Cash ISA providers who allow partial transfers out?

refluxer

ericlered7 said:

flaneurs_lobster said:

ericlered7 said:

At what point in the process am I guaranteed the current advertised rates?

Summary says that the rate will apply if the ISA is funded by 1 June.

Thanks, I saw that. I'm unsure if funded means money in the account, or transfer in requested? Guessing the latter, surely they couldn't reduce the rate offered if the transfer drags on past 1st June?

1st June isn't actually a funding deadline or a deadline to secure the rate - it's just the date they use for the interest rate example calculations for the summary box.

Santander fixed rate cash ISAs actually have quite a generous funding window for new subscriptions - you can fund the ISAs currently on offer with money from the current ISA allowance until 30th June.

External transfers-in are slightly different though - if you've opened the account today, your transferred funds will need to be credited within 30 days - so 18th June at the latest.

ericlered7

refluxer said:

ericlered7 said:
Have opened the Santander account now & will initiate the transfer shortly. 

At what point in the process am I guaranteed the current advertised rates?

You're guaranteed the rate once your application is accepted, but you'll need to get the transfer request in within 14 days and the money will have to be credited within 30 days.

I think a few people have had issues with regards to Zopa ISA transfers, so I'd get the request in ASAP. Don't forget the transfer has to be a full transfer to qualify for the voucher. 

As Zopa cash ISAs are simply a 'pot' within the Smart Saver, they don't have an individual sort code and account number so you'll have to go into the app and search for your 'Smart ISA Reference Number'. As reference numbers are usually non-standard, I always put them in the 'roll number/reference number' field on an ISA transfer form but a Zopa Smart ISA Reference Number is an 8-digit number, so I'm not sure whether it would go into the (conventional) account number field instead. It may not actually matter, but it might be worth checking on this.

Presumably you've just got one 'access' Zopa ISA pot and no 'fixed term' pots ? The latter would also get transferred if you had any (due to the 'no partial transfers-out' policy), which would incur a penalty. 

Thanks again, appreciate it. Yes just one access pot, thankfully. I think Zopa FAQ says to use the reference as a roll number but will check.

refluxer

ericlered7 said:

refluxer said:

ericlered7 said:
Have opened the Santander account now & will initiate the transfer shortly. 

At what point in the process am I guaranteed the current advertised rates?

You're guaranteed the rate once your application is accepted, but you'll need to get the transfer request in within 14 days and the money will have to be credited within 30 days.

I think a few people have had issues with regards to Zopa ISA transfers, so I'd get the request in ASAP. Don't forget the transfer has to be a full transfer to qualify for the voucher. 

As Zopa cash ISAs are simply a 'pot' within the Smart Saver, they don't have an individual sort code and account number so you'll have to go into the app and search for your 'Smart ISA Reference Number'. As reference numbers are usually non-standard, I always put them in the 'roll number/reference number' field on an ISA transfer form but a Zopa Smart ISA Reference Number is an 8-digit number, so I'm not sure whether it would go into the (conventional) account number field instead. It may not actually matter, but it might be worth checking on this.

Presumably you've just got one 'access' Zopa ISA pot and no 'fixed term' pots ? The latter would also get transferred if you had any (due to the 'no partial transfers-out' policy), which would incur a penalty. 

Thanks again, appreciate it. Yes just one access pot, thankfully. I think Zopa FAQ says to use the reference as a roll number but will check.

I've not had to transfer out from Zopa myself yet but that would make sense, as I guess it's a reference number and not strictly an account number in the conventional sense.