first direct ISA

Vladislavs

innovate wrote: »

Rubbish. The AER is 3% at both.

£40,000+ 3.00% 2.96% "

why they put then 2.96% next to it?

Vortigern

Vladislavs wrote: »

£40,000+ 3.00% 2.96% "

why they put then 2.96% next to it?

Because FD pays interest monthly. 2.96% per month effectively gives 3% annual due to monthly compounding.

Richchad

Does anyone know the monthly date FD update the monthly Cash ISA interest to show in your online account?
I thought it was 1st of each month, but no interest showing in my account so far for May..
Last interest shown was on 24th April, just a week after initial deposit, thought I would have further interest up to 1st May?

Vortigern

Last time I had a FD ISA (2009-10) they paid interest into the account of the last day of each month. If you're not prepared to wait a month to see what happens you'll have to ring them.

Richchad

Thanks Vortigern, looks like I will have to give them a ring...

alph

Hello,

My cash Isa will be maturing in the next 4 weeks, so really looking to see what the best rate is at the moment.
Balance I have is Over 40K

I see that First Direct offer 3% for balances over 40K

Can I ask :

(1) Has anyone had experience of transferring Cash Isa's to First Direct?
How long does the process normally take?
Was it a painless process? or did you have problems?

(2) Is 3 % the best rate available at the moment? For transferring in balances over 40K?

Thanks in advance for any advise / Information

10_66

alph wrote: »

(1) Has anyone had experience of transferring Cash Isa's to First Direct?
How long does the process normally take?
Was it a painless process? or did you have problems?

Mine took a few days.

alph wrote: »

(2) Is 3 % the best rate available at the moment? For transferring in balances over 40K?

It is for a variable ISA at the moment, but don't know how long for as everyone seems to be dropping their rates. I missed out on the recent Halifax 3% fixed, which I was disappointed about.

grandprix

. . in the MSE tables on this website ? I only found it by chance. Neither MSE nor MoneySuperMarket.com seem to mention it in their tables. Does inclusion in the table require payment by any chance - surely not Martin, have you sold out ? BTW - my experience of a certain red logo'd Spanish bank is absolutely terrible customer service, whereas my experience of FD is nothing but excellent customer service.

10_66

grandprix wrote: »

...Neither MSE nor MoneySuperMarket.com seem to mention it in their tables. Does inclusion in the table require payment by any chance - surely not Martin, have you sold out ? ...

Kazza lists it in her post (HERE), which is where most people who know this website check if they're looking for ISAs. I haven't checked MSE's page on ISAs or MoneySuperMarket, but if they're not mentioning it, it may be because you don't get the 3% until the balance is £40K. Companies don't pay for any mention of their products on MSE.

Mr_K

You also have to have a current account with them, for which there is a monthly fee. Devils in the small print. I'd still be tempted but expect the rate to plummet any day...