Transfer to natwest e-ISA

matthew74

My transfer just been completed from Natwest cash ISA to eISA - taken about 1 week.

funkyhitman

alared wrote: »

Don`t agree about fixed rates because they are about as low as they can go and with providers hungry for cash to ramp up their balance sheets,the only way is up from now on.

This is possible, but I can't see the base rate going up for a long time, therefore will the banks really go up much more?

I should have said with this first direct ISA i've gone with, you can transfer out penalty free so if a better ISA becomes available, as long as they allow transfers in, you're sorted.

Cheers.

rb10

Remember the Natwest one does have a base rate guarantee ... 'never less than base rate until at least 1st February 2010' ... so they can take it down to a competitive 0.5% now. :rolleyes:

PotatoPotato

snowbrow wrote: »

Told them my ac num/ sort code and just said that i had sent the transfer form off in march I knew the exact date as I printed off online postage for the letter and so had the receipt to prove the date it was posted!!

Spoke to a very helpful guy who also was concerned why its taken a month, said they would be checking it out and sending me a letter and today I checked my isa with ybs the one I wanted to transfer and its showing 0 balance but my natwest one is showing a 0 balance too, so apparently my money is on the move to my natwest isa and should be showing in my account within 5 working days.
Alot of hassle I know.

Ok thanks snowbrow, i'll give it one more week, then it'll be exactly a month.

Regarding the posts about dropping interest rates, I'll be happy if its more than what barclays is offering me right now. At 0.81% AER :eek:

willo65

rb10 wrote: »

Remember the Natwest one does have a base rate guarantee ... 'never less than base rate until at least 1st February 2010' ... so they can take it down to a competitive 0.5% now. :rolleyes:

Just googled "Halifax ISA" brings up Halifax - ISA Saver Direct - Our best ISA interest rate & Cash ISA ... and when I click I get http://www.halifax.co.uk/savings/isa-saver-direct.asp which makes it look like halifax are at 0.5% now based on their best ISA rate according to the link. :rolleyes:

^!£$&

Transfer finally complete today in all took 36 days!

rb10

willo65 wrote: »

Just googled "Halifax ISA" brings up Halifax - ISA Saver Direct - Our best ISA interest rate & Cash ISA ... and when I click I get http://www.halifax.co.uk/savings/isa-saver-direct.asp which makes it look like halifax are at 0.5% now based on their best ISA rate according to the link. :rolleyes:

Try this link ... sounds like a muddled up Google advert to me.

It took me through to the right place, it said 'Halifax ISA Direct Reward
halifax.co.uk/isadirectreward 3% AER guaranteed for 1yr.Open from £1,000. 4 withdrawals. Apply Now!'

willo65

Rb10 - thats much better they should speak to google about that, it's not good for anyone who googles "Halifax ISA" thanks for the info

digivate

funkyhitman wrote: »

I can't see the base rate going up for a long time, therefore will the banks really go up much more?

The moment there are any signs of recovery in the UK economy interest rates will go up again. Interest rates were already low before the recession (which partly caused the bubble and subsequent crash). You're right that it may not happen in the next twelve months, but it's a possibility and I very much doubt interest rates can go the other way.

madamechaud

Kavanne wrote: »

You can leave the reg saving box OR the initial deposit as 0. Not both. So put £1.00 in the initial deposit box and on the next page it will ask you if you want to make that deposit by 'cheque/cash'. Select YES. This will enclose a deposit slip in with your application which you DO NOT RETURN. Thus allowing you to open the account with a £0 balance.

For reg saving you must leave the amount as 0.00 and 'please select' in the frequency box (ie: do not select any of the frequencies)

if you do both the above the application will allow you to proceed.

I have already deposited 3.6k into my Natwest cash isa for 09/10, so opening e-isa with £0 then transfer (transfer form) all my savings to the e-isa I will not get taxed right?
Is it legal to open an isa account without paying £1 into it(not cashing in deposit slip)? Would Natwest chase up the £1 deposit so making you deposit in 2 isas in one year?