HELP. Is it too late for me to open a new ISA?

Shamus500

How long does it take to open an account and put cash into it if the ISA provider is different to my current account provider? Is it quicker if I open with my current account provider? Based on the countdown timer I've got 8 days left and am confused about how to proceed.

AnotherJoe

Ten minutes.

Shamus500

Seriously?

masonic

Depends on your cash ISA provider. Some will accept faster payments directly into the account, so a payment would potentially reach the account in seconds.

AnotherJoe

Shamus500 wrote: »

Seriously?

Well Ok five if you type fast and have all the info to hand to start with (you'll need your NI number) and your debit card details.

pmjenkins

Unless you have more than £20,000 to save over the next 12 months I wouldn't worry about trying to open a cash ISA in the last 8 days of this tax year.

Take your time and locate the best ISA that suits your needs.

AnotherJoe

OP doesn't say it's a cash ISA. Indeed I presumed it most likely wasn't since there's no rush to be opening a cash ISA as rates are lower than you can get elsewhere.
Perhaps now they've opened one they can tell us

masonic

AnotherJoe wrote: »

OP doesn't say it's a cash ISA. Indeed I presumed it most likely wasn't since there's no rush to be opening a cash ISA as rates are lower than you can get elsewhere.
Perhaps now they've opened one they can tell us

The "is it quicker if I open with my current account provider" suggested it was a cash ISA. Although the countdown timer is very HL (strangely they don't seem to be doing it this year).

verybigchris

The countdown timer is on this very site, top of the right sidebar here: http://www.moneysavingexpert.com/isas/

Martin/MSE still hasn't quite shaken the obsession with Cash ISAs, even though the number of people who genuinely benefit from them is negligible.

badger09

verybigchris wrote: »

The countdown timer is on this very site, top of the right sidebar here: http://www.moneysavingexpert.com/isas/

Martin/MSE still hasn't quite shaken the obsession with Cash ISAs, even though the number of people who genuinely benefit from them is negligible.

Hmmm

I've posted on several threads recently that at this time of the tax year, quickly opening & filling any old bog standard instant access Cash ISA could be useful.

For those considering opening an S&S ISA, who have left it rather late, instead of rushing into selecting a platform, fill a Cash ISA, thus using the 2016/17 allowance. Then having chosen an S&S ISA provider, after 6th April arrange for it to be transferred.

AnotherJoe

masonic wrote: »

The "is it quicker if I open with my current account provider" suggested it was a cash ISA. Although the countdown timer is very HL (strangely they don't seem to be doing it this year).

I just took that to mean the OP thought it would be quicker to get the cash into the ISA if it was the same organisation, which seems a reasonable thought, if incorrect