Full ISA Guide Discussion Area

marathonic

innovate wrote: »

Yes and yes

(PS: an SO on these parts of the forum is a Standing Order - - not that it matters, but I can't for the life of me think what your SO is)

Took me a while too - 'significant other' I think!!

RisingDamp

Thanks, Innovate. The SO is my husband, not a standing order !!!!! I've just come off the phone after transferring the Santander into the higher paying ISA. Will need to find the paperwork for the Barclays one, but they've confirmed I can do this without any problem. And it was all so easy .....

RisingDamp

Looking now at the Barclays ISA (Golden ISA Issue 3) I see that the interest rate is still 2.22%. Am wondering if it's worth the bother transferring, given that Santander's is a variable rate.

Evangeline-x-

Hi.
I know I am being daft but I am so confused about my Isa. I have a two year fixed Isa with Santander (3.6%). After start of April can I open a new Isa? Or will I be allowed to have another years allowance added onto the existing isa at 3.6%? Hope that makes sense:o

Thank you

innovate

You can start a new ISA in each financial year, i.e. after April 5.

badger09

Evangeline-x- wrote: »

Hi.
I know I am being daft but I am so confused about my Isa. I have a two year fixed Isa with Santander (3.6%). After start of April can I open a new Isa? Or will I be allowed to have another years allowance added onto the existing isa at 3.6%? Hope that makes sense:o

Thank you

You can start paying into a new ISA on or after 6th April.

You can't add to the Santander 2 year fixed rate 3.6% because its T&Cs don't let you add to it - which is the norm for fixed rate/fixed term ISAs.

Just open the best one you can find

momist

Hi, I have a specific question about one issue.

I understand that many cash ISA providers specify no transfers in, meaning transfer of previous years accounts into the new offering. Does this also preclude transfers in of this year's ISA allowance?
e.g. If I open a new ISA using new money with one bank, and later a better interest is offered by another bank but with "no transfers" can I not move this year's money to them?

I've read and re-read various T&Cs, but can't find the money differentiated this way.

Thanks if you know the answer. :beer:

rb10

momist wrote: »

Hi, I have a specific question about one issue.

I understand that many cash ISA providers specify no transfers in, meaning transfer of previous years accounts into the new offering. Does this also preclude transfers in of this year's ISA allowance?
e.g. If I open a new ISA using new money with one bank, and later a better interest is offered by another bank but with "no transfers" can I not move this year's money to them?

I've read and re-read various T&Cs, but can't find the money differentiated this way.

Thanks if you know the answer. :beer:

'No transfers in' means no transfers in of any sort ... whether you are transferring in previous years' allowances or transferring the current year allowance from another ISA.

These accounts only allow you to subscribe new money to them.

dingdong11

HELP!!!
Yesterday, I closed a savings account to put into my on going ISA and while doing so, noticed a large poster behind the desk at Santander quoting 2.8% which is 1.2% better than my current ISA and I naively thought it was an Easy Access account. The lady said no one could discuss as all were busy and that applications closed online at 4pm.
When I got home at 9.40, I was surprised it was still available and as I didn't know if this would close shortly, I rushed to apply for it. Immediately after confirming the application, I noticed that I am tied into this for 2 years and if I cancel I get penalties.
Do I have a right to cancel/is there a cooling off period? I am considering Santanders 2.5% Easy Access ISA, so would like to reapply. I will need any money I put in for emergencies, so I cannot afford to have it tied in for 2 years.
I don't have much time to sort this without upsetting work, so any help to sort this as smoothly as possible would be appreciated.
If I can cancel, do I need confirmation of cancellation, before I can open the correct account?
Many thanks for any help you can provide!

badger09

dingdong11 wrote: »

HELP!!!
Yesterday, I closed a savings account to put into my on going ISA and while doing so, noticed a large poster behind the desk at Santander quoting 2.8% which is 1.2% better than my current ISA and I naively thought it was an Easy Access account. The lady said no one could discuss as all were busy and that applications closed online at 4pm.
When I got home at 9.40, I was surprised it was still available and as I didn't know if this would close shortly, I rushed to apply for it. Immediately after confirming the application, I noticed that I am tied into this for 2 years and if I cancel I get penalties.
Do I have a right to cancel/is there a cooling off period? I am considering Santanders 2.5% Easy Access ISA, so would like to reapply. I will need any money I put in for emergencies, so I cannot afford to have it tied in for 2 years.
I don't have much time to sort this without upsetting work, so any help to sort this as smoothly as possible would be appreciated.
If I can cancel, do I need confirmation of cancellation, before I can open the correct account?
Many thanks for any help you can provide!

Stop panicking and breathe

Have you paid any money into the Santander Fixed Rate ISA yet?

Have you paid any money into any ISA on or after 6th April 2013?