Transfer Cash ISAs Discussion Area

Middle_Sister

I opened a Santander 3.5% ISA for 12 months with new money. I also opened a 3.5% Santander fixed 3 yr ISA with a zero balance and then transferred in my other big money ISA. My Barclays Golden ISA has matured, can I now also transfer this to my 3.5% fixed 3 yr ISA with Santandar?

10_66

Middle_Sister wrote: »

...My Barclays Golden ISA has matured, can I now also transfer this to my 3.5% fixed 3 yr ISA with Santandar?

Usually, you can't add to fixed rated accounts once opened. However, on some, you can add to them so long as the account's still available. You really need to check your 3 year fixed rate ISAs terms and conditions.

antispam246

Damn it, there's not even any remotely half decent deals for transferring old money. More specifically, old money, online access, 1 year.

Yogibear

I am not sure how to do this I am 65 in July and will get the higher personal allowance is it worth my while putting money in an Isa at a fixed rate or just put it in an easy access with the same rate>I`m only speaking about £9500

Nessie23

Yogibear wrote: »

I am not sure how to do this I am 65 in July and will get the higher personal allowance is it worth my while putting money in an Isa at a fixed rate or just put it in an easy access with the same rate>I`m only speaking about £9500

Hi Yogibear,

In general I would be reluctant to fix money at present on a Fixed rate ISA due to the current low rates. The hope is that interest rates will rise, but this is an expectation rather than a certain outcome.

Would this be for an ISA transfer or for a new money into an ISA?

Even though you will get a higher personal allowance I would be inclined to still use the ISA allocation, provided the interest rates you are getting for the ISAs are competitive.
I didn't quite understand this from your post, but do you currently pay tax on your interest?

Nessie

antispam246

My current ISA which is Halifax's Direct Reward ISA @ 3% ended today. I haven't really been able to make my mind up over what to do, fixing versus instant access. I'm leaning more towards an instant access. As it stands the best 2 offers that allow transfers in are

Santander Direct ISA Issue 6 @ 2.75%
and
A&L Direct ISA Issue 6 @ 2.75%

Obviously with the merger these are one in the same. The thing is, which should I apply for? I hold current and saving accounts with A&L and have received notifications about the upcoming mergers which will place everything under Santander. I'm not sure if it would be easier to go through A&L as I have all my A&L accounts setup online already, then let Santander do the complete move for me automatically later OR should I apply through Santander so it's already done?

If I did it through A&L, as i'll be transferring in my existing ISA will this complicate or delay things further?

One other query. I haven't paid this years allowance into Halifax ISA (£5100) but as far as I can tell, although the account ends today, I could still do this. Ironically I now have the funds available to do this. So, should I

Top up Halifax now, then transfer OR

Transfer to A&L/Santander then add the £5100

any help appreciated. Hopefully get this all under way before the end of the day.

Norman-B

I'm going for the National Counties @ 3.10%. They accept transfers in.

boobbby

antispam246 wrote: »

My current ISA which is Halifax's Direct Reward ISA @ 3% ended today. I haven't really been able to make my mind up over what to do, fixing versus instant access. I'm leaning more towards an instant access. As it stands the best 2 offers that allow transfers in are

Santander Direct ISA Issue 6 @ 2.75%
and
A&L Direct ISA Issue 6 @ 2.75%

Obviously with the merger these are one in the same. The thing is, which should I apply for? I hold current and saving accounts with A&L and have received notifications about the upcoming mergers which will place everything under Santander. I'm not sure if it would be easier to go through A&L as I have all my A&L accounts setup online already, then let Santander do the complete move for me automatically later OR should I apply through Santander so it's already done?

If I did it through A&L, as i'll be transferring in my existing ISA will this complicate or delay things further?

One other query. I haven't paid this years allowance into Halifax ISA (£5100) but as far as I can tell, although the account ends today, I could still do this. Ironically I now have the funds available to do this. So, should I

Top up Halifax now, then transfer OR

Transfer to A&L/Santander then add the £5100

any help appreciated. Hopefully get this all under way before the end of the day.

I also have Alliance and Leicester and current accounts so I opened the A&L Direct ISA Issue 6 @ 2.75% and transfered money in my previous ISA's into this account. I also opened the flexible Isa at 3.2% for this years ISA money. As this is no longer available I would if I was you just put this years allowance into A&L Direct ISA Issue 6 @ 2.75%. If you went to trouble of finding an account paying 3% then this is only an extra £13 interest. You can open the A&L Direct ISA Issue 6 @ 2.75%on line then next day you will receive your account number. All you need to do then is download the transfer form and send it to A & L. (keep it simple). If a really good rate become available you will still have the option to move all your money without penalty.

antispam246

Norman-B wrote: »

I'm going for the National Counties @ 3.10%. They accept transfers in.

Unfortunately I don't quite have £35k

boobbby wrote: »

I also have Alliance and Leicester and current accounts so I opened the A&L Direct ISA Issue 6 @ 2.75% and transfered money in my previous ISA's into this account. I also opened the flexible Isa at 3.2% for this years ISA money. As this is no longer available I would if I was you just put this years allowance into A&L Direct ISA Issue 6 @ 2.75%. If you went to trouble of finding an account paying 3% then this is only an extra £13 interest. You can open the A&L Direct ISA Issue 6 @ 2.75%on line then next day you will receive your account number. All you need to do then is download the transfer form and send it to A & L. (keep it simple). If a really good rate become available you will still have the option to move all your money without penalty.

Thanks. Yeh, totally agree, I stopped looking for a 3%+ it becomes too much of a hassle, plus I like to be able to monitor things online and 1 year fixed options at 3% are post/branch only. Again, I'll feel abit at ease knowing i'm not fixed in.

Edit: Just to clarify, would it beb est to open the A&L Isa and deposit it immediately with this years £5100 then process my transfer after?

boobbby

antispam246 wrote: »

Unfortunately I don't quite have £35k



Thanks. Yeh, totally agree, I stopped looking for a 3%+ it becomes too much of a hassle, plus I like to be able to monitor things online and 1 year fixed options at 3% are post/branch only. Again, I'll feel abit at ease knowing i'm not fixed in.

Edit: Just to clarify, would it beb est to open the A&L Isa and deposit it immediately with this years £5100 then process my transfer after?

For the transfer from old ISA's you will need to use the transfer forms. For this years money you could just pay it in from you current account or use BACs from other outside accounts. Once they have have added the new ISA account to your other accounts you can do it online so it doesnt really matter in which order you pay in the money.