Virgin ISA 2.15% easy access

Guru86

Hello,

My old Halifax ISA term is up and I need a new one which accepts old ISA transfer. I see the virgin money have the best rate for this option.

Are they any good and worth doing or should I jump to Barclays which is slightly less interest but obviously a company that can be relied on a bit more?

Thank You

innovate

Virgin are fine to £85K since they are FSCS covered, like basically all ISA providers are.

But are you certain they are offering the best rate? Check post 1 in https://forums.moneysavingexpert.com/discussion/401374

zkw29

I've never banked with them before so I can't really comment but I've just applied for the Virgin ISA. As innovate says, there's FSCS cover up to £85,000.

If you live in Edinburgh, Norwich or Manchester it's worth having a look at their customer lounges that give you free refreshments - that could save some money on visits to Costa.

ifstar

I've went for the virgin isa this year. Seemed to be about the best available for me as it accepts transfers and doesn't require you to have over £10k to get a decent rate.

katejo

I am also considering moving my ISA to Virgin. I have had an FD one for years and years but now they only pay 0.5% unless you have 40K or more in the account.

katejo

katejo wrote: »

I am also considering moving my ISA to Virgin. I have had an FD one for years and years but now they only pay 0.5% unless you have 40K or more in the account.

I have just taken the plunge and applied to close my FD account/opened a new Virgin one.

katejo

zkw29 wrote: »

I've never banked with them before so I can't really comment but I've just applied for the Virgin ISA. As innovate says, there's FSCS cover up to £85,000.

If you live in Edinburgh, Norwich or Manchester it's worth having a look at their customer lounges that give you free refreshments - that could save some money on visits to Costa.

Is your ISA fully open yet? i am just wondering how long they usually take. I applied for mine yesterday and it is currently pending.

DietIrnBru

Not going to comment on the rates - but the customer service is first rate

zkw29

katejo wrote: »

Is your ISA fully open yet? i am just wondering how long they usually take. I applied for mine yesterday and it is currently pending.

No - it's still pending. I thought I read somewhere that it would be open the next working day (ie today) but obviously not.

katejo

zkw29 wrote: »

No - it's still pending. I thought I read somewhere that it would be open the next working day (ie today) but obviously not.

When I logged on today I got a message to say that I would get a letter in about 5 days ! I had thought it would be open for me to pay money after about 24 to 48 hours

ifstar

Yeah mine still in read only mode, thought it would be open just now but maybe just a bit of a queue of people to get through.