Transfer Cash ISAs Discussion Area

robbieroy

10_66
Thanks for your advice and the 'phone number, which I called. I spoke with someone in the Northampton office who informed me that transfers are dealt with by head office and he gave me a number for head office. I contacted them and informed them of the situation an they told me that the application would be honoured as long as it with signed and dated before the 25th March.
I hope this brings good news to anyone else in the same position as myself with the Nationwide transfer.
RR

gunmaker

wige wrote: »

Hi, just checking that my interpretation of the deals and the restrictions they have is correct.

I have £3220 in this year's ISA with A&L.

Is it best for me to open an A&L Flexible Saver after April 5th with a new savings injection of £5100 so I can start earning 3.5% interest on that...

Yes, that's the best thing to do, however...........

.........the A&L flexible ISA rate is reducing to 3.2% after Monday 29th March.

If you want the 3.5% you MUST visit your local branch today or Monday at the latest.

Others say the 3.5% rate has already closed. My local branch told me Monday night was the latest when I opened my Flexible ISA yesterday.

A&L are still advertising 3.5% on their website at the moment, but you can't open an account online, you must visit a branch.

trinidadone

i have over 30K for First Direct ISA (instant acces) paying 3% until November 2010. Should I stay with First Direct?

Also, I am a little confused regarding the A&L / Santander ISA account paying 3.5%. I understand they will shortly lower the rate to 3.2% I want to open a santander ISA on Monday for 2k10 - 2K11, can I do this, or do i need to wait until 6th April? If I can open this ISA on monday, do I have to fund it with £1? Currently I have used the £3600 alliance for this year

UPDATE*

I have just called santander, there call centre informed me they are not taking applications for 2k10 - 2k11 until the new financial year (6th April 2010). The nice lady, louise told me from 6th, customers will be able to apply at branch, on the telephone and online.

MarkyMarkD

You can't "fund it with £1" if you've already used up your ISA allowance for 2009/10!

Sanzai

trinidadone wrote: »

i have over 30K for First Direct ISA (instant acces) paying 3% until November 2010. Should I stay with First Direct?

Also, I am a little confused regarding the A&L / Santander ISA account paying 3.5%. I understand they will shortly lower the rate to 3.2% I want to open a santander ISA on Monday for 2k10 - 2K11, can I do this, or do i need to wait until 6th April? If I can open this ISA on monday, do I have to fund it with £1? Currently I have used the £3600 alliance for this year

UPDATE*

I have just called santander, there call centre informed me they are not taking applications for 2k10 - 2k11 until the new financial year (6th April 2010). The nice lady, louise told me from 6th, customers will be able to apply at branch, on the telephone and online.

Perhaps best to try A&L then, since I have just today set up a flexible ISA for the 2010/11 tax year with them, with money to be paid at some point next year since I have already paid into a cash ISA this year.

gunmaker

Santander still advertising its Flexible ISA @ 3.5% in today's National Press.

Advising to visit local branch today to open.

Amar1

Hello,

I have an ISA with Natwest which was getting approximately 3.00% although as this new tax year opens, the bank have told me that it is going to be 0.5% should I bother to put any money into this ISA or do you think it would be best to transfer over to a new ISA? I also have a question, would the transfer be limited to £5,100 or £5,100 and my existing amount of ISA?

10_66

Amar1 wrote: »

I have an ISA with Natwest which was getting approximately 3.00% although as this new tax year opens, the bank have told me that it is going to be 0.5% should I bother to put any money into this ISA or do you think it would be best to transfer over to a new ISA?

You should definitely transfer to another provider to get a better rate than 0.50%. Whether you add 2010/2011 allowance to it before you transfer depends on whether you're transferring into an ISA (ie a fixed rate account) that doesn't permit you to add to it once opened. If you're going to transfer it into a variable rate account, they usually allow you to add to it, so it wouldn't matter whether you transfered into it before or after the transfer. Best to check first. If you decide you want to transfer, HERE is a link that should help you decide where to transfer to.

someone

Amar1 wrote: »

Hello,

I have an ISA with Natwest which was getting approximately 3.00% although as this new tax year opens, the bank have told me that it is going to be 0.5% should I bother to put any money into this ISA or do you think it would be best to transfer over to a new ISA? I also have a question, would the transfer be limited to £5,100 or £5,100 and my existing amount of ISA?

Is this the e-ISA account opened on or before 14 May 2009?

aj9648

Hi

I opened up a Barclays Golden Cash ISA 2 years ago and have just uner £7.5K in there. I have used my allowance for 2009/10

I would like to transfer this to another higher earning account as I think the rate falls after this year ends. Could anyone suggest where I could do this to? Would it be possible to open the new Golden ISA account with Barclays - stick the 7.5K in there and also the 3K for 2010/11 and be earning the high rate of interest?

Thanks