Icesave easy access ISA

Greenie67

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.

McSaver

I have heard reports that Icesave dont backdate the interest whilist transfering money in from a different provider.

Baldur

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

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

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

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