2 isas at same bank, not allowed to transfer??

allan673

think im opting for the 1 year growth bond at n s and i, @ 3.95%.

Baldur

allan673 wrote: »

think im opting for the 1 year growth bond at n s and i, @ 3.95%.

That's only 3.16% after basic rate tax - plus you will lose the ongoing tax benefits if you move your funds out of the ISA wrapper.

allan673

ahhhh, i will have another look, thanks for the help (your correct).
dont fancy fixing for more than 12 months though. maybe natwest e isa is 2.25% , i.f 2.50 ??

The_Enforcer

Top of the easy access list is FD, which pays a fixed 3% until Nov 2010, BUT there are NO penalties for transferring to a higher rate ISA within that fixed period, unlike virtually all other fixed rate ISAs.

allan673

The_Enforcer wrote: »

Top of the easy access list is FD, which pays a fixed 3% until Nov 2010, BUT there are NO penalties for transferring to a higher rate ISA within that fixed period, unlike virtually all other fixed rate ISAs.

will look into that, hsbc and fd are linked so may not be able to transfer, i will enquire. thankyou :beer:

redmalc

Allen 673 i have banked with HSBC for many many years and had a similar problem,last February i had a considerable amount in a ISA with them and so did my wife.They introduced the new fixed rate isa at 3.25 fixed for premier customers so i opened this years Isa and they refused to transfer previous years funds so i got a good fixed rate with TSB and transferred the isa,s.Two weeks later my premier manager rang me and advised they had to have a change of mind because they were losing so many of their favoured clients,TOUGH they lost my business and together with a number of fixed rate investments which have since matured.The manager keeps calling me to say they are looking at their rates,they NEED to look a lot harder to get me back

Primrose

Kent Reliance will accept transfers in At the moment I think they're still offering a 1 year fixed rate ISA (no passbook) at 3.2% if that's any help.

RUBY56_2

Not all providers prohibit transfers internally.
I had a Tessa follow on cash Isa with Nationwide paying a measly 0.35%
I know I should have moved it a long time ago but the horror stories about delays and lost interest put me off!
Today I went into Nationwide and transferred it to a one year ISA Bond paying 3%. (Didn't want to fix it for too long in case rates start recovering -ever the optimist!!!)
Transfer was immediate - no loss of interest - no waiting fo cheques to be sent and cleared and if my maths is correct (not my strongest subject) an increase of 857% or thereabouts on the interest it would have been earning had I done nothing!