Virgin 1 Year Fixed Rate ISA 5.05%

PRAISETHESUN

flaneurs_lobster said:

sparkiemalarkie said:

My Virgin ISA matures on 30th September.
Can I open a 5.05% fixed rate Virgin ISA and request a transfer of the maturing ISA into this one even though it's more than 30 days away?

tia

sx

Here's the bit of the VM Cash ISA xfer form that (I think) says that you can apply up to six weeks before maturity

Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:  

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

or......

https://uk.virginmoney.com/virgin/downloads/cash-isa-transfer-form.pdf

You would be correct that the form states you can serve notice up to 6 weeks from the date you submit it.

flaneurs_lobster

PRAISETHESUN said:

flaneurs_lobster said:

sparkiemalarkie said:

My Virgin ISA matures on 30th September.
Can I open a 5.05% fixed rate Virgin ISA and request a transfer of the maturing ISA into this one even though it's more than 30 days away?

tia

sx

Here's the bit of the VM Cash ISA xfer form that (I think) says that you can apply up to six weeks before maturity

Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:  

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

or......

https://uk.virginmoney.com/virgin/downloads/cash-isa-transfer-form.pdf

You would be correct that the form states you can serve notice up to 6 weeks from the date you submit it.

Be nice if the form was more specific and had an option that explicitly said "Only transfer on maturity" that I'm sure I've seen on other transfer forms.

soulsaver

littlemissbossy said:

soulsaver said:

How are people finding VM transfers from their maturing VM fixed Isas to a VM fix later issue? 
It should be done in minutes, shouldn't it? Is that happening? Or are they still screwing it up?

Asking because I've got a couple maturing shortly and I had a bit of mare with them last year when they closed a fix ISA early and charged a penalty when the request was to transfer at maturity.

I gained from the resolution but I'd prefer it all happened smoothly.

Is it any better now?

@soulsaver

I requested a transfer of my VM fixed ISA on the 18th August, my ISA doesn't mature until 24th Sept.  So far so good, they haven't closed it early..... I'll come back to you if they do.

I'm trying to reach November 22nd... for OH's as well   

littlemissbossy

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

sparkiemalarkie said:

My Virgin ISA matures on 30th September.
Can I open a 5.05% fixed rate Virgin ISA and request a transfer of the maturing ISA into this one even though it's more than 30 days away?

tia

sx

Here's the bit of the VM Cash ISA xfer form that (I think) says that you can apply up to six weeks before maturity

Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:  

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

or......

https://uk.virginmoney.com/virgin/downloads/cash-isa-transfer-form.pdf

You would be correct that the form states you can serve notice up to 6 weeks from the date you submit it.

Be nice if the form was more specific and had an option that explicitly said "Only transfer on maturity" that I'm sure I've seen on other transfer forms.

Hi

The form does give the option to choose transfer on maturity. 

flaneurs_lobster

littlemissbossy said:

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

sparkiemalarkie said:

My Virgin ISA matures on 30th September.
Can I open a 5.05% fixed rate Virgin ISA and request a transfer of the maturing ISA into this one even though it's more than 30 days away?

tia

sx

Here's the bit of the VM Cash ISA xfer form that (I think) says that you can apply up to six weeks before maturity

Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:  

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

or......

https://uk.virginmoney.com/virgin/downloads/cash-isa-transfer-form.pdf

You would be correct that the form states you can serve notice up to 6 weeks from the date you submit it.

Be nice if the form was more specific and had an option that explicitly said "Only transfer on maturity" that I'm sure I've seen on other transfer forms.

Hi

The form does give the option to choose transfer on maturity. 

Your eyesight is better than mine, or we are looking at different forms. 

It caters for ISAs reaching maturity but I'm not seeing an explicit option that says "only transfer on maturity".

littlemissbossy

flaneurs_lobster said:

littlemissbossy said:

flaneurs_lobster said:

PRAISETHESUN said:

flaneurs_lobster said:

sparkiemalarkie said:

My Virgin ISA matures on 30th September.
Can I open a 5.05% fixed rate Virgin ISA and request a transfer of the maturing ISA into this one even though it's more than 30 days away?

tia

sx

Here's the bit of the VM Cash ISA xfer form that (I think) says that you can apply up to six weeks before maturity

Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:  

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

or......

https://uk.virginmoney.com/virgin/downloads/cash-isa-transfer-form.pdf

You would be correct that the form states you can serve notice up to 6 weeks from the date you submit it.

Be nice if the form was more specific and had an option that explicitly said "Only transfer on maturity" that I'm sure I've seen on other transfer forms.

Hi

The form does give the option to choose transfer on maturity. 

Your eyesight is better than mine, or we are looking at different forms. 

It caters for ISAs reaching maturity but I'm not seeing an explicit option that says "only transfer on maturity".

I’m transferring an existing VM fixed ISA to the exclusive 5.05% fixed ISA, is that the difference?

edit: sorry for being unclear, this was the online form/transfer request. 

soulsaver

VM transfer form:
"Where a period of notice is needed for closure/part transfer of the existing Cash ISA or the existing Cash ISA is a fixed term deposit that’s not reached its maturity date, I give my consent to either:

Serve notice before this instruction can be processed. The notice period must be no longer than six weeks from the date of the application.

OR

Go ahead with the transfer immediately and I will bear any consequential penalty which may be applied"

Whilst not 'explicit' it does seem to clearly cover it.

pookey

Does anyone know if we can have more then one of these accounts please? 

badger09

pookey said:

Does anyone know if we can have more than one of these accounts please? 

Virgin allow you to subscribe ie pay new money into, only one cash ISA with them per year. You could have more than one if you pay into only one & use the other(s) for xfers. I don’t know how strictly they apply this. 

art123_2

You either need to have, or open, a Virgin Current A/C in order to qualify for the 1 year fixed ISA at 5.05%.  I am considering opening a joint Current A/C with my wife to enable us to both transfer in our ISAs, which are maturing soon.  However, I dont want to switch over our Current Account to Virgin, and I have read the terms and conditions and can't see anything about having to pay in x amount monthly, or transfer direct debits over, in order to qualify for this deal.  So, my question is, can I simply open a Virgin Current Account, leave £1 in it and not use it, purely for the purpose of getting the higher 5.05% ISA rate.