Top Cash ISAs Discussion Area

ceejayblue

Ah, I see what you mean. I'm a non tax payer and have savings in the Derbyshire so it would be easy for me just to drip feed the savings from there into the Nationwide account. I don't have an interest paying current account (I bank with FD and am really happy with them - but may well also open another Regular saver account with them and drip feed £300 a month from the Derbyshire into that to get 6%).

badger09

Cuidadosa wrote: »

Hi All!

I've transfered my Santander ISA into their newest 14/15 ISA to bump up the rate. Now, I've seen the Nationwide Regular Saver ISA and my question is can I open that one?
My understanding is that the Santander one doesn't have any 'new money' in it so it doesn't count as if I've opened an ISA this year yet and I'm allowed to open the Nationwide one. Is this right? I'm asking because when I moved the Santander one yesterday, one of the things I had to agree to was 'I haven't opened another ISA this year'... But maybe that's only applicable if I add new money to it?

Yes, as long as you haven't paid any new money into the Santander ISA since 6 April 2014, you can open and pay into the Nationwide ISA. You might want to look at current accounts though where you can earn mre interest than in an ISA at the moment.

Dunpony

I'm confused about the July change. If I put the max now into Skiptons 5 yr fixed isa am I stuck with that or nothing for the balance of £15k in July?

KTF

Dunpony wrote: »

I'm confused about the July change. If I put the max now into Skiptons 5 yr fixed isa am I stuck with that or nothing for the balance of £15k in July?

Speak to the ISA provider. I imagine most will allow you to top up in July to 15k but call them to confirm.

Scarpacci

Dunpony wrote: »

I'm confused about the July change. If I put the max now into Skiptons 5 yr fixed isa am I stuck with that or nothing for the balance of £15k in July?

No, Skipton will allow further deposits up to the limit through the month of July. They were the first provider to announce their NISA-readiness.

badger09

Dunpony wrote: »

I'm confused about the July change. If I put the max now into Skiptons 5 yr fixed isa am I stuck with that or nothing for the balance of £15k in July?

You really should the T&C of the particular product you're interested in. It isn't difficult

https://www.skipton.co.uk/savings_and_investments/isas/

badger09

KTF wrote: »

Speak to the ISA provider. I imagine most will allow you to top up in July to 15k but call them to confirm.

Why speak to them, and risk being given inaccurate information, when the T&C are perfectly clear and very easy to find?

https://www.skipton.co.uk/savings_and_investments/isas/fixed_rate_cash_isa/

TiVo_Lad

I have a Cash ISA and a Stocks and Shares ISA with different providers, which are both subject to the current contribution limit in 2014/15 (£5940 in each). My reading is that these convert to NISAs in July. Presumably I can keep these two separate but will it now be up to me to manage the contributions so the sum of contributions to both won't exceed the new £15k limit?

innovate

Yes, just like it is up to you to now to ensure you don't go over the £11,580.

jimjames

TiVo_Lad wrote: »

I have a Cash ISA and a Stocks and Shares ISA with different providers, which are both subject to the current contribution limit in 2014/15 (£5940 in each). My reading is that these convert to NISAs in July. Presumably I can keep these two separate but will it now be up to me to manage the contributions so the sum of contributions to both won't exceed the new £15k limit?

You can currently put up to £11880 into S&S ISA. Any remaining balance can be put into cash. They will remain separate in a NISA as they do now.

You need to keep account of how much you have put into each as it isn't a case of just splitting 50% to cash & S&S