Barclays Golden ISA 3.61%

shirlgirl2004

antispam246 wrote: »

Edit: I've noticed alot, not just in this thread, alot of people complaining about past problems opening their Barclays ISA, just to oppose that. I had zero problems when I opened my Tax Haven ISA, nor with any of my other Barclays accounts.

As a note, you may want to remember that people tend only to post the negatives and not the positives. If something works swimmingly people will rarely post about it, they're just glad it's done and that's that, when something goes wrong on the other hand, everyone likes a good moan, I'm no exception. So I figured I'd just say I've had no problems with them as far as opening accounts.

I opened mine really easily too. I was already an exisiting online Barclays customer so don't know if it makes a difference.

geet

But it is VARIABLE right - so there is nothing stopping it from plummeting to whatever in a few months time???

john_s_2

geet wrote: »

But it is VARIABLE right - so there is nothing stopping it from plummeting to whatever in a few months time???

Or shooting upwards ;-)

But yes, that's the risk with variable rates. The risk with fixed rates is that rates will shoot up and you're stuck with a lemon. You pays your money and takes your choice.

geet

But why stuck - you can withdraw - halifax allows four withdrawals at fixed 3%.

geet

oh sorry forgot barclays is not a transfer in offer so we can't transfer at a later stage:-(((

geet

i am going for transfer to natwest if i can get my head around application or go to halifax (easier) and for new to first direct (drip) if they are not a dodgy place as someone keeps telling me and keep it dripping from a savings acct - not decided which - how does that look? better than barclays?

The_Enforcer

geet wrote: »

oh sorry forgot barclays is not a transfer in offer so we can't transfer at a later stage:-(((

If you chose to invest your 09/10 ISA allowance in there, then should the rate become uncompetetive later on, you would be able to transfer it into another ISA that does accept transfers in.

geet

can i close my 2008-09 isa with egg and "open", not transfer, that to Barclays golden - i know all this has to be done by april 5th - but is that allowed? I mean closing and opening to avoid transferring?

The_Enforcer

geet wrote: »

can i close my 2008-09 isa with egg and "open", not transfer, that to Barclays golden - i know all this has to be done by april 5th - but is that allowed? I mean closing and opening to avoid transferring?

If you have already invested your £3,600 with Egg in 08/09, that money cannot be withdrawn and re-invested as 'new' money in another ISA in 08/09

If you have £3,600 or less with Egg, then you could close the Egg account in 09/10 and re-invest it with Barclays and that would be your new money for 09/10.

If you have more than £3,600, then the remainder from the closed account would lose its tax free status until it could be reinvested in 10/11 as new money.

If the best ISA for new savings doesn't allow transfers, its also worth keeping an eye on which is the best ISA for existing savings (to transfer old ISA money) as well. Small differences in the rate are more likely to have a bigger impact on the interest earned on old ISA money than an ISA for new savings only.

Castrovalva

geet wrote: »

But it is VARIABLE right - so there is nothing stopping it from plummeting to whatever in a few months time???

How about the fact that Barclays savings accounts are linked to the BoE base rate?

And the fact that the base rate has no where to go other then up?