Anyone sticking with NatWest e-ISA (acc opened before 14 May 09)

barny_100

The_Enforcer wrote: »

I have opened, but have not yet funded, the Santander 3.2% ISA (had I not been moving house I would have got in there when it was 3.5% and I might actually have some money to put in it!) for this year's funds, because:

But you need a Santander Current Account to open it. Up to individuals if they can be fussed with that for an extra 0.5% AKA £5 per £1000 in the full year.

The_Enforcer

It was open to all at the time I applied for it, even though I do have an A&L current account.

I agree at present, the difference would be small for new money, however, should either NW cut their rates (I suspect a drop of around 0.25% is in the offing) or the BoE rate increases, or both, then this difference could become more significant.

astro-k

Just spoke to them again. Rate seems to be staying at 3.21 for £30k+

shymanuk

what about less than 30k ?

deutsch

any news on this?

jonny2510

deutsch wrote: »

any news on this?

Still the same rate (click the link, then click "e-isa" for current rates)

astro-k

Yeah...I keep checking. I've put this year's allowance in NCBS and will transfer the natwest lot across if/when the rate dives so I'll maintain 3.1% with NCBS.

geckofabulous

astro-k wrote: »

Yeah...I keep checking. I've put this year's allowance in NCBS and will transfer the natwest lot across if/when the rate dives so I'll maintain 3.1% with NCBS.

I didn't know you could have two Isas running concurrently. Are you paying tax on one?

astro-k

geckofabulous wrote: »

I didn't know you could have two Isas running concurrently. Are you paying tax on one?

I have a Natwest e-isa from the 2009-2010 tax year which of course continues to run. I now have an NCBS ISA for this tax year too. You can have many ISAs running concurrently but can only open one (cash) each year. I had 4 before I did a transfer into Natwest last year, each opened in various years before.

storminmike

financial_illiterate wrote: »

I think its far from definite, given that the original poster refers to a 'bonus' which doesn't exist.

I don't think there's any significance to the 14th May other than its the date they chose to 'cut-off' at last year.

Time will tell who is right!

Well I opened one before that cutoff date of .14 May 2009..

I have been getting these published rates and am now on 2.97% as I passed £10k

BalanceAER (variable)Gross RateNet Rate
£30,000+3.26%3.21%N/A
£10,000 - £29,9993.01%2.97%N/A
£0 - £9,9992.75%2.72%N/A

and this month got an £80.47 BONUS TOO...don't remember that when I signed up but who cares....happy days:D