Top Cash ISAs Discussion Area

Crabman

DrScotsman wrote: »

Quick question: Has anyone who already banked with Natwest opened a Cash ISA Plus online? I've been given my account number and sort code, but how long does it take for the account to appear on online banking? Or are they sending me a letter I have to sign?

My eISA account appeared on online banking the next day and there was no need to sign anything (being an existing customer).

DrScotsman

Crabman wrote: »

My eISA account appeared on online banking the next day and there was no need to sign anything (being an existing customer).

Thanks, I'll wait a day before phoning up then.

alkip

Just spoken to a guy at Natwest, on a freephone number who told me to fill in the transfer forms, post date them to the 6th April, return them to Natwest and they do the rest.

Hope it all goes as smoothly as it sounds

Crabman

alkip wrote: »

Another question re: the Natwest eISA. My Skipton ISA is maturing at midnight on the 5th April and I've just received a letter offering me a couple of options with them, the best of which is 3.15% so, I am planning on opening the Natwest eISA which will be especially good as I already have a current account with them, however, if I open the account with the Natwest now in preparation for transferring the £3600 from the Skipton surely I'd be breaking the rules by exceeding my annual allowance as I'll need to deposit £1 in the Natwest eISA?

They say you need to specify an initial deposit but past comments here suggest that it's a formality. Baldur's post here regarding Halifax suggests it's just a formality to get through the application. You may be best off calling Natwest on 0800 200 400 to clarify.

You would only break the rules if you subscribed (i.e. actually paid new cash) into two ISAs in the same tax year. Transferring your existing ISA from Skipton doesn't count as subscribing to an ISA.

If you don't pay new money into the ISA account, it doesn't count as one you've subscribed to, regardless of what is said during the application process.

Baldur

Crabman wrote: »

......Baldur's post here regarding Halifax suggests it's just a formality to get through the application.

It certainly was as far as the Halifax systems were concerned - the adviser plucked a figure of £500 out of the air and entered it on the system.

Ron2418

Guys Guys, Help! I am new to all of this. how the Hell do I post a new Thread. can someone email me to explain how at: pgain911@googlemail.com. Cheers

ctba1

Question-
I have existing shares in Centrica(not in any current isa) ,about £3000 worth .Am I able to use those as well as the cash element to set up a new stocks and shares Isa for the 2009/2010 period .?

Baldur

Ron2418 wrote: »

Guys Guys, Help! I am new to all of this. how the Hell do I post a new Thread. can someone email me to explain how at: [EMAIL="pgain911@googlemail.com"]pgain911@googlemail.com[/EMAIL]. Cheers

The big, blue, 'New Thread' icon at the bottom left of the forum page should give you a clue.....

Uneducated_Archie

Britannia have offered me 3.1% fixed for one or two years on existing ISA account for year 2009/2010. I can also invest a further 3,600 at the same time.

Would I be better going for one or two years? Any thoughts?

Baldur

Uneducated_Archie wrote: »

Britannia have offered me 3.1% fixed for one or two years on existing ISA account for year 2009/2010. I can also invest a further 3,600 at the same time.

Would I be better going for one or two years? Any thoughts?

Your choice, personally I wouldn't fix for more than a year, given the indicators about an inflationary trend in the economy.