Icesaver introducing ISA from tomorrow

Stompa

Launching 15th Jan according to Icesave website.

caliston

bristolleedsfan wrote: »

Icesave rate is likely to stay higher for longer than scarboroughs ISA rate.

http://www.scarboroughbs.co.uk/savingsandinvestments/products/notice_isa.html?icid=B107-49888344-069L

I notice a sharp practice by Scarborough is this:

Can I transfer my current Mini Cash ISA from the Scarborough to another provider?

Yes, by providing us with your instructions, we can arrange to transfer your ISA to another ISA Manager, but please check the new ISA Manager can accept your transfer before confirming your wishes to us. We will complete the transfer in no more than 30 days following your instruction, and this will be subject to the 30 days closure charge.

Anyone know if you can transfer into their instant access ISA without a fee? (And then transfer out of it straightaway). Is there a document giving all the HMRC rules on transfers as to whether this sort of thing is allowed (it seems like an unavoidable charge for transferring out).

CannyJock

Official government website on ISA's:

http://www.hmrc.gov.uk/isa

There are bulletins in there aimed at ISA providers if you want to wade through them.

Lavendyr

As a side note, anyone else finding the Icesave site very slow right now? Maybe they are working on the ISA page

masonic

Lavendyr wrote: »

As a side note, anyone else finding the Icesave site very slow right now? Maybe they are working on the ISA page

It'll be even slower now everyone is rushing off to check it.

Mikeyorks

caliston wrote: »

Is there a document giving all the HMRC rules on transfers as to whether this sort of thing is allowed (it seems like an unavoidable charge for transferring out).

Yes (the .pdf on the link given). But charges / interest rates etc are commercial - and not subject to HMRC dictate.

raider

The links are now on the Icesave site to join the ISA.

I waited ages for Icesave to start an ISA, now I'm stuck in the middle of a transfer from B&B to Kent relience. :mad::mad::mad:

edda

Link to Icesave page with ISA details here:

http://www.icesave.co.uk/easy-access-isa.html

Even beats the NS&I rate at the moment:

http://www.icesave.co.uk/easy-access-isa-how-we-compare.html

oldagetraveller

What a shame the transfer form download isn't working. Just 'phoned them and they are aware of the problem.
Maybe they should have made sure it worked first?

Stompa

I've already opened a Mini Cash ISA this year. Am I permitted to open a second one with Icesave that will only be funded by transfers in from other providers (i.e. no new cash)?

I've been unable to find the answer to this on the HMRC website.

Thanks

Stompa