MSE News: Isa battle hots up with AA and Santander moves

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"The battle for your cash Isa money is intensifying as the deadline to use this year's allowance draws closer ..."

Read the full story:
Isa battle hots up with AA and Santander moves

Niksan

We need the ones that accept transfers in to heat up dagnammit Either that or Halifax will surely get a lot of custom come April.

Percy1983

Will all these deals still be about next year (april) I have a halifax ISA which is 3% until late next year so I will just start another in April if these are about.

Sorry not been into ISAs long so not sure how the market moves.

ultrawomble

Percy1983 wrote: »

Will all these deals still be about next year (april) I have a halifax ISA which is 3% until late next year so I will just start another in April if these are about.

Sorry not been into ISAs long so not sure how the market moves.

Unlikely that these deals will be available beyond April - last years table topping ISA from Stantander/Abbey experienced a rate drop in the March due to high levels of subscription as I recall. The best offers are typically in the March (before the end of the tax-year) and in the April.

Percy1983

So in theory could I open one now but not fund it until April and all will be fine?

ultrawomble

Percy1983 wrote: »

So in theory could I open one now but not fund it until April and all will be fine?

TBH, I don't know the answer to that one. I've always subscribed to an ISA at the beginning of the tax-year so (unless transferring) when these situations come up I'm effectively barred because I've already subscribed in that current-tax year.

oldfella

need to check there are no constraints like "must be funded within xx days"

Percy1983

Good point, is it just me that thinks its madness that the deals come in just before the year end, surely we should be saving during the year but if these don't accept transfers in what is the point?

Will have a look in the terms, if they are fund within a month I can do it.

ses6jwg

Just a heads up, the Santander 2 Year Fixed Rate will also be increasing to 3.7% with 120 interest penalty for closure making it also a market leading product.

cing0

So what do you do if you don't have a cheque book ?