Top Cash ISAs Discussion Area

JimLad

My Money has disappeared from abbey but not appeared in halifax yet. Its been over a week im getting worried!!

Wsb5tails

last time I moved ISA money away from Abbey it took them 5 weeks, I think the industry accepts 30 days as normal.

ahai1

I was once told that if the process did not happen in 30 days then it would be cancelled.

Baldur

ahai1 wrote: »

I was once told that if the process did not happen in 30 days then it would be cancelled.

Whoever told you that needs to read chapters 4 & 11 of the HMRC guidance notes.

markja_2

I have just asked both National Counties and M&S if I can transfer funds (£3600) into either of their Cash ISA's. I asked if they could provide an IBAN (International Bank Accont Number) and BIC (Bank Identification Code) number. National counties first did get an IBAN then said they didn't have a BIC and wouldn't accept such a transfer of funds anyway. I would have thought the IBAN could have only existed AFTER I would have opend an account... Anyway! M&S just said they would not accept such a xfer either. Cheque or debit card only.

What an archaic system...

Tks,
Mark

Raymondo111

Barclays Golden ISA - is it variable rate or fixed?

Following Martins advice on best buys for cash ISA's my wife and I opened two new ISA's yesterday 1st June and I thought we would get 3.61% but when I looked on Barclays Websiite I think it says 2.58% now so what rate applies?
Thanks

Raymondo111

Lokolo

Its variable.

Baldur

Raymondo111 wrote: »

Barclays Golden ISA - is it variable rate or fixed?

Following Martins advice on best buys for cash ISA's my wife and I opened two new ISA's yesterday 1st June and I thought we would get 3.61% but when I looked on Barclays Websiite I think it says 2.58% now so what rate applies?

If you wish to cancel your Golden ISAs and open new ones with a different provider, because of the rate reduction, you have 14 days in which to do so - see my post #332 in this thread.

Thriftyknickers

Hi, I opened my Barclays Golden ISA on 29/5 (thanks to MSE) but it looks like on the Barclays website that those opened before 1/6 should still get the additional 1% bonus for a year on top of the interest rate.

'ISA accounts opened between 9 March 2009 and 31 May 2009 inclusive earn an introductory bonus of 1.00% gross which is not included in the rate quoted above. This bonus is payable for 12 months from the date the account was opened.'

Incidently, I did ask on their webchat site if the new rate includes the 1% bonus and they said it did, but the above implies that this is on top of it. Hopefully it will all become clear when I receive my welcome pack!

Baldur

Thriftyknickers wrote: »

Hi, I opened my Barclays Golden ISA on 29/5 (thanks to MSE) but it looks like on the Barclays website that those opened before 1/6 should still get the additional 1% bonus for a year on top of the interest rate.

'ISA accounts opened between 9 March 2009 and 31 May 2009 inclusive earn an introductory bonus of 1.00% gross which is not included in the rate quoted above. This bonus is payable for 12 months from the date the account was opened.'

Incidently, I did ask on their webchat site if the new rate includes the 1% bonus and they said it did, but the above implies that this is on top of it. Hopefully it will all become clear when I receive my welcome pack!

It just means that Golden ISAs opened after the 31st May will not receive the 1% bonus which was included in the 3.61% (variable) rate applicable to accounts opened on or before that date.