Barclays Bank New ISA 6.50 AER

iblametheparents

bristolleedsfan wrote: »

As you work for Barclays will the Branches be processing the account openings or will Barclays ISA office be filling their in trays with ISA applications for the second year running.? :eek:

I don't work in the ISA team but I've been told due to what happened with the Tax Beater ISA (and them still having a backlog from last year till quite recent!) they are going to be done electronically, ie not via the post. I'm sure this means applications can be completed in branch, over the phone and on the net. I'll find out the details for you. I feel sorry for the Savings & ISA team, they're going to be so busy from next week!

If anyone has Barclays savings accounts, they are also introducing two new savings accounts next week so I'd recommend transferring your money from the old accounts to these new ones.

bristolleedsfan

Kneale wrote: »

If anyone has Barclays savings accounts, they are also introducing two new savings accounts next week so I'd recommend transferring your money from the old accounts to these new ones.

http://www.moneyextra.com/news/news-barclays-unveils-037965.html

Ologhai

bristolleedsfan wrote: »

Because its not available until 3rd March.

Even so, I would've expected them to be promoting it on their ISA page.

bristolleedsfan

Ologhai wrote: »

Even so, I would've expected them to be promoting it on their ISA page.

Its common practice that information is not put on webpages until the product is officially available unless the Provider concerned is seeking advance registrations. ( This applies to Building Societies and Banks)

MiserlyMartin

So are we going to be able to transfer last years ISA deal into this new one or don't we know yet?

Some people are saying that if you have more than 9K, the Lloyds fixed ISA at 6.5% would be a better deal than the new Barclays ISA. But if I were to transfer this years Barclays one to the Lloyds one it will take me above the 'safe' 35K level. I think quite a few of us are at the stage now where we need not one, but two different top paying ISA deals because we don't want to put more than 35K in one bank. Its difficult to know what to do.

bristolleedsfan

MiserlyMartin wrote: »

So are we going to be able to transfer last years ISA deal into this new one or don't we know yet?

Nope no transfers accepted.

Yes LloydsTSB 6.50% fix is best for those with 9000.00 +

MiserlyMartin

I got hold of Lloyds, asked them if we can have more than one fixed rate ISA's (for ease of splitting the money into 35K chunks), the answer is no.

When does the bonus of the Barclays Tax Beater ISA run out please?

iblametheparents

MiserlyMartin wrote: »

When does the bonus of the Barclays Tax Beater ISA run out please?

Exactly a year after you first opened it.

merlinthehappypig

Barclays are somewhat shooting themselves in the foot by not allowing transfers in, at least from existing customers.

I'd assume the vast majority of us with Tax Beater ISA's from last year will be taking them elsewhere when the bonus ends given the combination of the poor rate compared with other ISA's and memories of the fiascos we endured opening them.

bristolleedsfan

I agree seems silly Barclays incurring all the costs setting up last years ISA accounts, including backdating interest on many accounts, costs involved in transferring these accounts out and then more costs setting up virtually identical accounts this year.

People should think of applying to transfer out of Taxbeater ISA at least a month before the bonus is due to end so as not to risk being on the lower rate during the transfer out process.

Im giving notice as of now to transfer out, so as to increase the chance of transferring into Nationwides One Year Fix at the 6.15% rate. :cool: