before the new year!

MrsMillar

surftime54 wrote: »

Hi I have just called Scottish Widows to Open up a new e cash isa to transfer my (hopefully about to receive) money from cash isa with Icesave.

Scot Wid said that they would not be able to accept money into the new isa account until the isa certificate was made available.

You can open the account however in the meantime - its just that you wont be able to put any money into it until you get the certificate through.

Does anybody know if any other bank is accepting cash transfers without the certificate being produced first or at same time as cheque?

Cheers

Not what I was told either (maybe I didn't quite ask the right question.....) Oh well, sent my application off now. I do hope the 3.1% doesn't include the bonus!!!!

jd84

I opened a Halifax fixed rate on the 15th November and they said I need to get the transfer to them within 60 days.
Meanwhile the money is sitting waiting in a variable rate account being being taxed until this certificate turns up

Optimist

contactjd wrote: »

I opened a Halifax fixed rate on the 15th November and they said I need to get the transfer to them within 60 days.
Meanwhile the money is sitting waiting in a variable rate account being being taxed until this certificate turns up

After reading your post I have just been talking to the Halifax about their their fixed rate ISA. The first girl I spoke to seemed to not even to know who Icesafe were and had to ask a supervisor. Who then said that it couldn't be done DOH!

I then said it could as I knew of someone who had opened one. They put me through to someone in sales who effectively gave me the same information as above. You can open the account but until the certificate come you can not fund it but the rate would remain fixed

So we are going to pop into the Halifax tomorrow and sort it. Whats the betting they dont know anything about it

The moral is to persist I guess !

tommyt11

Opened an Alliance & Leicester EasyISA about a month ago in anticipation of my compensation, which finally landed in my current account today. But same story as everyone else - they told me only 3600 could be transferred in from my current account; my explanation about 'what about when I receive a certificate from my now defunct ISA provider, etc' seemed to fall on deaf/dumb ears. It's only been one of the biggest news stories of the past 6 weeks and she didn't seem to know what I was on about. And these people work FOR A BANK...
I can't understand why the wheels were not put in motion for the paperwork side of things by the FSCS weeks ago - why do we have to wait until December for our certificates?!
Fingers/toes crossed...