Anticipated fixed-term rates at start of new financial year?

Albermarle

Bobblehat said:

Yorkie1 said:

Bobblehat said:

Albermarle said:

Bobblehat said:

I did a little digging recently regarding ISA funding windows and I was surprised at the result.

I had previously thought most EA ISAs had long initial deposit widows, but found some as short as 5 & 7 days ... and at least one that was open ended. This is assuming you can trust the word of CS agents or T&C's where they bother to publish such numbers!

If you see an EA ISA product you like now (as gravel_2 mentions), and intend to fund it in 25-26 Tax Year, check the T&C's for how short or long the initial funding window is!

Easy access ISA's would not normally have a funding window. You can add or withdraw from them at any time.

Fixed term ISAs ( which was the OP was enquiring about) do have funding windows, usually 14 to 30 days, but can be less or more, and a few are open ended.

I also thought that EA ISA's would not normally have a funding window either  ..... but when I inquired by live web chat or by looking in the T&C's specifically about initial funding I was told by (or saw) that some say they did. Kent Reliance CS, for example, said 7 days to fund after EA ISA opened. That surprised me! Another Society's CS said 5 days!

Having said that, we've seen plenty of reports on this forum about some CS's being ... let's politely say, .... less accurate than others!

The message is though, EA or Fixed ISA, check the initial funding window beforehand if for some reason you wish to delay funding after opening the account.

Kent reliance is 30 days, according to the documents I received for my recently opened Fixed rate ISA with them

As I've said  ... it's the 7 days initial funding for an Easy Access ISA that surprised me! I hope the CS agent was wrong!

As the other posters indicated, it most likely means that from opening the account, you have to make some kind of deposit within 7 days, or they just delete the account. After that you will be able to add and withdraw to your hearts content.

sammy_zammy

Albermarle said:

Bobblehat said:

Yorkie1 said:

Bobblehat said:

Albermarle said:

Bobblehat said:

I did a little digging recently regarding ISA funding windows and I was surprised at the result.

I had previously thought most EA ISAs had long initial deposit widows, but found some as short as 5 & 7 days ... and at least one that was open ended. This is assuming you can trust the word of CS agents or T&C's where they bother to publish such numbers!

If you see an EA ISA product you like now (as gravel_2 mentions), and intend to fund it in 25-26 Tax Year, check the T&C's for how short or long the initial funding window is!

Easy access ISA's would not normally have a funding window. You can add or withdraw from them at any time.

Fixed term ISAs ( which was the OP was enquiring about) do have funding windows, usually 14 to 30 days, but can be less or more, and a few are open ended.

I also thought that EA ISA's would not normally have a funding window either  ..... but when I inquired by live web chat or by looking in the T&C's specifically about initial funding I was told by (or saw) that some say they did. Kent Reliance CS, for example, said 7 days to fund after EA ISA opened. That surprised me! Another Society's CS said 5 days!

Having said that, we've seen plenty of reports on this forum about some CS's being ... let's politely say, .... less accurate than others!

The message is though, EA or Fixed ISA, check the initial funding window beforehand if for some reason you wish to delay funding after opening the account.

Kent reliance is 30 days, according to the documents I received for my recently opened Fixed rate ISA with them

As I've said  ... it's the 7 days initial funding for an Easy Access ISA that surprised me! I hope the CS agent was wrong!

As the other posters indicated, it most likely means that from opening the account, you have to make some kind of deposit within 7 days, or they just delete the account. After that you will be able to add and withdraw to your hearts content.

It would be especially surprising given that Kent Reliance are one of the few providers that let you add to fixed-rate ISAs too.