isa transfers

peter1000

I got isas in mine and my wifes name,all with nationwide but as its not my main bank account i dont get the best deals so should really switch to them,at the moment one is paying 1.25% the other 1.50% the latter matures at the end of september.If i transfer for the time being to the slightly higher one that wont effect any new money from this isa years allowance??

McKneff

You haven't got ISAs in yours and your wifes name,


You have an ISA in your name, if the other one is in your wife's name it is her ISA, hers, not yours and you shouldn't be doing anything with it. if its in her name, it is her money


You cant transfer money from an account in your name to an account in your wifes name....


They are called iSAs for a reason Individual Savings Account.

YorkshireBoy

peter1000 wrote: »

...as its not my main bank account i dont get the best deals so should really switch to them

You don't need to switch at all. You can gain access to Flexclusive products/rates in various ways. Details available on their website.

peter1000

what iam getting at is its my money but i use my wifes allowance so we can save as much as possible in isas..

peter1000

looked at the nationwide web site you got to pay in 750 a month for the last 3 months or have completed a transfer to switch from another bank account,i just have a flex account with debit card my bank account is with lloyds but there rates are crap.

YorkshireBoy

peter1000 wrote: »

looked at the nationwide web site you got to pay in 750 a month for the last 3 months or have completed a transfer to switch from another bank account

http://www.nationwide.co.uk/support/support-articles/terms-and-conditions/flexclusive-isa-terms-and-conditions


See condition 1.b. (and then kick yourself for not having £7.5K of your money making 5% AER in FlexDirect accounts )

peter1000

my flex account dont pay any interest so to get this i would have to open another type of nationwide account??

peter1000

explain that more?

McKneff

What I am getting at is that if it is in your wifes' name in an account, IT IS NOT YOUR MONEY ANY LONGER. it is her money, in an account that you should have no control over.
She has the control, not yuou. Does she know what you are doing with HER money

peter1000

just explained our situation

Eco_Miser

peter1000 wrote: »

my bank account is with lloyds but there rates are crap.

Lloyds 4% AER beats your ISAs.