Top Cash ISAs Discussion Area

Baldur

kivoowl wrote: »

I knew i'd make myself look stupid...

There's no such thing as a stupid question.

char_student

Hello everyone! I had an ISA this tax year but closed it. Can I open another one or is that now allowed? Thanks

Lokolo

char_student wrote: »

Hello everyone! I had an ISA this tax year but closed it. Can I open another one or is that now allowed? Thanks

No it is not.

fredted40x

Hi,

About 3 months ago i went into natwest as i have a student account with them and they said about opening a cash isa and putting the overdraft into it. I accepted and they opened it for me, i currently have about £2,000 in there as ive added some savings but im only getting 0.5% interest.

Im now looking to change isa's, is this possible as ive only had the crrent account for a couple of months?

I would prefer to get a ISA that i could also manage in a branch but i would do it online if a special offer came up, i would prefer to stick to only the companies who have actual shops as i tend to trust them a bit more. What would be the best for me, i have been lthinking about getting the natwest e-isa as im already with natwest and have a online account, they are offering 2%, is that any good?

p.s. i can only deposit £600 more this tax year as my student finance has only just arrived and i had to get all my money from everywhere before it came.

pps i wont be able to keep th money in there for years and may need to access it for emergencies within the next year.

Thank you.

Thrifty_Griffter

Hi

Please advise me. I held an ISA with the halifax for 6 years. When i decided to transfer to Intelligent Finance for a better deal my money was transferred from Halifax to Abbey? I have no acounts with Abbey and never have?!?!? The bank made no contact with me to explain there error in transferring the money and it was left to me to find out from a customer service rep that my money had been sent to a wrong account. This was between christmas and new year however, they have told me that they knew about the wrong transfer since the middle of December. Following numerous phone calls and worried nights i have had the money returned to my Halifax account with the condition that i allow it a week before doing anything with it to ensure the cheque from Abbey clears. As a gesture of goodwill and for inconvenience, i have been offered £75 to cover loss of interest, calls etc etc. I am not happy with that offer at all. For a bank to send nearly £3000 of my money to a wrong bank while i go without it for 6 weeks seems to be worth more than that? Could you please tell me wether you agree or is that the best i can expect?

Thanks

RaspberryFool

Financial institutions seem to be taking consumers for a ride with cash ISA rates. To me, they should offer consumers the same rate for ISAs as for equivalent non-ISA accounts - so that we can benefit from the tax-free element. However, they seem to deliberately offer lower rates on ISAs. For example, the Nationwide is offering a 3 year fixed rate bond at 4.7% gross (3.76% net) yet the equivalent 3 year ISA bond offers a rate of only 3.75%.

Whilst Martin always promotes putting money in an ISA, it often seems to be better to put it in an ordinary account. Even after deducting tax, one often can find a better rate than an equivalent ISA. A possible one for Martin to take up with the big providers?

Fred_Bear_2

This is how I think it should work:

http://www.century-bs.co.uk/invfr.htm

All the savings accounts at Century Building Society can be operated as ISAs with the same interest rate.

Fred

Cya_3

I am very concerned about Martin's continuous endorsement of Abbey's ISA; here and on GMTV.

Abbey are one of the worst offenders in this field paying a miserly 0.1 % on existing Cash ISAs. It is true that they will offer to switch to 3% but only if you threaten to move elsewhere. Many people listening to the broadcast may well assume that they are on 3% but unless they check directly they cannot know. Incidentally Abbey made that more difficult by taking the lower old ISAs off of the web site so you have to thread your way through their phone system.

Rant over , excellent site this !!

Luv
Cy
:beer:

partlydave

Ive just taken my life in my hands and applied to First Direct for a 2.75% fixed ISA to transfer a matured B'ham Midshires ISA into. My partner went with them when it was 3% but they were a nightmare to deal with. Wrong app forms sent 3 times.
I have my current account with HSBC so just rang them to see if I could get the same deal, but they are only paying 2.5% and its £100 fee for early closure.

Reiki_Angel

Hiya i'm a little confused by the AER rates, could someone please explain in simple terms what this means and would anyone be able to recommend a bank / building society that i can open my first ISA with. Thanks in advance