WestBrom WeBSave 60 Day Notice ISA (Issue 2) - considerations while transferring out

info_maniac

Planning to open the WeBSave 60 Day Notice ISA (Issue 2). As there is a 60 day notice, how do we do the transfer out without paying the charge equivalent to 60 days loss of interest.

I know that in the transfer-in form with the new provider, I can request the new provider to wait for the "notice period" before asking Westbrom to initiate the transfer-out. 

Do we also need to give a "notice" instruction to Westbrom directly. Their Ts & Cs state that:

- If you want to make a withdrawal (including transfers or account closure) you will need to give us 60 days notice or you can withdraw earlier at a charge equivalent to 60 days loss of interest.

The 60 day notice period starts on the day that you give us the instruction that you would like to make a withdrawal or close the account. You can only have one notice period active at any time. If you want to apply another notice period, you need to wait until the current notice period has ended.

Aidanmc

https://forums.moneysavingexpert.com/discussion/comment/80713800#Comment_80713800