Virgin ISA one year fixed transfer question

borderline

https://forums.moneysavingexpert.com/discussion/comment/81929569#Comment_81929569

I chose yearly, The new account has the full amount I had (20k) plus £18 that apparently I earned since I opened it ten days ago.. the £18 haven't cleared yet.

maybe when these £18 clear the account will update to 4.22 % interest??

Shylock_249

Sometimes Virgin have 2 ISAs running at the same time which at first sight look identical, eg 1 year 4.15% and another with a fixed end date of just over a year at 4.22%.

IIRC Virgin are currently offering a fixed end date ISA until 23 March 27 paying 4.22%.

Perhaps they like to have multiple customers' ISAs maturing on the same date.

snowstormcat

https://forums.moneysavingexpert.com/discussion/comment/81929558#Comment_81929558

Did you do this yourself online or did you have to message Virgin for them to do the transfer for you?

Yorkie1

https://forums.moneysavingexpert.com/discussion/comment/81930502#Comment_81930502

Did you opt for monthly interest rather than annual interest?

borderline

https://forums.moneysavingexpert.com/discussion/comment/81940110#Comment_81940110

I did it myself , since I was within the 14 days since I opened the 1st one , I could do it and no problem

Shylock_249

https://forums.moneysavingexpert.com/discussion/comment/81940212#Comment_81940212

I always ask for annual interest, it makes keeping records so much easier. I did have a Virgin Current Type account which paid monthly interest, the interest was taxable and having to add up 12 monthly payments of only a few pence each month was more trouble than it was worth.

Obviously with an ISA you wouldn't need to keep records for HMRC.

Good Luck