Skipton BS One Year Fixed Rate ISA 6.26%

bristolleedsfan

emc wrote: »

After the 1 year fix period, the ISA reverts to an ISA Easy Saver, which I believe has no restrictions or costs on transferring to another provider.

I shall be giving notice around a month before fixed rate to transfer out, with instructions to B+B not to implement the transfer out until the maturity date.

After fixed rate ends their will be no costs or restrictions on transferring out.

[Deleted User]

bristolleedsfan wrote: »

I shall be giving notice around a month before fixed rate to transfer out, with instructions to B+B not to implement the transfer out until the maturity date.

After fixed rate ends their will be no costs or restrictions on transferring out.

So given that they need a months notice would doing this mean you're giving them the month and maximising your interest with another ISA provider?

emc

bristolleedsfan wrote: »

I shall be giving notice around a month before fixed rate to transfer out, with instructions to B+B not to implement the transfer out until the maturity date.

After fixed rate ends their will be no costs or restrictions on transferring out.

Yep, in each of the last three years, I have also opened a 1 year fix with B&B and then transferred to another provider after the fixed rate period.

B&B offer a competitive rate for 1 year, but then the ISA becomes the Easy Saver with a very poor rate, currently 4.75%.

This year, I thought I'd open my ISA with the Skipton, and this morning, I tried to hand in an application form with a cheque for £3600 at the local Skipton to open their 6.26% fix rate account on Monday. However they asked me to call back next week, as their manager had instructed them not to take advance applications. I walked around the corner to the B&B, and handed in my application to a lady who said that she had taken 6 advance applications today, and 20 yesterday.

tradetime

Quite popular this one as you'd expect, popped into the Holborn branch this morning and there was quite a queue, most people in front of me were opening the ISA, and at least a dozen folks after while I was filling out forms.

JamesPond

I would open the Skipton one but on their ID list A, they ask for

-current signed passport - cant as Im going away soon and I woudnt send it anyway
-driving license - I need it for driving
-bank statement AND corresponding credit/debt card - Im definitely not sending my card through the post.

nathanhill69

JamesPond wrote: »

I would open the Skipton one but on their ID list A, they ask for

-current signed passport - cant as Im going away soon and I woudnt send it anyway
-driving license - I need it for driving
-bank statement AND corresponding credit/debt card - Im definitely not sending my card through the post.

Give them a call as they did both my and my partners ID checks electronically over the phone (must be linked to the electoral roll). I double checked with them twice, and with two separate operators, wether I still needed to back up my proof of ID with documentation with the application but they insisted that I did not and that their records will show I am who I say I am and my application will be processed.

JamesPond

Ive opted for the B&B as I already have an account with them and it was easier to apply online.

Also would I be right in saying that even though B&B and Skipton rates are similar at 6.25% and 6.26%, if you open the account from April 10th onwards you will be better off with B&B (Based on the assumption that the skipton cash ISA rate doesnt go up). B&B pays 6.25% for a year from the account opening date whereas the Skipton pays 6.26% until April 5th where it then reverts to cash ISA currently 5.5%. According to my rough interest calculations:-

A/C opening|B&B|Skipton (Skipton 6.26 and 5.5)
April 9| £225| £225.06
April 10| £225| £224.98
April 15| £225| £224.61
May 1 |£225| £223.41

or am I wrong

bristolleedsfan

nathanhill69 wrote: »

Give them a call as they did both my and my partners ID checks electronically over the phone (must be linked to the electoral roll). I double checked with them twice, and with two separate operators, wether I still needed to back up my proof of ID with documentation with the application but they insisted that I did not and that their records will show I am who I say I am and my application will be processed.

Call Credit is actually part of the Skipton Group

http://www.callcredit.co.uk/home

http://www.skiptongroup.com/