Don't forget TSB Plus Interest and eligible amount going down on 4 Jan 2017

xylophone

Do they allow 2 x sole accounts?

I have three at the moment - E RS issue 1 and 2 and the Branch RS issue 1.

https://forums.moneysavingexpert.com/discussion/comment/71780706#Comment_71780706

katejo

Kernel_Sanders wrote: »

My understanding is that the capital can be returned to the ISA in addition to any already-filled annual allowance. For example, I will have accumulated £15240 in my Nottingham BS ISA for 2016-17, but by 5 April I will have returned £6000 'borrowed' from a Nationwide ISA to feed regular savers over the last few months.

Do they allow 2 x sole accounts?

I have already asked the same question re. Virgin saver accounts. I assumed that only 1 would be allowed per individual person. If not then I will open another.

katejo

xylophone wrote: »

I have three at the moment - E RS issue 1 and 2 and the Branch RS issue 1.

https://forums.moneysavingexpert.com/discussion/comment/71780706#Comment_71780706

But not the same issue I assume? So i would need to wait for the next issue? I don't have a branch near me so only want to do it online. I took one out earlier this month (December).

gt94sss2

Kernel_Sanders wrote: »

My understanding is that the capital can be returned to the ISA in addition to any already-filled annual allowance. For example, I will have accumulated £15240 in my Nottingham BS ISA for 2016-17, but by 5 April I will have returned £6000 'borrowed' from a Nationwide ISA to feed regular savers over the last few months.

While I agree it's possible to do the above, one needs to be careful before doing this.

You can only withdraw money from an ISA and pay it back in later - without it affecting your current ISA allowance - if your ISA is counted as a 'flexible' one - many are not including some of the big providers.

See the table on http://www.moneysavingexpert.com/savings/flexible-ISAs

katejo

gt94sss2 wrote: »

While I agree it's possible to do the above, one needs to be careful before doing this.

You can only withdraw money from an ISA and pay it back in later - without it affecting your current ISA allowance - if your ISA is counted as a 'flexible' one - many are not including some of the big providers.

See the table on http://www.moneysavingexpert.com/savings/flexible-ISAs

I didn't realise you could do this and have just looked at your link. Am I allowed to do this to an ISA account which isn't active in the current tax year (I started a new one in April 2016) without it counting as money paid into that account. For example I take £3000 out of my sleeping ISA and pay it back in in March. I probably wouldn't do this. It's just an example to illustrate what I mean. It is a flexible account.

gt94sss2

katejo wrote: »

I didn't realise you could do this and have just looked at your link. Am I allowed to do this to an ISA account which isn't active in the current tax year (I started a new one in April 2016) without it counting as money paid into that account. For example I take £3000 out of my sleeping ISA and pay it back in in March. I probably wouldn't do this. It's just an example to illustrate what I mean. It is a flexible account.

Yes, as the article says..

If you've an ISA just with cash from previous tax years. It's simple. Whatever you withdraw you can replace into the same account. As long as it's all in the same tax year, it'll count as replacing the cash and won't use any of the current year's allowance. However, you can't put back more than you took out even if you didn't fill past years' allowances, so to use your current year's allowance you'd need to open a new account. Say Kate has £20,000 in past years' ISA cash and withdraws £5,000. She can put £5,000 back in during the same tax year but no more.

Just make sure it's a flexible ISA

Frogletina

xylophone wrote: »

I have three at the moment - E RS issue 1 and 2 and the Branch RS issue 1.

https://forums.moneysavingexpert.com/discussion/comment/71780706#Comment_71780706

katejo wrote: »

I have already asked the same question re. Virgin saver accounts. I assumed that only 1 would be allowed per individual person. If not then I will open another.

I have the online issue 2 and the branch issue 1. I expect there will be a branch issue 2 at some point

frogletina

Speculator

I may have missed it but was there any announcement regarding rate reductions for the 3% BOS Vantage? Thanks.

edinburgher

Yorkshire_Pud wrote: »

Well the Cashback is all but done for many of us and on 4th January 2017 the eligible amount for the new lower 3% interest rate reduces from £2,000 to £1,500.

Well it was good while it lasted and its still not bad compared to most other offers;)

Thanks for the reminder, time to pay off some of our 0% credit card balances as I don't have any other interest paying accounts to stash the difference in

shortcrust

Speculator wrote: »

I may have missed it but was there any announcement regarding rate reductions for the 3% BOS Vantage? Thanks.

I don't think so. I hope it stays at 3 for a while - I opened one 20 minutes ago.:)