Natwest e-ISA

pardal51

pardal51 wrote: »

I am planning to apply online today and open an e-ISA for tax year 2012-2013 (as there is an option during the account opening process). Will complete a transfer form and ask them to transfer funds when my Halifax ISA Saver Direct (previous Direct Rewards Isuee 4) matures - 17 April 2012.

Hope this is okay.

Can not do it online, they are asking me to pop into branch to complete application.

I will try tomorrow online again.

foreversummer

I'm surprised Martin has not noticed this one. In fact, when he doesn't it makes me worry that I am missing something?

If you deposit over £10000 the rate goes to 3.25% as well. So I am thinking of transferring this years ISA now, then adding next year's money after 6th April and once it gets over £10000 it will go up to 3.25%. And have everything in one place.


Foreversummer

SavingSteve

foreversummer wrote: »

I'm surprised Martin has not noticed this one. In fact, when he doesn't it makes me worry that I am missing something?

If you deposit over £10000 the rate goes to 3.25% as well. So I am thinking of transferring this years ISA now, then adding next year's money after 6th April and once it gets over £10000 it will go up to 3.25%. And have everything in one place.


Foreversummer

If you want everything in one place why not Santander's 3.3% Direct ISA, which allows transfers in.

AirlieBird

foreversummer wrote: »

I'm surprised Martin has not noticed this one.

He has. It is all there in the ISA Transfer article.

foreversummer

SavingSteve wrote: »

If you want everything in one place why not Santander's 3.3% Direct ISA, which allows transfers in.

Won't deal with Santander. Have had a couple of bad experiences in the past.

Thanks though.

lisyloo

[Can you open this ISA, and just leave it empty until the next tax year?

Great idea, but why not leave it empty until the 16th of the next month, if you have more than 2.5% elsewhere.
As such I've have opened it today - note not much time left to open it in March.

If you want everything in one place why not Santander's 3.3% Direct ISA, which allows transfers in.

1. Lower rate (slightly).
2. Awful follow on rate 0.5% vs Natwest 2.5%.
3. Absolutely dreadful reputation for service.

foreversummer

AirlieBird wrote: »

He has. It is all there in the ISA Transfer article.

Well, so it is. It didn't catch my eye because I was put off with the miniumum £30000 (that would be nice!). Didnt read down from there.

Thanks

ceejayblue

It says initial deposit must be £30K, I've got around £27K in a Nationwide ISA at 3.1% and £5340 in a current ING one which I am looking to move but as I can't do it till after the end of the current tax year I can't put 30K into a NatWest one and the online application ends today so I'm likely to miss out on it!

foreversummer

I don't think it is necessary to put it all in at once. You will just get the lower rate, either 3% or 3.25%, until you get the full £30000 in.

I asked them because I am going to transfer approx 5.5k in from a previous ISA, but as soon as I deposit next years full amount after 6th April and go over the £10000 I will earn 3.25%.

Foreversummer

ceejayblue

I might look at it again then, although I think I did see somewhere that they are a bit misleading saying that you get the full rate as over the whole year it doesn't work out at that rate because of the first month at the lower rate. Does that make sense?