ISA 2.55% Leeds building Society

adindas

innovate wrote: »

If you want to pay into your old ISA, only transfer (using the transfer form) into the Leeds ISA. I would suggest £100 rather than just £1. At the very worst, you might lose £1.70 if you do that(*)

.......
(*)
£100 @ 4.25% AER for 12 months: £4.25 interest
£100 @ 2.55% AER for 12 months: £2.55 interest
Delta: £1.70
Of course, you wouldn't be able to get 4.25% for 12 months, so the delta is even less. So much less that I cba spending another nanosecond on what my "loss" on £100 would be.

Do not understand about this could you please elaborate it more. Why you are recommending minimum of £100 ?

innovate

Just because £100 sounds a bit more serious than £1 and Leeds probably won't think £100 is taking the proverbial. No other reason. Though I might be wrong, may be it should be more, may be it could be less.

grantmo

adindas wrote: »

Just open my account just took about 10 minutes to open. I will add my new ISA 2013/2014 in on the top my existin ISA from previous year which is currently in Nationwide Flexclusive ISA paying 4.25% until October 31th.

By the October 31th when my Flexclusive ISA in NW is maturing, I will be transferring to this ISA (given I could not fins anything better than this at this time).

Could anyone see whether there is anything I have missed here ?

My second question. I wanted to transfer £5 from my existing ISA in NW to Leeds but I could not find the transfer from.Where to find the ISA transfer form online or which phone number to call to ask for one?

I am aware that for new ISA the first payment will need to be done by Cheque but I am not open a new ISA just want to do partial transfer of £5 e.g from the previous year subscription in NW.

Transfer form is here http://www.leedsbuildingsociety.co.uk/savings/pdf/isa_transfer_form.pdf

innovate

adindas wrote: »

My second question. I wanted to transfer £5 from my existing ISA in NW to Leeds but I could not find the transfer from.Where to find the ISA transfer form online or which phone number to call to ask for one?

Please read back, I posted a link to the transfer form at 20:34 tonight.

adindas wrote: »

I am aware that for new ISA the first payment will need to be done by Cheque but I am not open a new ISA just want to do partial transfer of £5 e.g from the previous year subscription in NW.

Again, please read back a few posts. If you want to transfer just £5 (as opposed to £100), that's your choice, just be sure you fill in the right bits on the transfer form.

veryintrigued

adindas wrote: »

Just open my account just took about 10 minutes to open. I will add my new ISA 2013/2014 in on the top my existin ISA from previous year which is currently in Nationwide Flexclusive ISA paying 4.25% until October 31th.

By the October 31th when my Flexclusive ISA in NW is maturing, I will be transferring to this ISA (given I could not fins anything better than this at this time).

Could anyone see whether there is anything I have missed here ?

My second question. I wanted to transfer £5 from my existing ISA in NW to Leeds but I could not find the transfer from.Where to find the ISA transfer form online or which phone number to call to ask for one?

I am aware that for new ISA the first payment will need to be done by Cheque but I am not open a new ISA just want to do partial transfer of £5 e.g from the previous year subscription in NW.

Similar here but you're assuming (as has been stated on this and other threads) that the LBS will still be 'open' at the end of Oct. As Innovate has illustrated, if not, the loss is minimal and you can look for another type of LBS in the mean time and perform this again.

Fingers crossed it'll be still 'open' as I had an (instant savers)account with LBS a few years ago and it was very smooth.

typistretired

adindas see link posted by innovate send off your new isa application and transfer form together with the freepost address given at the top of the transfer form.

innovate wrote: »

I came across the transfer from on the application page, but here is the link:
http://uk.sitestat.com/leedsbs/leedsbs/s?ISA_Transfer_Form&ns_type=pdf

Make sure you tick the right boxes on the form:[/B]
[/LIST]For transfers from Nationwide, I think you need to specify the Roll number of your Nationwide ISA.

Innovate

Nationwide ISA does not have a sort code searched their question and answer page and they said online isa does not have a roll number.

badger09

innovate wrote: »

Just because £100 sounds a bit more serious than £1 and Leeds probably won't think £100 is taking the proverbial. No other reason. Though I might be wrong, may be it should be more, may be it could be less.

My thoughts exactly, as I think I've posted elsewhere

I worked out the lost interest on £100 to be about 93p, and the potential gain to be at least £30 (based on my own Flexclusive ISA balance) so I won't be losing any sleep .

typistretired

I wouldn't be surprised that Nationwide bring out a better isa later in the year as an awful lot of money is going to transfer out of their isas September, October and November 2013

KTF

Will you still be able to transfer into this when the Nationwide bonus expires in October?

badger09

KTF wrote: »

Will you still be able to transfer into this when the Nationwide bonus expires in October?

That's the plan

Only 93p at stake