Virgin 1 Year Fixed Rate Cash ISA Exclusive issue 11

bobeschism

And it's been withdrawn. Best Virgin 1 Year Fixed ISA is now 4.76%. Well done to those who opened their ISA before the door closed!

myth123

Received a text this morning to say I can add money to this until 07/05/2024

badger09

myth123 said:

Received a text this morning to say I can add money to this until 07/05/2024

Me too. 

Opened mine on Friday ready for xfer in of Santander FRISA maturing 1 May I’m also expecting VM to reduce the rate on their Exclusive Flexi ISA, currently 4.76%

DJSINGH

badger09 said:

myth123 said:

Received a text this morning to say I can add money to this until 07/05/2024

Me too. 

Opened mine on Friday ready for xfer in of Santander FRISA maturing 1 May I’m also expecting VM to reduce the rate on their Exclusive Flexi ISA, currently 4.76%

Ditto. Same Satander FRISA maturing!

Marcoos

Opened this a couple of weeks back in preparation for funding in the 24/25 tax year. 

Given the 6th April falls on a Saturday, would it actually be better to hold off until Monday the 8th to actually transfer the funds?

where_are_we

Marcoos said:

Opened this a couple of weeks back in preparation for funding in the 24/25 tax year. 

Given the 6th April falls on a Saturday, would it actually be better to hold off until Monday the 8th to actually transfer the funds?

Yes. Keep your money earning interest in an easy access account hopefully paying at least 5%. Then transfer on the first banking day after 6/4/24. You would be £5.70 better off if you transfer £20K on the 8/4/24 than 6/4/24 assuming you have a 5.2% Santander Easy Access.

I ,too, have received a text stating it is ok to fund VMFRCash Isa Issue 11 up to 5pm 7/5/24. Strange, after previously stating up to 30 days from withdrawal of product.

DJSINGH

where_are_we said:

Marcoos said:

Opened this a couple of weeks back in preparation for funding in the 24/25 tax year. 

Given the 6th April falls on a Saturday, would it actually be better to hold off until Monday the 8th to actually transfer the funds?

Yes. Keep your money earning interest in an easy access account hopefully paying at least 5%. Then transfer on the first banking day after 6/4/24. You would be £5.70 better off if you transfer £20K on the 8/4/24 than 6/4/24 assuming you have a 5.2% Santander Easy Access.

I ,too, have received a text stating it is ok to fund VMFRCash Isa Issue 11 up to 5pm 7/5/24. Strange, after previously stating up to 30 days from withdrawal of product.

30 working days it seems?

begbeer

The only problem I can see is that a lot of banks do not do faster payments over a weekend, so if I ask say first direct to transfer 20k on Saturday 6th they will not do it until Monday 8th, will virgin refuse it because it is after the 7th? Did think I could transfer the money on Friday 5th to my virgin current account and then transfer it to the isa on the 6th, will this work?

eskbanker

begbeer said:

The only problem I can see is that a lot of banks do not do faster payments over a weekend, so if I ask say first direct to transfer 20k on Saturday 6th they will not do it until Monday 8th, will virgin refuse it because it is after the 7th? Did think I could transfer the money on Friday 5th to my virgin current account and then transfer it to the isa on the 6th, will this work?

???

The above references to the deadline on the 7th relate to May, not April!

begbeer

What an idiot, I just saw 7 and didn’t realise it was may not April,  note to self, read things properly before panicking