FYI opening Santander ISA for 2011/2012

matthew74

All

Just in case it helps anyone, I have just made applications online for Santander flexible ISA's for wife and I for tax year 2011-2012. No funding required.

Matt

beardiedog

Thanks Matt for the heads up, just applied for mine.

Now need to find a better rate to transfer my current ISA balance into.

Steve

firstinflight

They are now also stating on the website that they're taking applications for the 2011/12 tax year. Still promising to track 2.8% over the base rate, so they haven't cut the interest...yet.

matthew74

Yes thats why I opened for the 2011/2012 today - last year they cut the rate after the end of the tax tear.

sheffieldeagle

Does this mean I can apply for this ISA even though I've just closed a 2010 / 2011 Cash ISA and used all my allowance. Is this effectively an account that begins in the new tax year?

Thanks

PennyForThem_2

lol

Went into Santander branch and asked if i could open an account for 2011/12.

No - big no.

Will try on-line

matthew74

Sheffield Eagle, regardless of what you have done with this years ISA you can open the 2011/2012 ISA now , just dont deposit any money until the new tax year, Wednesday.

Cobertizo

Interesting - my local branch were fine with me opening an account for 2011/12 this morning. Admittedly they were a small one without a personal adviser free, so let me complete the forms myself, but the form had a check box to say which year I wanted it for.

May be that they are stopping people in some branches because they are too busy with all the applications for this year? A pain either way though.

Nadia

Hi

I need the help of the ISA experts on here. I tried to apply to Santander's Flexible ISA online and came across the following entry in the application form:

You can link your ISA account to a new Santander Cash Card or use an existing one.

What does that mean? Do I need a cash card to apply for this ISA and what is the purpose of that card? I have never encountered this while applying for ISA accounts in the past. Any ideas?

Thank you
Nadia

matthew74

Nadia

For some reason Santander think you may want a cash card with an ISA. If you already have a Santander account you can link the ISA with the card you already have.

Just tick the box saying you want a new card if you dont have an existing card with them. Just cut the card up when it arrives if you don't want to use it.

Hope this helps.