7% First Direct ISA?!?!?!?

MoneySaverLog

Ultrasonic wrote: »

Think I'd be pretty sure this is info. for an account no longer available too. Twelve monthly payments of £300 would equate to the £3600 cash ISA limit for the 2009-10 financial year. I can't really see any bank offering a regular ISA that wouldn't let you invest your full £5640 entitlement by the end of the year.

That does make sense as I'd expect the monthly payments to be max of £470 now.

Ultrasonic

MoneySaverLog wrote: »

That does make sense as I'd expect the monthly payments to be max of £470 now.

Yes, that's the monthly limit for the Nottingham Building Society regular saving ISA mentioned above - I just checked.

penrhyn

I have not darkened the door of the Nottingham building Society since thwe refused me a mortgage in 1979, I had a savings account with them too, walked across the road to the Abbey National and was offered one on the spot. Pity they lost their way.
FYI I have a First Direct account for over 15 years never had a complaint.

Perelandra

Assuming this is a new product:

It would need to be more than £470 for the 2012/13 tax year now, since we're now in to June.

MoneySaverLog

Perelandra wrote: »

Assuming this is a new product:

It would need to be more than £470 for the 2012/13 tax year now, since we're now in to June.

I know FD let you "catch up" with their regular saver for anything you've not paid in the max of £300 a month.

As I doubt this ISA is even available, but if it was I suspect you'd be able to catch up at some point, or just before the end of the tax year.

Ultrasonic

Perelandra wrote: »

It would need to be more than £470 for the 2012/13 tax year now, since we're now in to June.

Well it wouldn't 'need' to be, the product could (and probably would) be designed with a full year in mind. But for what it's worth the Nottingham BS regular ISA (proper name: Starter ISA issue 2) lets customers make a final top-up payment in March 2013 to reach the £5640 limit.

Perelandra

Just read the footnote in that PDF... it confirms that the product's no longer for sale.

thenudeone

Careful_ly wrote: »

The best regular saver isa available is The Nottingham building society paying 5%, but needs to be opened in branch, so only suitable if you live near to a branch.

The Nottingham website states it's branch only but it can be opened by post, as reported here: https://forums.moneysavingexpert.com/discussion/3893373

Ultrasonic

Perelandra wrote: »

Just read the footnote in that PDF... it confirms that the product's no longer for sale.

Well spotted. I'd stupidly assumed the '(6)' referred to something like issue 6 of that ISA rather than a footnote .

MoneySaverLog

Ultrasonic wrote: »

Well spotted. I'd stupidly assumed the '(6)' referred to something like issue 6 of that ISA rather than a footnote .

Me too :D:D