Santander flexible isa 3

homerhotspur

I opened this account on 2/5/11, the rate was guaranteed to be 2.8% above bank base rate for 12 months, effectively a 3.3% fixed rate as it turned out. I have now had a letter advising the 12 months ends on 2/5/12 and also states ' at maturity, a 12 month variable bonus will apply'. Given that I have already received interest on 2 March 12( it seems they pay on that date irrespective of opening date) is there some reason I should wait until 2 May before moving it to another account?

SallySunshine

I transferred my flexible ISA before my 12 months were up and still received the full 3.3%.

So no reason to wait until maturity date if you have seen a better offer.
Also they were pretty quick in transferring to my new provider.

ejv

I had the same one running from 15/4/11 to 14/4/12
That is an Instant ISA and you can transfer out any time.
I went to bank and "upgraded" it to ISSUE 9 @3.3% on 6/4/12 ie a week before the rate drops.
This ISA runs 365 days from date of opening, but interest is always paid on 1st March