Santander Loyalty Flex ISA, i1 Interest paid

adindas

I just notice, I have got interest for my Santander Loyalty Flex ISA, i1 Interest paid that I saved last year.

The interest is paid on March 2 although although I opened it on April 02, 2011.

So if you have Santander Loyalty Flex ISA, i1 opened last year, you might want to check it.

My understanding we still need to keep it until it reaches 12 months as it still pay a very good interest of 3.5%.

rb10

adindas wrote: »

My understanding we still need to keep it until it reaches 12 months as it still pay a very good interest of 3.5%.

No, it is an instant access account, which can be closed/transferred at any time. There is no requirement to hold it until it has been open for 12 months.

Siobhan789

You don't need to keep it for 12 months jus with Santander instant access isa ie loyalty flexible, flexible and the direct isa all pay interest on the 1st march no matter when it was opened

adindas

rb10 wrote: »

No, it is an instant access account, which can be closed/transferred at any time. There is no requirement to hold it until it has been open for 12 months.

Yes I am aware about that but I could still enjoy the high interest rate of 3.5% a few more days until April 02. What I am going to do is one week before April 02 (end of 12 month period), I will start processing transfer to my Online ISA i3 to benefit ISA promise. What do you think ...

Siobhan789

Yeah u will still get 3.5% until april