Good transfer-only/no min deposit ISA

badmanners

My nationwide ISA has come to the end of it's year and i'd like to transfer it, but have already opened a HSBC isa this year for the £10/month.
I was looking into coventry bs, which seem to accept a transfer-only application despite the MSE summary claiming £1 min deposit, but opening the account now seems quite difficult, as mynon uk passport, needs to be certified by a competing bank manager(?).
Also looked at a 1-year virgin isa, but that has a clear £1 minimum.

Any suggestions for a good option to look into? Many thanks.

Plus

I've had my passport certified at a few banks for free. I didn't usually have to explain why - as it happened it was to open an account abroad (where UK banks don't have branches). Try it and see.

dggar

badmanners wrote: »

My nationwide ISA has come to the end of it's year and i'd like to transfer it, but have already opened a HSBC isa this year for the £10/month.
I was looking into coventry bs, which seem to accept a transfer-only application despite the MSE summary claiming £1 min deposit, but opening the account now seems quite difficult, as mynon uk passport, needs to be certified by a competing bank manager(?).
Also looked at a 1-year virgin isa, but that has a clear £1 minimum.

Any suggestions for a good option to look into? Many thanks.

but have already opened a HSBC isa this year .
I didn't think you were allowed to open another (cash) ISA in this financial year.

Archi_Bald

dggar wrote: »

I didn't think you were allowed to open another (cash) ISA in this financial year.

This is a common misconception, and many people in banks and building societies peddle this misinformation. You can actually open just as many as you desire. The only thing you cannot do is subscribe (i.e. put new money into) to more than one cash ISA each tax year.

A transfer, as long as it is carried out by the receiving ISA provider, does not count as a subscription. You can request a transfer as often as you like (but you are obviously bound by the terms of your ISA).

SallyG

Hope this is to the point on Cash ISA juggling -
my Halifax fixed term all old money cash ISA just matured
- Halifax swept it into an old 26p vestigial 0.25% ISA saver
- I needed time to consider because I unexpectedly needed extra cash for house repairs - so moved it to a Halifax variable 0.8% ISA for now so as not to lose quite so much interest and to be able to take cash once I'd established how much.
- checked with/explained to Halifax who said after cash transfer I'd still be able to move the rest to a fixed rate better term ISA
- moved required cash amount to my current account [with another bank] - then tried online to move the remainder of this old ISA cash to a fixed rate ISA with Halifax
- barred from doing so online - message said I had already funded a new cash ISA this tax year.
I haven't paid any new money into a Halifax Cash Isa this year.
I can no longer afford to fund ISAs and leave to grow - for two years now each tax year I've put my drawdown lump sum into a new cash ISA with my current account bank - I look on it as a means of getting interest on my current account -I draw on it as needed for income - it wouldn't stretch to house repair.
Just to reiterate - this Halifax ISA is entirely ISA cash from previous tax years that I've kept running in the background in fixed term cash ISAs no new ISA cash - why do Halifax say I've opened and funded a new cash ISA?
I have only funded one new cash ISA this tax year with my own bank - my ISA shuffling with Halifax is all old ISA money - why are they barring me from moving my variable cash ISA to a fixed term fixed rate cash ISA?

colsten

I don't know what the situation is with your various ISAs at Halifax but you would certainly do better with having your cash in interest paying current accounts.

SallyG

You're right of course .....
meantime the explanation : trying to tidy up my Halifax accounts without thinking I threw an odd couple of pounds from an old defunct savings account into my variable old money cash ISA - that constituted funding a new ISA for this tax year and disbarred me from "renewing" my variable ISA as a fixed rate ISA ...............the Halifax guy moved that errant new cash back to its original account et voila..........I can renew.
Apparently "renew" means rollover your existing ISA into a different ISA with the same provider.

badmanners

Plus wrote: »

I've had my passport certified at a few banks for free. I didn't usually have to explain why - as it happened it was to open an account abroad (where UK banks don't have branches). Try it and see.

I tried it and was told "we don't do that anymore" by my bank (HSBC).
My original question still stands, what's a good alternative, preferably with a branch in London so I can open in person.