Santander 3.3%/3.5% Flexible ISA i3

KTF

wishuponastar wrote: »

I deposited a cheque from another bank and what if it doesnt clear in time? will it go under next years account?

And when does the interest get calcuated in at? Would it be 3.3% on the balance at april 6th 2011 or next year??

Just wondering....

She also said there would be no charges if i wanted to withdraw money before the 12 month period was up...is this correct?

If it clears before the end of the current tax year then it will count towards this years allowance. If it clears in the next tax year then you have missed this years allowance and it will count to wards the 11/12 one.

3.3% on the balance calculated daily and paid yearly on March 1.

Its an instant access ISA so yes, you can take the money out anytime you want with no penalty.

rb10

KTF wrote: »

If it clears before the end of the current tax year then it will count towards this years allowance. If it clears in the next tax year then you have missed this years allowance and it will count to wards the 11/12 one.

No, no, no!!

The date it clears doesn't make any difference ... it's the date that it's paid in that counts.

moorhen_2

For those who like me don't have another account with Santander, and so chose cheque deposit when applying: a week later I got an email with sort code and account number, so I'll be depositing via the internet (bacs) rather than cheque. Hope that helps someone else too.

PS: I paid in via the net (Faster Payments from Ulster Bank) and I could see the balance online in Santander within 5 minutes.

pKaTz

I didnt apply until the last day. ie 31 march.
I have not had any acknowledgements by email, just the confirmation page which I saved.
I phoned to get the account number but as I applied online I was directed to the website for more help.
I have submitted an online tracking enquiry on Monday but have heard nothing back yet.
Looks like I am going to miss out this tax year.

blueberrypie

pKaTz wrote: »

I didnt apply until the last day. ie 31 march.
I have not had any acknowledgements by email, just the confirmation page which I saved.
I phoned to get the account number but as I applied online I was directed to the website for more help.
I have submitted an online tracking enquiry on Monday but have heard nothing back yet.
Looks like I am going to miss out this tax year.

If you (or rather your wife - this is being opened in her name, isn't it?) can get to a branch today and if they have time to open a new ISA for you in the branch, you can do that and fund it today. As you've not paid anything into the one you opened on-line, it will be fine to open a different one.

(You might, however, want to look the lack of response from Santander as a warning of what to expect in future - and open an ISA elsewhere instead!)

pKaTz

Yes is my wife name.
Not possible as I am at work, and she at work too.
I will get her to phone them to get account number, they have replied to the email now with a phone number..

KTF

I didnt get an email reply either but when I logged on to the Santander online banking the account was showing as available.

foofi22

I've just tried opening a 3.3% account online and I get presented with the following options:

You can fund your new ISA account by saving for this tax year.
How are you saving for this tax year? *

1. Send in a cheque from an account in my name
2. Move money from my Santander Savings or Current Account
3. No new savings

Now I'm confused...what should I select?

I already have a Flexible ISA (Iss 2) from last year with them that I am transferring to Halifax.

It also asks about linking to a card, should I select "Link to a new card" (I didn't realise this account came with a card!)

Thanks

suesie999

Can anyone help? I have a cash ISA with SL which is at 2.65% and I could transfer elsewhere. I can also invest £5340 in this tax year, either in the exisiting SL or in a new account, however is it possible to invest this years allowance in a new account ( e.g. Santander at 3.3%) but as this does not accept transfers from previous years, would I then be allowed to also transfer to SL funds to a better paying account elsehwere but not add to it??

blueberrypie

suesie999 wrote: »

Can anyone help? I have a cash ISA with SL which is at 2.65% and I could transfer elsewhere. I can also invest £5340 in this tax year, either in the exisiting SL or in a new account, however is it possible to invest this years allowance in a new account ( e.g. Santander at 3.3%) but as this does not accept transfers from previous years, would I then be allowed to also transfer to SL funds to a better paying account elsehwere but not add to it??

Yes.

Transfers don't count towards your ISA allowance.

You can have as many ISAs as you want - the limit is on how many you can pay new money into each tax year.

So you can fund one ISA with the current year's allowance and transfer funds from previous years to another ISA or another provider.