first direct cash e-isa

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
20 replies 1.5K views
typeractivetyperactive Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi all,

Just wondering if many people are going for this ISA? I would go for the Barclays ISA (as I'm an account holder), though it does not let you transfer previous ISA's in :mad:.

So this seems to be the next best fixed cash ISA (having not done a heap of research). Does anyone know if you need to have a current account to open one of these accounts? I'd basically like to:

Transfer my exisiting isa cash into a good fixed rate isa
Add a new tax years amount
Have easy access without penalties

...think that's it. heh

Cheers
"The future needs a big kiss"
«1

Replies

  • Andy_ChesAndy_Ches Forumite
    420 Posts
    you can only open it if you are a first direct 1st account (bank account) holder, for this current taxy year anyway. Not sure if it will change for next year.
  • typeractivetyperactive Forumite
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    hmmm - this seems to be the case as in previous years where I have done similar things. does this account have any stipulations such as paying in your salary etc?

    I guess there's always a catch! I'd just like something simple to setup and transfer. Barclays would be ideal if I could transfer my current ISA savings!

    Cheers
    "The future needs a big kiss"
  • Andy_ChesAndy_Ches Forumite
    420 Posts
    you have to pay in £1,500 a month or maintain an average balance of £1,500 or hold another 'eligible product' to avoid a £10 monthly fee.
  • oxenrydoxenryd Forumite
    478 Posts
    Andy_Ches wrote: »
    you have to pay in £1,500 a month or maintain an average balance of £1,500 or hold another 'eligible product' to avoid a £10 monthly fee.


    As per other threads, there is no requirement to have a current account for this ISA. I have opened it and have no other accounts with First Direct.
    Originally Posted by Dr Cuckoo3
    Your bank and bank card does say something about the kind of person you are: Big 4 banks=sheep;),Santander=someone who doesnt mind incompetence:p,COOP=Ethical views,a campaigner:cool:,First Direct/Coventry=someone who thinks they are better than others:o,NI Bank card when living on the mainland=Aspergers :D
  • typeractivetyperactive Forumite
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    cool - thanks oxenryd

    looks like it's still worth looking into!

    cheers
    "The future needs a big kiss"
  • Andy_ChesAndy_Ches Forumite
    420 Posts
    oxenryd wrote: »
    As per other threads, there is no requirement to have a current account for this ISA. I have opened it and have no other accounts with First Direct.

    Strange, it also says on First Direct Website you must be an existing customer to open this type of account.... :confused:
  • BaldurBaldur Forumite
    6.6K Posts
    Andy_Ches wrote: »
    Strange, it also says on First Direct Website you must be an existing customer to open this type of account.... :confused:
    That's an interpretation of what it says (an incorrect interpretation).
    The cash e-ISA is currently only available to first direct customers for the 2008/2009 Tax Year.

    You will be able to apply for the 2009/2010 Tax Year from 6 April 2009.
    It was open to applications from non-First Direct customers until a couple of weeks ago, when it was restricted to 'customers only' - presumably because of the popularity of the product.
  • Andy_ChesAndy_Ches Forumite
    420 Posts
    I wasn't aware it had previously been open to non first direct customers.
  • Natti_ANatti_A Forumite
    190 Posts
    Yeh it was. I applied 3 weeks ago, and have no accounts with FD. They closed the app after i applied, to non FD customers, at least for this tax year!

    I was v lucky to apply when i did!!
    Credit Card 6.9% - £0/£2800
    Graduate OD 19.9% - [STRIKE]£1000[/STRIKE] Paid off Sept 11 :beer:

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  • typeractivetyperactive Forumite
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    ah - does this mean it is now too late? :eek:
    "The future needs a big kiss"
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