Barclays ISA new launch 6.5% (merged)

mroller

you can get 5.85% with Nationwide if you fix the rate for 1 year.

KTF

jinkssick wrote: »

I opened a NS&I at 5.80% and put £1,000 when I opened it which was the beginnings of March. I now feel like changing to this one, is it worth it seeing as they are going back to 5.5% in a years time.

Can I cancel NS&I as the new year aint started?!

Barclays dont allow transfers in.

torbrex

jinkssick wrote: »

I opened a NS&I at 5.80% and put £1,000 when I opened it which was the beginnings of March. I now feel like changing to this one, is it worth it seeing as they are going back to 5.5% in a years time.

Can I cancel NS&I as the new year aint started?!

If you can do it you should max out your NS&I befors the end of the tax year and start a new one in Barclays in April for next year.

jinkssick

KTF wrote: »

Barclays dont allow transfers in.

but couldnt i just put the 1k BACK into my main current account. then transfer it to the Barclays ISA?! or is there some complication to do this.

thumshie

jinkssick wrote: »

but couldnt i just put the 1k BACK into my main current account. then transfer it to the Barclays ISA?! or is there some complication to do this.

No you can't.
See
http://www.portman.co.uk/savings/important.asp
(at the bottom) and
http://www.hsbc.co.uk/1/PA_1_5_S5/content/uk/pdfs/en/cash_mini_isa_key_features.pdf
and
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&target=_self&task=articleFWgroup&value=7599
(point 5) I beleive these are Isa rules, not from the two banks/BS in case.

As you've opened an isa, if you close it you can't open another isa in the same tax year. If however you're within 14 days of opening your NS&I you may be able to cancel..check with NS&I

Pinklepurr

I'm considering the new Barclays Isa. Can someone pls tell me if I open the account and put in 3k before 5 Apr, then add another 3k immediately after - how much interest will that 6k earn over 9 months (need to access the money in Jan 08). I'm rubbish at working with figures. Thanks!

jem16

Approximately £290.

Kazza242

Pinklepurr wrote: »

I'm considering the new Barclays Isa. Can someone pls tell me if I open the account and put in 3k before 5 Apr, then add another 3k immediately after

Yes, I believe you can. The isa permits 'new money' only and as your 2006/07 & 2007/08 deposits would both be 'new money' I think this would be permitted. Also the T&C's state that the max sum you can deposit of £3,000 per tax year.

Tax Beater Cash ISA – specific terms and conditions March 2007

These terms and conditions are in addition to the general terms and conditions of the Barclays Mini Cash ISA dated March 2007 and should be read in conjunction with them.
2 The maximum sum you can deposit is £3,000 per tax year irrespective of any withdrawals.

cs27

Anyone know if you can pay money in/withdraw money out via Barclays online banking? Doesn't seem to say in the t&c's, just mentions that withdrawals are instant and can be done over the phone, in writing or at a branch.

Has anyone with Barclays standard cash ISA used internet banking for this?

Many thanks!

moneyspider28

Lots of providers have launched some good ISA's. I think the top accounts are ING, N&S & Barclays. When I was looking to transfer my ISA to a so called best buy I found Abbey (8.10% - half in ISA half in a growth bond), Scarborough 6.10%, but you have to give 30 days notice, Derby 6.00% on 120 days. It depends on if you want to keep your ISA together or if you don't mind leaving post of cash with different providers. Will all these ISA's be avalible in the new tax year though?