Cash ISAs: The Best Currently Available List

TiVo_Lad

moneyfoolish said:

alternate said:

You can open the Santander with a zero balance. It was showing on my account within minutes.  I later filled out the transfer form.

Can you open the Santander Fixed ISAs with a zero balance and then move money in after April 5th and also do a partial transfer from one of your old cash ISAs? I want to open the account but wait for a while in case better rates arrive following the latest rate increase.

From the Santander Website:

Transferring ISAs from other providers

You can transfer ISAs you have with other providers at any time, but we must receive the transfer request within 14 days of when you open your Santander ISA. The money you’re transferring must reach your Santander ISA within 30 days of opening. 

Before you transfer your ISA to us you’ll need to consider these points:

• We don't charge a transfer fee but other providers may. 
• You can transfer some or all the money that you’ve paid into an ISA in previous tax years. If you want to transfer money that you’ve paid into an ISA in the current tax year, you’ll need to transfer all of it. 
• If you transfer an ISA in full to us and have built up previous tax year flexible allowances with your current provider, you’ll lose that allowance when you move to Santander. 
• If you want to use the flexible allowance you should re-deposit into your existing ISA before you transfer to us.
• Transferring money out of a Help to Buy: ISA will impact the bonus you may receive.

alternate

I think the poster meant open it now and fund it with new money from next years allowance - rather than transfer in.

moneyfoolish

alternate said:

I think the poster meant open it now and fund it with new money from next years allowance - rather than transfer in.

I wanted to open it without funding and then decide whether I fund it with a partial transfer and/or money from next year's allowance after April 5th.

subjecttocontract

No you cant.
You can open with a zero balance if you intend to transfer an existing ISA into the new account.
If you are paying new money in its £500 minimum.

FB13

moneyfoolish said:

alternate said:

I think the poster meant open it now and fund it with new money from next years allowance - rather than transfer in.

I wanted to open it without funding and then decide whether I fund it with a partial transfer and/or money from next year's allowance after April 5th.

You have 14 days to make a transfer request. 6 April, the beginning of next year, is less than 14 days from now. If you claim when opening the account that you will fund it via a transfer, never submit the request but pay in more than £500 on the 6th, it seems to me that it is unlikely that Santander would return your money and close your account. 

Might be a different story if your account has a zero balance on day 15 though

aaj123

I find the 'Skipton Base rate tracker (guaranteed BOE - 1.25% for 24 months) Flexible ISA' to be a very good candidate as the account to use all through the year as your saver. It will move along with BOE for 2 years (not to be sniffed at) and allow withdrawals and replacement all through the year due to being Flexible and you get the current 3.0% rate tax free. And add to this the perk of being able to deposit using a debit card so acts as a solution for your Halifax reward saver criteria too.

bristolleedsfan

aaj123 said:

. And add to this the perk of being able to deposit using a debit card so acts as a solution for your Halifax reward saver criteria too.

Not a perk of that particular account, can deposit into all Skipton Instant Access online accounts by debit card.

aaj123

bristolleedsfan said:

aaj123 said:

. And add to this the perk of being able to deposit using a debit card so acts as a solution for your Halifax reward saver criteria too.

Not a perk of that particular account, can deposit into all Skipton Instant Access online accounts by debit card.

Yeah I just meant that the skipton tracker isa ticks an unusual number of boxes that one would typically look for in an isa.

moneyfoolish

subjecttocontract said:

No you cant.
You can open with a zero balance if you intend to transfer an existing ISA into the new account.
If you are paying new money in its £500 minimum.

But, if I transfer an existing ISA into the account, am I then allowed to add new money for 2023/24 tax year?

Consumerist

moneyfoolish said:

subjecttocontract said:

No you cant.
You can open with a zero balance if you intend to transfer an existing ISA into the new account.
If you are paying new money in its £500 minimum.

But, if I transfer an existing ISA into the account, am I then allowed to add new money for 2023/24 tax year?

From what has gone before, it seems likely you'll need to make any additional cash contributions within 30 days of opening the account. So when you say you want to wait a while to see how other rates move, it will need to be a short while and after 5 April if you want to use the 2023/24 ISA allowance.

I would suggest you confirm this directly with Santander.

Edit

You may find their <summary box> of some interest.