Top Cash ISAs Discussion Area

Milarky

trinidadone wrote: »

i wanted easy access, I opened a first direct 3% today

That account is no longer available to open (Just the 0.2% version) how did you manage it?

trinidadone

Milarky wrote: »

That account is no longer available to open (Just the 0.2% version) how did you manage it?

I applied a few weeks ago while waiting

Jay83

Hi not sure if someone can help me in here or if i should open a new thread but here goes. I have a ISA with Natwest right now, interest is 1.09% gross net, in april if i topped this isa up with the full balance then the interest goes up to 1.74% is this good? or is it better for me to look for another provider to open a new isa account with? From the looks of it i dont think the ISA interest rates are that good for new accounts as i dont want a fixed but want easy access to my funds. Thanks for any replies.

10_66

Jay83 wrote: »

Hi not sure if someone can help me in here or if i should open a new thread but here goes. I have a ISA with Natwest right now, interest is 1.09% gross net, in april if i topped this isa up with the full balance then the interest goes up to 1.74% is this good? or is it better for me to look for another provider to open a new isa account with? From the looks of it i dont think the ISA interest rates are that good for new accounts as i dont want a fixed but want easy access to my funds. Thanks for any replies.

Take a look at Kazza's "best currently available list" so that you'll be able to compare what you have with what's out there. It depends on how much you have saved in your existing ISA as to whether or not you consider the gain in extra interest outweighs the interest you'll lose whilst the funds are being transferred from one to another.

Puzzledbubbles

hey everyone,

just a quickly, bank with barclays and looking at setting up an isa (with gradually increasing monthly deposits as bills are satisfied)

Are they any good? I want internet access so that i can change amounts quickly and easily as it might be (depending on bonuses) that i can increase the amount each month.

Thanks

Puzzled

10_66

Puzzledbubbles wrote: »

..bank with barclays and looking at setting up an isa (with gradually increasing monthly deposits as bills are satisfied)

Are they any good? I want internet access so that i can change amounts quickly and easily as it might be (depending on bonuses) that i can increase the amount each month...

They have suffered from quite a bad reputation with their dealings with their ISAs over the last couple of years (Tax Beater ISA, Tax Haven ISA). There don't seem to have been anywhere near the same amount of posts regarding problems encountered for their latest one (Golden Isa).

strolling_rone

I'm a new boy with question for you seasoned savers.
The interest on my cash ISA has dropped and I am considering switching. Interest is paid annually on April 6th, is my provider obliged to pay the interest due up to the transfer date if I transfer

rb10

strolling_rone wrote: »

I'm a new boy with question for you seasoned savers.
The interest on my cash ISA has dropped and I am considering switching. Interest is paid annually on April 6th, is my provider obliged to pay the interest due up to the transfer date if I transfer

As long as there are no restrictions on withdrawals, or penalties specifically mentioned in the T&Cs, then, yes, you will get interest from the old provider right up until the date the transfer takes place.

If you tick the box on the transfer form for 'transfer full amount' or similar, then they will transfer both the balance in the account, and any unpaid interest.

leaphaze

rb10 wrote: »

If you tick the box on the transfer form for 'transfer full amount' or similar, then they will transfer both the balance in the account, and any unpaid interest.

Surely this would violate ISA rules if you could leave the interest at your original provider but move the rest to a new provider; you'd have two providers for the current year, not allowed.

rb10

leaphaze wrote: »

Surely this would violate ISA rules if you could leave the interest at your original provider but move the rest to a new provider; you'd have two providers for the current year, not allowed.

No, you can have as many ISAs as you like at any one time. What's not allowed is to pay new money into two different ISAs during the same tax year.

As this (presumably) relates to money that was paid in during a previous tax year (08/09 or earlier), then there are no restrictions on what is done with it, as long as they follow the banks' ISA transfer system.