Barclays Tax Haven Isa reducing to 6.08% from 1.5.08

Baldur

FTSE_in_Mouth wrote: »

You're quite right. I apologise. I have deleted it.

No need to apologise, I hadn't even noticed it.

I could possibly have embellished my response, but the answer would have been essentially the same.

Had a great weekend, by the way!

FTSE_in_Mouth

A bit of human kindness might not have gone amiss and I was caught off-guard too. Glad to hear you had a good weekend. I guess it's some kind of newbie hazing and I will try not to ask such dumb questions....

wheredoesallthetimego

Lokolo wrote: »

I didn't say you had to transfer it straight away, but if rate goes down another 0.25 and Barclays follow next month, then why not?

[edit] allow what about fixed rates? transfer in? plenty do.

I was talking about the idea of opening the new ISA now then transferring when the Barclays one is complete. I suspect fixed rate ISAs would want the transfer or funds on opening and I don't see the point of not waiting until the transfer is possible anyway.

wheredoesallthetimego

Just received a letter saying they are processing the ISA and it can take up to 4 weeks to open - I guess that's another 4 weeks.
They also say interest will be backdated to the opening date not the application date.
Given the lost time/interest and how long I expect this to be a good rate it would have been better to have gone for an ISA that could have been opened more quickly like egg.
Actually it probably still would - might think about that over the weekend and see if I can cancel this - I still have an ess ISA from last year and would be good to reduce the number of institutions.