Santander 123 Acc.

walworthrd

I would like to know if it is better to wait until Jan 2015 to wait for the new gov.bonds coming in to force or transfer my maturing Isa (in a few days time ) to another Isa immediately.

Should I hold on to my Isa status or go for the Santander 123 account with 3%* interest and cash back on certain direct debits. I am 65 years old and my partner is 70. Then transfer half of it to the gov. Bonds when they come out, but then I will have lost all my isa status

grumbler

This depends on the amount and on your future plans of topping it up.
The new £15K yearly allowance made the 'ISA status' far less important than it used to be.

Also, when making the decision, ignore "cash back on certain direct debits", as you can get it without moving your money to Santander.

sicker

Point to note also (if applicable) that the santander 123 3% is applied ONLY to £20,000, over that it is 0%

Fruit_and_Nut_Case

walworthrd wrote: »

I would like to know if it is better to wait until Jan 2015 to wait for the new gov.bonds coming in to force or transfer my maturing Isa (in a few days time ) to another Isa immediately.

Should I hold on to my Isa status or go for the Santander 123 account with 3%* interest and cash back on certain direct debits. I am 65 years old and my partner is 70. Then transfer half of it to the gov. Bonds when they come out, but then I will have lost all my isa status

Welcome to MSE :wave:

Probably better to ask in Savings & Investments rather than here in Credit Cards.