Danske Bank Cash ISA

Walletwatch

Hi

Am located in London and do not plan to travel to Northern Ireland anytime soon.

Called Danske Bank to try and open a cash ISA and transfer £33k from my existing Santander 123 E-ISA to benefit from the higher interest rate. However, they claim I need to do it in-branch and their branches are only in N.Ireland.

Has anybody opened a cash ISA with Danske Bank remotely? Is there any way one can actually do so please?

Thanks
WW

MARTYM8`

Their UK retail operation is really only in Northern Ireland where they took over the old Northern Bank a few years ok. You can in theory open an account by phone from anywhere in the UK but you can - as they say - only do an ISA transfer via one of their branches in NI.

As you need to have £30k invested to get their 1.6% rate - rather than the 0.4% for lower balances - you have no option but to take a trip to NI as the limit for in year Cash isa investments is half that.

http://www.danskebank.co.uk/en-gb/Personal/savings/Savings/Products/Pages/isa.aspx#bookmark

Sorry - they are an Ulster bank and ideally want to keep it that way.