Santander ISA's launch on 8th March

TallGirl

My DH opened the 123 Major ISA today via phone as I couldn't work out how to do it online. He qualified as he has a 123 Credit card so in case you want the 3% and don't have a 123 current it might e worth it. I think he will switch to the 123 acc at some point it's just all our house hold DDs come out of a joint account. He suffers with short term memory loss so the less complicated the better.

Anyway account was ready to be transferred into online straight away and we are golfers so come on Rory.

SephirothX

I have the solution to those of us who can't open the transfer form.

You have to use Internet Explorer. Terrible I know, but it seems they are using some technology where you can edit the PDF online, which Adobe doesn't support in Firefox and Chrome. There's a nice alert saying do not hand write anything on the form so you have to fill it in and print it this way.

nokia1100

innovate wrote: »

Might not be a bad idea to get to the bottom as to why your details have apparently been matched with someone else's details before you put any money into this account.

I got that stuff last time (must have only typed one letter at the end of my surname instead of the two as that's what the paperwork came back with). I had to photocopy my driving licence etc and post those. Check for similar problems.
In my covering letter I told them they might as well get my middle name spelt right (there are two common versions and they get it wrong nearly every time).
That's the extent of my Santander aggro so I might have got off lightly so far!

SephirothX

Why do they make this needlessly complicated? I finally got round to signing up for the Santander ISA so that I can transfer my ISA into it from another provider, and then on the declaration page they hit me with this:

"I have not subscribed and will not subscribe to another Cash ISA in the same tax year as I subscribe to this Cash ISA"

Any ideas? Of course I have subscribed to another cash ISA this year, that is why I have one available to transfer!

tracendaz

As I understand it, "subscribe" in ISA-speak means "pay fresh money into", and therefore signing up or transferring funds from an old ISA doesn't count as "subscribing".

HTH,

Tracendaz.

SephirothX

Yeah I discovered pretty much what you said when Googling around. Seems it's just bad wording. I should be pretty much sorted now once I print and send this transfer form tomorrow.

katies_mum

Hi wondered if someone can asnwer this please, the Major Isa 2.8% pays interest annually on 1st May, but if we open an account today how does this work? as 2 years would be up 17th March 2015.
Interest is calculated daily and added to the account on 1 May annually.
Sorry if I`m missing something!

rb10

katies_mum wrote: »

Hi wondered if someone can asnwer this please, the Major Isa 2.8% pays interest annually on 1st May, but if we open an account today how does this work? as 2 years would be up 17th March 2015.
Interest is calculated daily and added to the account on 1 May annually.
Sorry if I`m missing something!

It'll pay interest on 1st May each year, and also on closure.

So if you close as soon as the fixed period ends, you will receive interest on 1 May 2013, 1 May 2014 and 17 March 2015.

lemonjelly

What happens if you hold a 123 account or credit card at the time of opening, but close it during the fixed period. Does the isa then revert to the major isa paying 2.8%?

funnyguy

That 3% rate came just in time as my wifes SAntander issue 9 3.3% rate finished just 2 days after the 123 isa came out.So I am holding off the premium bonds for now.