ISA 2.55% Leeds building Society

veryintrigued

typistretired wrote: »

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

Or alternatively they may be pleased when this period ends and already have strung up the analysts who suggested this ISA!

innovate

typistretired wrote: »

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

Don't hold your breath.

Given the debacle over that Flexclusive ISA, Nationwide probably can't wait for October 31, when all the rate tarts (me included) will take their expensive money elsewhere.

adindas

Those who has missed this opportunity and currently holding Flexclusive ISA paying 4.25 until October 31, 2013 and has top up this current year subscription so already have £10,000+

You could consider Nationwide Web ISA Issue 3, 2.25% for the balance of £10,000+

http://www.nationwide.co.uk/savings/...sa/default.htm

- It is a substitute for Leeds BS online ISA 2.55%, I understand it is now closed.
- Much easier to move when your Flexclusive ISA 4.25% is maturing on October 31, 2013 so effortless movement and do not need to open a new ISA with another provider ?

The only bad things is that it will need at least £1000 to open. I already manage to open LBS online ISA, but since I am also considering this, I might let my LBS to default/close (buy not transferring any money within required 30 days window).

I have opened a new thread here to allow us to discuss the benefits as well as drawbacks we might be having.

https://forums.moneysavingexpert.com/discussion/comment/60501855#Comment_60501855

Ten brains and pair of eyes is better than one ...

veryintrigued

veryintrigued wrote: »

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.

Am assuming that this now means that, even for us who managed to get one opened before it was pulled today, that this is a dead duck for Nationwide 4.25% transfers post Oct 31st.

Hence I'll not be returning the paperwork (that I havent received yet) and not kicking off the minimal transfer from N/W past years to this LBS ISA that I intended.

Unless a really, really fantastic ISA crops up I'll probably just stay as I am now until Oct else this could send me crackers!

Unless someone can see something in the Leeds T&Cs which I cant!!

innovate

veryintrigued wrote: »

Am assuming that this now means that, even for us who managed to get one opened before it was pulled today, that this is a dead duck for Nationwide 4.25% transfers post Oct 31st.

You might be right though it's too early to give up hope. The way I read the T&Cs they don't say you cannot transfer after they stopped taking new applications. It just says "18. .......but you may transfer in previous years' subscriptions whilst the issue remains open for further investment". Given that people might want to pay in their £5,760 throughout the year, I assume "the issue remains open for further investment" for the rest of the tax year. Though I might find I am too optimistic, lol.

I'd be returning my paperwork if I hadn't already done so - - keeping all my options open for now.

veryintrigued

innovate wrote: »

You might be right though it's too early to give up hope. The way I read the T&Cs they don't say you cannot transfer after they stopped taking new applications. It just says "18. .......but you may transfer in previous years' subscriptions whilst the issue remains open for further investment". Given that people might want to pay in their £5,760 throughout the year, I assume "the issue remains open for further investment" for the rest of the tax year. Though I might find I am too optimistic, lol.

I'd be returning my paperwork if I hadn't already done so - - keeping all my options open for now.

Thanks Innovate - I'll have a very good look at the paperwork when it comes through and I might just be joining the £100 club!

Cheers for the sage advice as always

innovate

veryintrigued wrote: »

I might just be joining the £100 club!

Go on, be a devil -- it's max £1.70 on my crude reckoning for the £100 club membership, and a lot less on badger09's much more refined calculations.

badger09

innovate wrote: »

You might be right though it's too early to give up hope. The way I read the T&Cs they don't say you cannot transfer after they stopped taking new applications. It just says "18. .......but you may transfer in previous years' subscriptions whilst the issue remains open for further investment". Given that people might want to pay in their £5,760 throughout the year, I assume "the issue remains open for further investment" for the rest of the tax year. Though I might find I am too optimistic, lol.

I'd be returning my paperwork if I hadn't already done so - - keeping all my options open for now.

That was my interpretation so is it a case of 'great minds think alike' or 'fools seldom differ' Only time will tell, but let's hope its the former.

innovate

badger09 wrote: »

That was my interpretation so is it a case of 'great minds think alike' or 'fools seldom differ' Only time will tell, but let's hope its the former.

We'll both be happy either way, won't we, lol

melbury

Oh no, I was going to sort this out this evening

Just out of interest, what can you send for ID purposes if you do not have a passport or photo driving licence, neither of which I have, nor does my OH?