ISA Move to YBS from A&L

Bisoy

Just a quick update. I've rang YBS yesterday and was told that they have now 20 working days turn-around on their applications.

Bisoy

Phew! A big sigh of relief as finally funds has now appeared on my YBS account. It took 5 working days from the date it left from A&L account. I thought that it could have been longer I was getting a bit impatient. Well done YBS!

Now just need to make some research if I need to fill up my next years ISA allowance with them or open a fresh one who are offering an excellent rate.

MiserlyMartin

I'm not transferring to YBS, but Abbey. I phoned A&L today to request the transfer. Will let people know how long it took A&L to action the transfer and closure.

Chillum

I made the decision yesterday and went for a combination of Abbey for existing and Barclays for new money.

I would have preferred to keep in in all the same place but the Barclays offer was rather good.

liamsquire

Chillum, I'm thinking about doing the same as yourself but not sure if Barclays accept NI customers. Will give them a call.

When transferring your ISA from A&L and you are faced with the question regarding the amount to transfer how does it work since A&L don't pay the remaining interest until the end of the tax year? Do I just ask to move the amount I can see in my account and A&L will apply the interest to that when transferring?

Indispensable_Hobbes

Opened YBS account last night, called A&L today to initiate the transfer

Chillum

I haven't grappled with the whole interest from A & L.

From reading what others have written, the ISA transfer form I completed will be returned (thought i'd give it a shot anyway) but once I have the appropriate details and if my transfer request (via the form) is rebuffed, i'll get in touch with them to get the thing sorted out.

I haven't read the T & C closely enough regarding interest when closing/transferring your A & L account but I would have thought it would mirror other a/cs i.e. they close your account and pay you any interest that you have due to you.

MiserlyMartin

liamsquire wrote: »

Chillum, I'm thinking about doing the same as yourself but not sure if Barclays accept NI customers. Will give them a call.

When transferring your ISA from A&L and you are faced with the question regarding the amount to transfer how does it work since A&L don't pay the remaining interest until the end of the tax year? Do I just ask to move the amount I can see in my account and A&L will apply the interest to that when transferring?

As far as I understood the woman at A&L told me the account would be closed with all interest paid up to date.. then transferred to Abbey.

Bisoy

For all of you guys who moved to YBS eISA, will you contribute your full £3000 with YBS this year or open a fresh cash ISA with another lender with interest above 6%?

I suppose it depends on much funds you have with YBS. Anyway let me know what others think.

cheers

Indispensable_Hobbes

I'm going to open a 6% ISA for 07/08 contributions.

That will work out better regardless of what balance you have with YBS.

YBS balance @ 5.65 + 3000 @ 5.65
or
YBS balance @ 5.65 + 3000 @ 6.00