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

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 ..."

Comments

  • Niksan
    Niksan Posts: 309 Forumite
    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
    Percy1983 Posts: 5,244
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    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.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • ultrawomble
    ultrawomble Posts: 492 Forumite
    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
    Percy1983 Posts: 5,244
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    So in theory could I open one now but not fund it until April and all will be fine?
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • ultrawomble
    ultrawomble Posts: 492 Forumite
    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
    oldfella Posts: 1,534
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    need to check there are no constraints like "must be funded within xx days"
  • Percy1983
    Percy1983 Posts: 5,244
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    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.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • ses6jwg
    ses6jwg Posts: 5,381
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    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
    cing0 Posts: 428
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    So what do you do if you don't have a cheque book ?
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