Anyone know how to re-activate a Natwest e-ISA?

innovate

coldhandoff wrote: »

You'll need to go to the branch to fill out an isa reactivation form.

ses6jwg wrote: »

needs an isa declaration signed

must go to branch

Sure, that's the technical answer to re-activating an ISA.

But why would anyone want to re-activate an ISA that - with 99.99% certainty - pays a fraction of the interest you can get if you put your money into a new ISA? Even the worst new ISA is very likely to pay a multiple in interest compared with the old ISA.

See my earlier post.............

falldown7timesgetup8

1940sGal wrote: »

I've not really considered opening a new one to be honest. I like the idea of staying with Natwest so I can just go online and transfer between my accounts with very little fuss.

I opened it round about the time I started uni, so 3 years.

Oh and limits/allowance aren't really an issue, I won't be putting that much away haha

Im with the Natwest, do EVERYTHING with them and recently went to activate my old ISA - discovered that if i opened their NEW e-ISA instead (i just did it all online, and had the account in 1/2 days) - I got a MUCH higher interest rate :j

coldhandoff

innovate wrote: »

Sure, that's the technical answer to re-activating an ISA.

But why would anyone want to re-activate an ISA that - with 99.99% certainty - pays a fraction of the interest you can get if you put your money into a new ISA? Even the worst new ISA is very likely to pay a multiple in interest compared with the old ISA.

See my earlier post.............

Who cares. That's what they wanted to know hence the answer being provided.

innovate

coldhandoff wrote: »

Who cares.

I do, actually.

Costs me nothing to point out a seemingly obvious and better alternative. I would appreciate if people told me I can get a better deal than I thought I could - - wouldn't you?

EDIT: PS: I just noticed you sign your posts "I work for Natwest."

SnowTiger

falldown7timesgetup8 wrote: »

Im with the Natwest, do EVERYTHING with them and recently went to activate my old ISA - discovered that if i opened their NEW e-ISA instead (i just did it all online, and had the account in 1/2 days) - I got a MUCH higher interest rate :j

EVERYTHING? The banks love customers like you.

So, what interest rate are you getting? 2%, 2.25% or a whopping 2.5%? :rotfl:

http://www.natwest.com/personal/savings/g2/isas/e-isa.ashx

falldown7timesgetup8

A MASSIVE 2% - im going to be rich imminently just from the interest!

1940sGal

I was looking at one with Virgin after someone mentioned opening a new one with someone else.

I have no idea if this is good or not http://bank.virginmoney.com/savings/find/virgin_easy_access_cash_e_isa/overview/

When it says 'allows transfers in' does that mean transferring from one ISA to the new one? Because if so that doesn't apply to me considering I have nothing in my ISA to transfer.

innovate

1940sGal wrote: »

..... considering I have nothing in my ISA to transfer.

If you have nothing at all in your old ISA, just ignore it. Don't even bother to close it.

Open a new one wherever you get the best deal for the money you can put into an ISA.

"Having a cash ISA" doesn't mean you have one single ISA with one single bank - you can have plenty of ISAs - -- e.g. one per tax year, one per several tax years, and you most certainly are not bound to a single bank with your ISAs.

As to whether the Virgin ISA you looked at is competitive - have a look at this thread https://forums.moneysavingexpert.com/discussion/401374.

Only you can say which one you think is best for you.