Top Cash ISAs Discussion Area

KTF

caoimhin wrote: »

Can the A+L ISA be managed from any Santander branch, there's no A+L in my town, but there is an old Abbey branch. Could I manage the account in this branch?

Why not just open the Abbey version?

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237855061169&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2

KTF

tintax wrote: »

I've already subscribed to a cash ISA this tax year. Is it correct I could open a another one today-so long as I don't actually pay in any money-so it would be available to subscribe to from 6 April?

Assuming you don't have to make a nominal payment of £1 when you open the account then yes.

silvermum

tintax wrote: »

I've already subscribed to a cash ISA this tax year. Is it correct I could open a another one today-so long as I don't actually pay in any money-so it would be available to subscribe to from 6 April?

I didn't think you could do that? Surely all ISA accounts require an initial deposit, and then it will be deemed to have been opened in 09/10 tax year?

The high rates at the moment are to 'mop up' those savers who haven't invested in 09/10. You can bet the rates will drop when we get into 10/11?

Nine_Lives

QUESTION: There are some "tasty" looking ISAs going about right now from what i read as this is apparently "ISA Season"

When does " ISA Season" end? I was planning on waiting until 6th April & then deposit £5,100 in a selected ISA. Will these offers have gone by then or do they generally run into the new tax year?

10_66

K_P83 wrote: »

...When does " ISA Season" end? I was planning on waiting until 6th April & then deposit £5,100 in a selected ISA. Will these offers have gone by then or do they generally run into the new tax year?

Impossible to say. Some providers bring out competitive rates now to try to attract those who have not yet subscribed this year's allowance. Hard to say whether they'll still be around in April, but there'll always be someone out their vying for the new tax year's subscribers.

Intenso

I have a question.

If I take out the A&L ISA deal now and put my all of my 09/10 allowance in now I assume that in 12 months time I will recieve an interest payment.

If i then put in all of my of my 10/11 allowance in April '10 will I also get the gauranteed 3% above base rate on that as well?

I guess what I want to know is whether the deal just relates to this years allowance and whether the terms will change in April for new money?

If thats the case and the deal does drop would I then be able to open another isa in April whilst the A&L one still runs.

TIA

KingL

That ISA pays interest on 1st March each year, so that's when you'll get the interest payment.

Nobody knows for certain whether the account will be open for new money or what the terms will be after April 5th. Somebody asked in a branch the other day and the view was that it will probably carry on into next tax year the same as this year, in which case you would be able to pay in your new allowance and get the same deal of base+3%.

The terms and conditions do reserve the right to change the deal, so in the event that monies subscibed next year will be less favourably treated by A&L, then yes, you will be able to just subscribe to a different ISA for 2010/11, keeping the 2009/10 running in the background.

Beatlefan

Hi, my wife has a cash ISA with A&L. Does anyone know if she'd qualify for the new ISA that Santander are offering? Seems to be a good rate, but as A&L is now part of Santander, I don't know if she'd qualify as an existing customer.

My bank NatWest says they'll offer her a 0.5 % bonus on top of her current balance in the A&L ISA (just over £5k) if she transfers across, so we're thinking of doing that, but need to check NatWest's rates first to see if that's worth doing.

She's not likely to be able to save much in the new tax year as she's caring for an elderly relative, so not able to work at present. Any thoughts on what she should do with the £5k in her current ISA.

Many thanks for any tips. :A:T

KingL

AFAIK, the Santander one is open to anyone - it shouldn't matter that she is an existing customer.

If she has paid new money into an ISA this tax year, she will have to wait until April 6th to fund a new ISA.

As regards transferring the old one - have a look at kazzaas list here. You can get anything upto 5% on it

the182guy

Does anyone know what the withdrawal policy is for the A&L 3.5% Instant Access Cash ISA? There is a PDF on the site that says this:

Instant Access – Two free branch counter withdrawals may be made per
calendar month. Further withdrawals during that month will be charged at £2.

PDF is http://www.alliance-leicester.co.uk/customer-service/pdfs/Tarrif-for-Additional-Services-Savings.pdf

It's not clear if the above relates to cash ISA's or normal savings accounts. It also says ATM withdrawals are free which can't be possible for cash ISA's.


Edit: I've now found this document which looks like the T&C's for the cash ISA, it says withdrawal policy: instant access, branch, phone, online, but does not explicitly say there are no fees for withdrawal:
http://www.alliance-leicester.co.uk/customer-service/pdfs/flexiisatandc.pdf