Isa Rates -What would make you transfer

sheslookinhot

How much better would the interest rate need to be on an ISA account to make you transfer ? 0.1%, 0.5% , 1% or what ?

LucyTheDwarf

I've become the perfect bank customer - I've grown lazy, because of the lack of decent rates, so it'd have to be a stunning rate increase for me to transfer. 2.5%+. I'd want at least 5-6% out of it.

Baldur

An increase of 0.25% on my Cash ISA funds would mean around £125 per annum, so definitely worth transferring.

sheslookinhot

Baldur wrote: »

An increase of 0.25% on my Cash ISA funds would mean around £125 per annum, so definitely worth transferring.

I would need an increase of 0.5% to get an extra £100, but it would also mean switching from variable to fixed. I intend to go with Lloyds at 3.2% when my current FRISA with them matures.

Baldur

sheslookinhot wrote: »

I intend to go with Lloyds at 3.2% when my current FRISA with them matures.

I took their 'early bird' offer for renewal at 3.75% in February, the transfer took place on maturity at the end of March.

nearlyrich

I just moved one from 0.5% to 3.5% the 0.5% for current customers when the same bank had a new offer at 3.5% but not for transfers, I shifted it on principle.

kingmonkey

Depends on the effort involved. Probably £20 - £50 increase over the year for 30 min application. Needs to be really decent to get me to go into a branch.

missile

kingmonkey wrote: »

Depends on the effort involved. Probably £20 - £50 increase over the year for 30 min application. Needs to be really decent to get me to go into a branch.

RBS @ 3.51% application on line, is looking good for 05th April. Does not accept transfer in.

Baldur

missile wrote: »

RBS @ 3.51% application on line, is looking good for 05th April.

That's 6th April for 2009/10 tax year funds.

Does not accept transfer in.

Hardly relevant to a thread on transfers then.....?

TuftyMatt

I have a large amount to transfer from a Bradford and Bingley ISA, where the rate has just gone down to below 1%, and a Barclays tax haven ISA.

I need a monthly interest account with instant access and was thinking of the Natwest e isa.

Anyone have any better ideas?

By the way I will be opening a new Barclays Golden ISA on Monday afternoon with the full amount.

ender4

i guess it would need to be about 1%.

when interest rates were good, it would have been about 2%, but now i'm struggling to make my savings earn decent interest, there is more likelyhood of me moving for lower gains.