Cash ISAs: The Best Currently Available List

Kazza242

temba wrote: »

Does anyone know if Barclays, Abbey or Northern Rock charge you for transfering FROM their ISAs?

No, Barclays and Abbey do not charge or penalise you for transferring your ISAs held with them to another provider. If you transfer out of the Northern Rock 1 year fixed rate ISA, before 15.04.2008 (the maturity date) you will lose 60 days' worth of interest - which is pretty much standard for fixed rate ISAs. If you wait until your NR ISA matures you will not be charged or penalised.

temba wrote: »

I'm thinking of opening a new Isa with Barclays or NR for this year's allowance and ALSO transfering my previous years' allowances from Abbey Postal (now a poor rate in comparison) to possibly Abbey Direct, or Northern Rock. How does this sound? Is it okay for me to open one isa then transfer to another?

Sounds pretty sensible. Transferring your existing Abbey Postal ISA to the Direct ISA makes more sense if you have a £9K or more balance, as you'll qualify for the higher rate of 5.75% and as the transfer would be internal you shouldn't lose any interest. If you don't have £9K of existing ISAs, then the NR ISA sounds like a better option.

temba wrote: »

Is it okay for me to open one isa then transfer to another?

Yes, ISA rules do allow you to open a new mini cash ISA and transfer existing ISA savings to a new provider in the same tax year.

temba

Thanks Kazza, you are great! :T

MrHelpful

Hello,

I need some help with ISAs and this seems the forum to ask in! Basically I have about 8 different ISAs opened over the years and I am losing track of them therefore want to transfer these all into the one ISA account. Is this possible? In total I think I have 25k+

Can anyone let me now if I can transfer more then one ISA into a account?
Reccomendations?

Thank You

KTF

Yes you can transfer multiple ISAs into one account. Look on the first page of this thread for ones that accept transfers in.

hvaghela

Hi and a special thanks to Kazza for all his/her hard work.

My question is simple (i think). I'm thinking of transferring my ISA (already deposited this year's £3000) to nationwide 2 year fixed rate. However it states on their T&C "Once open, you will not be able to pay in additional funds" - Does that mean I can't deposit next years allowance in April '08?

Kazza242

hvaghela wrote: »

Hi and a special thanks to Kazza for all his/her hard work.

I'm glad the list of ISAs has been of help to so many people.

hvaghela wrote: »

My question is simple (i think). I'm thinking of transferring my ISA (already deposited this year's £3000) to nationwide 2 year fixed rate. However it states on their T&C "Once open, you will not be able to pay in additional funds" - Does that mean I can't deposit next years allowance in April '08?

Your understanding of the T&C's is correct. Once the ISA has been opened you are allowed to top it up to the full allowance for this tax year (and transfer in existing ISAs). However, they do not allow customers to add to the ISA next tax year (April 6th 2008).

malcolmwilliamson

I have recently transferred all my ISAs up to 2006-2007 to Abbey Direct.
I haven't yet taken up an ISA for this tax year.
Financial pundits all reckon that interest rates are set to rise again soon so I'm waiting for a month or two to see which is the best buy then. Is that a good idea?

square-eyes

I went to my local Barclay's branch clutching my mini cash ISA forms and cheque to open a new ISA. They sit you down and give you the third degree asking all sort of financial questions. I quite expected them to measure my inside leg just for luck.
I suggest you lie and make it all up. Say you are an impoverished pensioner almost on the bread line. That way they will not keep pestering you to sell you something else. After all you don't give your answers under oath!

:eek:

KrazyKash

Hello:cool:

Sorry if this seems like a silly question. In an ISA (or any saving account) than pays interest annually (say March 2008) - if one was to put £3000 in now would the interest not be higher (once paid out in March) than if the deposit was made later eg December?

Optimist

KrazyKash wrote: »

Hello:cool:

Sorry if this seems like a silly question. In an ISA (or any saving account) than pays interest annually (say March 2008) - if one was to put £3000 in now would the interest not be higher (once paid out in March) than if the deposit was made later eg December?

Yes that is correct