HSBC Advance Save Together

colsten

Alisha2008 wrote: »

They are doing not to lose customers.. I was about to go to another bank because of their poor interest rates, but with this offer and the 6% regular saver, I stayed as i was going to get the same interest and it saved me the hassle of changing.

You could still move move money to another bank that pays you better interest. I am taking advantage of the 6% HSBC Regular Saver and their ISA offer but I don't keep a penny more with them than I have to/than I can have in the Regular Saver.

Alisha2008

I don't have more money to move!

bowlhead99

Alisha2008 wrote: »

I don't have more money to move!

Not having lots of cash is certainly an easy way of overcoming the problem that everyone has limits on how much you can deposit in one place

Chaykin

KTF wrote: »

Call them up and ask. They dont bite.

I did call them and they confirmed that as long as I pay in £300 into the ISA on or after 1 March 2015 I will get my £10 a month payments even if I withdraw the £300 from the ISA the very next day.

So tip for those who don't have lots of cash (see above ) - simply pay in £300 and take it out next day and enjoy your tenner/month for 12 months. If you have a joint account then enjoy your 2x tenners/month! :beer:

Vortigern

bowlhead99 wrote: »

A silly analogy for ISAs: HMRC are watching the entrance door into the rabbit hutch to count the rabbits that go in. If once they're in there, they do what rabbits do, and multiply, you will end up with lots more rabbits in your hutch, and eventually more will come out of the exit than ever went in the front door. With stocks and shares ISAs sometimes the rabbits can die and then you get rather less out of the exit than you hoped. But either way, HMRC are only watching the front door.

That's much better than Martin's cake analogy. You should copyright it!

Archi_Bald

Yes of course it would work, as long as you are allowed partial transfers by your old ISA provider.

Archi_Bald

adindas wrote: »

- If you find a better provider whihc pay a better interest for the whole £15,240, You will not be able to put the rest of £15240-£300 in other ISA provider or ISA account as this will mean you are breaking the ISA rule set up by the government, mean breaking the law.

You forget about S&S ISAs.

MARTYM8`

Archi_Bald wrote: »

Yes of course it would work, as long as you are allowed partial transfers by your old ISA provider.

Of course you can just transfer in £300 from a prior year ISA immediately (i.e. 2013-14 or earlier) - the partial transfer issue only applies to current year (i.e. 2014-15 now and 2015-16 from 6 April).

Just means you get a £10 payment in April - for March.

Archi_Bald

MARTYM8` wrote: »

Of course you can just transfer in £300 from a prior year ISA immediately (i.e. 2013-14 or earlier) - the partial transfer issue only applies to current year (i.e. 2014-15 now and 2015-16 from 6 April).

Just means you get a £10 payment in April - for March.

You misunderstand.

Unless you have exactly £300 in your prior year's ISA, you are talking of a partial transfer. Not all ISA providers do allow partial transfers out. The Post Office, for instance, doesn't.

MARTYM8`

Archi_Bald wrote: »

You misunderstand.

Unless you have exactly £300 in your prior year's ISA, you are talking of a partial transfer. Not all ISA providers do allow partial transfers out. The Post Office, for instance, doesn't.

I agree - but the poster merely referred to transferring a 2014-15 ISA which you cannot partial transfer whoever you are with until 6 April.

I merely pointed out that a prior year transfer could be done and was acceptable under the terms of the offer - and many/most people (but not all I agree) will have a prior year isa with a provider that does allow partial transfers.

So - I agree but I was just providing follow up advice. It can be any years ISA funds - not just 2014-15 ones.