Santander 2year fixed isa @ 4%

DreamerV

Siobhan789 wrote: »

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

Can you upgrade even if the full year isn't up yet?

whiteside

DreamerV wrote: »

Can you upgrade even if the full year isn't up yet?

Assuming you not in a fixed term Isa then yes. I had the santander loyalty flexible isa opened mid April 2011 and upgraded this to the 2 yr fix at 4% last week. Kept same account number and was done over the phone without any pain. Upgrade showed immediately online.

DreamerV

Whiteside, thanks for that. I am fixed term, but runs out April 4th. I will go into branch April 5th and ask them to transfer to new 4% rate, but explain to them I am not planning to put any "new money" in

MOPI

I was just wondering if anyone got a confirmation on the maturity date of this account, as some are saying that its 2 years from account opening and then others are stating its sometime in May in 2014. Which is correct?

Thanks in advanace!

savetilibleed

DreamerV wrote: »

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.

If you are transferring, the minimum deposit is not an issue, whether MSE info is right or wrong (or Santander :rotfl:).

Yes you can open an ISA and fund in the new tax year. You will have applied to transfer in the current tax year so even if the process takes you into the next that doesn't matter.

DreamerV

Thanks savetilibleed, I wans't sure if the deposit included transfer money or only "new money" but you have answered that. Right, thanks to you all, I have a plan of action. Now just to decide on a definite ISA for next tax yr (for new money) that allows me to build up money over the year.

Thanks everyone, much appreciated.

badger09

MOPI wrote: »

I was just wondering if anyone got a confirmation on the maturity date of this account, as some are saying that its 2 years from account opening and then others are stating its sometime in May in 2014. Which is correct?

Thanks in advanace!

From the terms & conditions for this account, maturity date is 1/5/14

MOPI

badger09 wrote: »

From the terms & conditions for this account, maturity date is 1/5/14

Oh right, thanks for that!

Siobhan789

DreamerV wrote: »

Can you upgrade even if the full year isn't up yet?

Yeah u can If u wish

Siobhan789

DreamerV wrote: »

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.

Yeah u can can, with regards to the min ur transfer counts so u don't need to put in £1