Virgin 1 Year Fixed Rate Cash ISA Exclusive - to fund or not to fund

info_maniac

I have opened a Virgin Money 1 Year Fixed Rate Cash ISA Exclusive, the sort code starts with 05. I had to first open the M Plus Current Account which also has the same sort code.

This is the top rate fixed cash ISA deal at the moment (5.05% AER) and there doesn't seem to be any other fix deal near this rate.

However, I have come across a few threads here where users have reported various issues transferring out their Cash ISAs to another providers from Virgin Money.

I am in two minds now whether to fund this ISA or look for another provider. Any recent feedback about transfers in/out of VM Fixed Cash ISA will be helpful.

Also, I have another fixed ISA with another provider maturing around the end of May, I am not sure if I will be able to submit a transfer-in request to this VM Fixed Rate now and ask them to wait for notice period. OR, should I wait until the end of May?

The Ts & Cs for the Virgin 1 Year Fixed Rate Cash ISA Exclusive state that:

• You can pay money into your ISA as soon as it's opened, right up until 30 days after we stop selling this account. After that you can't pay in any more money. You can pay as much as you like into your account – up to the annual ISA allowance. Check your Terms for more details.

Beddie

Virgin Money are fine. You read about the moans, but never the 99% of transfers that go through fine. 

Reed_Richards

Maybe they'll be Nationwide by the time you want to get your money out.

sausage_time

I have "05" sort code accounts (and have created older legacy ISAs too).  All work well.  (Slight irritation at having to open a redundant current account to get the better rate, but may use that in the future as a switching account)