Santander 2 year Fixed rate ISA_2012-14

chopperward

Can anyone tell me if this ISA (you know the one where they offered .1% bonus if Rory won a major) allows transfers in?

Also I can't remember the terms, does it track the bank of England rate?(currently .5%)

Is it also possible to transfer an ISA if opened this ISA year before it matures next April?

withabix

It's a FIXED rate ISA - no change to the interest rate until maturity, at which point is changes to virtually nothing.

You cannot transfer any more funds into this after it has been open for 2 weeks.

All here:

https://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223422086139&maxage=3600

Vladislavs

withabix wrote: »

It's a FIXED rate ISA - no change to the interest rate until maturity, at which point is changes to virtually nothing.

You cannot transfer any more funds into this after it has been open for 2 weeks.

All here:

https://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223422086139&maxage=3600

Actually you can fund this ISA up to 30.05.13.

PParka

Vladislavs wrote: »

Actually you can fund this ISA up to 30.05.13.

No you can't. The OP is talking about the 2012 Major ISA. The one that can be funded up to 30/05/13 is the 2013 version.

Vladislavs

PParka wrote: »

No you can't. The OP is talking about the 2012 Major ISA. The one that can be funded up to 30/05/13 is the 2013 version.

oh right my bad, didnt realise that

Wyndham

I think it's interest day on the 2012 Major ISA today - but nothing showing on my account yet I assume it will be there by the end of the day?

innovate

Last year, the interest was credited on May 2.

Wyndham

innovate wrote: »

Last year, the interest was credited on May 2.

Ah yes, so it was. I got a whole £9.25 as I hadn't had the money in long at that point and my transfer hadn't made it through!

FrankHornsea

Does anyone know the actual date you can cash in this 2012/14 4% ISA? It was opened on 9th April 2012 but the t&c says it matures in September 2014? Santander not been much help so far.

badger09

FrankHornsea wrote: »

Does anyone know the actual date you can cash in this 2012/14 4% ISA? It was opened on 9th April 2012 but the t&c says it matures in September 2014? Santander not been much help so far.

Maturity dates on the 2 year Major ISA depend on exactly when you 1st subscribed/transferred into it.

If the T&C for your ISA say it matures 1 September 2014, then that is when you can withdraw or transfer funds out. It may be possible to withdraw before that date, with an interest penalty, but again, that will be in the T&C.

Gizmo247

The T&Cs say early withdrawal penalty is equivalent to 90 days loss of interest. But that is a woolly definition as 90 days at the end is more than 90 days at the beginning and what if you withdraw before 90 days of setting it up. Is it less in that case?