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Thought I had it worked out, now I'm not sure
frivolous_fay
Posts: 13,302 Forumite
This was the plan:
- Transfer my two ISAs into a Nationwide ISA 1y fixed rate bond.
- Open a regular saver ISA at a better rate, and pay this year's allowance into it.
The back of my Nationwide application form says
'[I declare that] I have not subscribed and will not subscribe to another cash ISA in the same tax year that I subscribe to this cash ISA' (with a note adding that accounts with Portman or Nationwide don't count as 'another cash ISA'
As I don't intend to pay cash into the Nationwide account, can I ignore this? Or is it some sneaky way to stop me opening an account with someone offering a better rate?
Or am I misunderstanding the word 'subscribe'?
- Transfer my two ISAs into a Nationwide ISA 1y fixed rate bond.
- Open a regular saver ISA at a better rate, and pay this year's allowance into it.
The back of my Nationwide application form says
'[I declare that] I have not subscribed and will not subscribe to another cash ISA in the same tax year that I subscribe to this cash ISA' (with a note adding that accounts with Portman or Nationwide don't count as 'another cash ISA'
As I don't intend to pay cash into the Nationwide account, can I ignore this? Or is it some sneaky way to stop me opening an account with someone offering a better rate?
Or am I misunderstanding the word 'subscribe'?
My TV is broken! 
Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
0
Comments
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The word 'subscribe' is referring to 'new' money that you're putting in. They're covering their backs with the statement to ensure that you're not opening two cash ISAs that you'll pay into in one year. So, yes, you can do exactly as you propose.
KiKi' <-- See that? It's called an apostrophe. It does not mean "hey, look out, here comes an S".0 -
Muchas gracias!My TV is broken!
Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j0
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