Santander 2year fixed isa @ 4%

Siobhan789

codetown wrote: »

I am in the process of transferring my previous year ISA to this new 2 years fixed Santander Cash ISA.

Can anyone suggest:
1) Which is the correct Santander address to send the form to?

a-
External Cash ISA Transfer Team,
PO Box 1112,
9 Nelson Street,
Bradford, BD1 9NR

(taken from: from http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1237836201044&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateA1)


or
b-
External Cash ISA Transfer Team,
Building 2,
Carlton Park,
Narborough, Leicester,
LE190AL

(taken from the ISA transfer form at:
http://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223411781106&maxage=3600)

2) How can you fund the account for the 2012-2013 ISA new tax year? I already have a Santander savings account, but the money
is in an outside account.
After opening, will they provide you with a sort code + account number for the fixed ISA to do direct fund deposits into?

3) My old ISA is with Northern Rock.
Does anyone know the full name and address of the ISA team at Northern Rock (should I use Northern Rock or is it called now Virgin Money for this transfer)?

Bradford,
Once you have the sort code and account number u can send it to that via ur out side account

Siobhan789

nhbluk2 wrote: »

I should clarify my question from earlier. I'm looking to open this for this year's allowance (I have no existing ISAs to transfer), and it looks like the only way to pay in is by cheque. Is this usually the case?

If I went into a branch, would they be likely to accept payment by card?

No they won't accept cards you can say u will transfer it via ur own bank later as long as u do it within 14 days if u choosing a fixed rate one, u don't need to pay by cheque

Siobhan789

lanstrom wrote: »

I got stuck with the question regarding the transferring out account number and if the sort code should be inserted too.

In the end I went into the branch and let them do it all online. Only took 15 mins.

The "Personal Banking Advisor" told me without hesitating that my transfer will not be gaining interest at 4% from today or Monday and it will only do so from 1st April. He also said that the maturity date is also on 1st April 2014 ... Hmmmm web site says otherwise !

Sorry the PBS is wrong it's 1st may 2014 and it will gain 4% from the day after the funds are deposited as per all accounts, it's calculated daily.

savetilibleed

I was told on the phone yesterday that the address to send ISA transfer form to was Leicester (it says Bradford in the instructions online). In my pack I got today in the post, it includes a transfer form an envelope and guess what - both are Bradford. Gotta laugh :rotfl:

Also - there is a difference between the paper form and the electronic one (apart from the address), in Section 5 the Declaration Authority.
On the printed form there are two tickboxes,

• I apply to subscribe for a Cash ISA for the tax year 2011/2012

Or

• I apply to subscribe to a Cash ISA for the year 2012/2013

On the electronic form there are no tickboxes for the is section only the first statement re 2011/2012.

Thing is I'm not actually subscribing in 2011/2012 merely transferring. Any subscribing (new money) will be in that tight slot in April (in the 2012/2013 year) that they permit.

evenasus

savetilibleed wrote: »

I was told on the phone yesterday that the address to send ISA transfer form to was Leicester (it says Bradford in the instructions online). In my pack I got today in the post, it includes a transfer form an envelope and guess what - both are Bradford. Gotta laugh :rotfl:

Also - there is a difference between the paper form and the electronic one (apart from the address), in Section 5 the Declaration Authority.
On the printed form there are two tickboxes,

• I apply to subscribe for a Cash ISA for the tax year 2011/2012

Or

• I apply to subscribe to a Cash ISA for the year 2012/2013

On the electronic form there are no tickboxes for the is section only the first statement re 2011/2012.

Thing is I'm not actually subscribing in 2011/2012 merely transferring. Any subscribing (new money) will be in that tight slot in April (in the 2012/2013 year) that they permit.

You have gotta laugh. - I'm in exactly the same position as you.

I did ask for two transfer forms but they've only sent one.

Also, anyone tried to print the electronic form yet?
I can't get the darn thing to print - keeps saying 'The Date cannot be in the future'

What date? The only date you can enter is your date of birth and it certainly isn't that.

EDIT: Sussed the print problem.

I'd kept a copy of the electronic form on the 9th - so the form was dated 9/03/2011.
I was trying to print it today - the 10th. The message should have read 'The Date on the form cannot be in the past.'

I altered the date on my laptop to the 9th - sorted.

jcb208

Had the email with the transfer PDF but not sure If I have used the correct address for the banks Im transfering from.Got it from a sort code address finder on the web.Any one take a quess of the correct address for sort code 11-03-06 and 20-44-97 Cheers

Lee76

This might be a stupid question, but are you able to transfer an ISA opened and funded in this tax year before the tax year is over? In other words, I opened and funded an ISA with Santander in May - am I now able to transfer this to the new 2 year ISA and then fund next tax years ISA allowance after 6th April, or do I have to wait until the new tax year to transfer?

savetilibleed

Lee76 wrote: »

This might be a stupid question, but are you able to transfer an ISA opened and funded in this tax year before the tax year is over? In other words, I opened and funded an ISA with Santander in May - am I now able to transfer this to the new 2 year ISA and then fund next tax years ISA allowance after 6th April, or do I have to wait until the new tax year to transfer?

Short answer - Yes. Website says you need to visit a branch for that. But a phone call might be simpler.

Siobhan789

Lee76 wrote: »

This might be a stupid question, but are you able to transfer an ISA opened and funded in this tax year before the tax year is over? In other words, I opened and funded an ISA with Santander in May - am I now able to transfer this to the new 2 year ISA and then fund next tax years ISA allowance after 6th April, or do I have to wait until the new tax year to transfer?

Yes u can do it now jus call and ask to upgrade and it will change straight away

DreamerV

I opened an ISA with Santander for 10/11 (full amount) April 4th or 5th 2011. This is maturing 4th or 5th April 2012 (11/12). I have used my full allowance with Governor Money 11/12.

Can I transfer the money from the old Santander ISA to the new 4% 2 yr fixed rate, even though I can't pay in new money this tax year (and already have opened an ISA this year and subscribed money to it)? I wouldn't want to use the new ISA to pay money into as I can't afford to put in the full amount in a lump sum, and don't want to put in the £1500 I will be able to afford, as that would mean losing the rest of my allowance.

Also, the £1 minimum deposit as written on MSE, is that correct? As when you click through to the product, it says no minimum deposit? I assume that even if you just transfer with no new deposits, you still get the 4% on the transferred balance. I do not want to put in a £1, as I won't be able to put in money elsewhere then as I begin to build up money during the year.

I also take it I could still open a different ISA next tax year and deposit into it, even if my current Santander one is transferred into the new Santander one in the new tax year.

Thanks in advance.