Transfering ISA to Santandar

xlickle_cutiex

Hi everyone

Sorry is this has already been covered but just a quick question. I'm transferring my ISA from nationwide to Santandar am i required to open a current account with also or is Santansar ISA's stand alone?

Thanks for the responses in advance.

gwapenut

No current account required if you want 2.5% var or 2.8% fixed. For 3.0% fixed, you need their 123 current account.

ERICS_MUM

I've a question about their 123 account. The ad says you can transfer existing ISAs into Santander - does this mean you'll get the same interest rate on them as you will on the new Santander ISA ? I assume they will roll the existing ISAs into the new ISA but is this so ?

Also does anyone know if ISAs are shown on Santander's online banking product ?

Thanks

Linda xx

gwapenut

Yes, transfers - internal or external - get the same rate as new money for all 3 of their current ISAs.

You see your ISAs on your online banking screen, but have the option in online banking to hide them from the home screen if wanted, as with all their accounts.

innovate

gwapenut wrote: »

For 3.0% fixed, you need their 123 current account.

Or the 123 Credit Card, which, like the 123 Current Account costs £2/mth.

You will get the credit card free for 12 months if you take out the current account, and most people can make a lot more than£2 from the monthly cashback on the current account.

The cashback on the credit card might also pay the £2/mth, particularly if you get a lot of petrol or buy a lot of certain train/transport tickets (up to £9/mth back).

Calculator: http://www.santander-products.co.uk/banking/calculator/123dual.html

There is also a cashback offer on Quidco/TCB for both but like all forms of this cashback, you should consider it as a bonus rather than as a certainty.

modernista

Hi I am also thinking of transferring an old ISA and putting some extra for this years allowance. Quoting below from website,

"Earn 2.50% AER tax free (variable) for the first 12 months"

Does this mean they can change interest within 12 months?

Can anyone post me links if this has already been covered as mentioned by originator of the thread.

Also how do I post a new thread- can't seem to find the button!

Thanks

ColdIron

modernista wrote: »

Also how do I post a new thread- can't seem to find the button!

Thanks

It's a secret, you have to go through the MSE initiation ceremony first