Barclays Tax Haven Cash ISA, query.

Hadrian

I have one of the above ending in April '09. I need info regarding how exactly to finish it, ie cash it in, and if I decide so, to maybe start up another one with Barclay's. Sorry to be so dim but I am a bit concerned. I am a Barclay's current account customer and opened this ISA via my on-line banking.

rb10

When the account finishes in April, look around for another good paying ISA to transfer it in to.

Tell the new bank that you want to transfer the ISA from Barclays (don't just close the Barclays one!!!), and they will sort out moving it for you. By doing it this way, you keep the money you put into Barclays last year in an ISA (so you will continue to earn tax-free interest on that) and will also be able to put a futher £3600 into an ISA from April '09. This can be into the same one as you transfer the Barclays one into, or you can open a separate one.

Wait until the end of March before looking into them, as most banks generally give better deals on ISAs in March/April, as these are the peak times for opening them.

demotw

aye rate drops off quick on that isa, due to losing the 1% bonus you get for the year. Barclays will announce new isa in march called Golden isa i believe, which will prolly include another 1% bonus, got no info on rates yet, wont hear that until beginning of march, but im sure like the other two it will not allow existing isa funds to be paid into it, new money only.

Also, nest egg savings and active savings will be replaced within next couple of months, ill announce when i know the date. If you have these existing accounts change it as soon as the new account is released as the rates on these two will drop off dramatically very quickly, and the account isnt switched automatically.