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Icesave easy access ISA

Greenie67
Greenie67 Posts: 5 Forumite
in Savings & investments
Just wondering if anybody else has experience of this account. I recently transferred my existing ISA balance from an account paying 0.5% interest less, but my first months interest from Icesave was about £4 less than I had earned in the previous 2 months with my original provider (IF).

Does anybody have any ideas why this would happen. Icesave are currently appearing near the top of all the best buy charts, but I am beginning to wonder if I have made a mistake in transferring to this account.

Thanks.

Comments

  • McSaver
    McSaver Posts: 609 Forumite
    I have heard reports that Icesave dont backdate the interest whilist transfering money in from a different provider.
    Had £80,000 in Savings - All GONE!!! BYE BYE
    :A Single, 27, Aspie, Gooner :A
  • Baldur
    Baldur Posts: 6,565 Forumite
    Has your ISA been with Icesave for a full month between the date of transfer and the date on which they add monthly interest? I was with Icesave but on annual interest, which was spot on - I only transferred out to take advantage of a better fixed rate offering.
  • Greenie67
    Greenie67 Posts: 5 Forumite
    Thanks for replies guys. The money was with them for a full month. Transfer in date was 20th March and the interest added covered the period from the transfer in date to 20th April.
  • Baldur
    Baldur Posts: 6,565 Forumite
    Greenie67 wrote: »
    The money was with them for a full month. Transfer in date was 20th March and the interest added covered the period from the transfer in date to 20th April.

    Suggest that you query this with them.
  • simbo36
    simbo36 Posts: 2 Newbie
    Greenie67 wrote: »
    Just wondering if anybody else has experience of this account. I recently transferred my existing ISA balance from an account paying 0.5% interest less, but my first months interest from Icesave was about £4 less than I had earned in the previous 2 months with my original provider (IF).

    Does anybody have any ideas why this would happen. Icesave are currently appearing near the top of all the best buy charts, but I am beginning to wonder if I have made a mistake in transferring to this account

    I am having the same problem with IceSave and awaiting a response. The chap I telephoned didn't have a calculator to check the figures, he could only read the figures on the screen (same as I could) - very little help, I too wonder if I've made a mistake in transfering
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