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    • lolarentt
    • By lolarentt 30th Mar 10, 3:46 PM
    • 1,005 Posts
    • 978 Thanks
    lolarentt
    • #2
    • 30th Mar 10, 3:46 PM
    Santander isa
    • #2
    • 30th Mar 10, 3:46 PM
    I managed to open one online with Santander and the paperwork has come through and I have transferred the money into it (quick transfer system from another bank).

    My partner, who applied in the same way a few days later (in fact on the 16 March) had acceptance online with temporary reference number but has had nothing through since, and so at the moment has no sort code or account number into which to transfer her funds - if these don't arrive by Thursday then we miss the deadlines - she tried phoning Santander to chase up but they refused to talk about it as it was an online application, and told her she'd have to query online! SO the dilemma - wait the last 2 days or go ahead with an alternative quickly so she doesn't miss the deadline for this year?
  • emphatiC_hanK
    • #3
    • 31st Mar 10, 11:58 AM
    • #3
    • 31st Mar 10, 11:58 AM
    I opened the 3.5% Flexible ISA account over the phone last week, and was accepted and have received all the paperwork and have also set up online access successfully.

    When I applied, I was upfront, and said that I had already invested my 2009/10 allowance elsewhere, and was opening the account in readiness to fund it for the next financial year.

    I was assured during the application process that this was OK.

    However, I am starting to wonder now if they have made a mistake and won't allow me to fund this account next Tuesday with my 2010/11 allowance?
    • Mickygg
    • By Mickygg 31st Mar 10, 12:39 PM
    • 1,473 Posts
    • 1,235 Thanks
    Mickygg
    • #4
    • 31st Mar 10, 12:39 PM
    • #4
    • 31st Mar 10, 12:39 PM
    I opened the 3.5% Flexible ISA account over the phone last week, and was accepted and have received all the paperwork and have also set up online access successfully.

    When I applied, I was upfront, and said that I had already invested my 2009/10 allowance elsewhere, and was opening the account in readiness to fund it for the next financial year.

    I was assured during the application process that this was OK.

    However, I am starting to wonder now if they have made a mistake and won't allow me to fund this account next Tuesday with my 2010/11 allowance?
    Originally posted by emphatiC_hanK
    I went into branch on saturday to do this - and I had confirmed it was possible to open now and pay in for the next tax year. Unfortunately they were fully booked up and I missed the boat
  • user200
    • #5
    • 1st Apr 10, 1:27 AM
    • #5
    • 1st Apr 10, 1:27 AM
    I opened an account today having made an appointment when the 3.5% rate was still on offer. The manager outright refused to honour the rate claiming that A&L had reserved the right to withdraw it.

    I proceeded to open the account anyway due to the hassle that getting to that point had involved.

    Can anyone point me towards a public statement confirming the intention to honour the advertised rate? This might be helpful. I will give A&L one chance to amend the rate. Failing that I'll be going straight to the FSA.
    • jazzconfused
    • By jazzconfused 1st Apr 10, 1:35 AM
    • 1,394 Posts
    • 2,001 Thanks
    jazzconfused
    • #6
    • 1st Apr 10, 1:35 AM
    • #6
    • 1st Apr 10, 1:35 AM
    i managed to put money in my ISA today and they told me i can just continue it for the next financial year. does it mean i managed to get that 3.5% interest for 2010-2011?
    i wish i have live my life a little bit off the book, took a chance and gamble
    • blueberrypie
    • By blueberrypie 1st Apr 10, 7:21 AM
    • 2,357 Posts
    • 5,197 Thanks
    blueberrypie
    • #7
    • 1st Apr 10, 7:21 AM
    • #7
    • 1st Apr 10, 7:21 AM
    i managed to put money in my ISA today and they told me i can just continue it for the next financial year. does it mean i managed to get that 3.5% interest for 2010-2011?
    Originally posted by jazzconfused
    Possibly - the 3.5% is on balances up to 5,100. I haven't looked to see what will happen to balances over that amount.
  • Tatterdemalion
    • #8
    • 7th Apr 10, 2:09 PM
    • #8
    • 7th Apr 10, 2:09 PM
    I would also like to know what interest rate would be applied to funds added to this account now that we have entered a new tax year.

    Is it really the case that you can't contact the Alliance & Leicester/Santander via their website or e.mail to ask this (or any) question ?
    • blueberrypie
    • By blueberrypie 7th Apr 10, 2:22 PM
    • 2,357 Posts
    • 5,197 Thanks
    blueberrypie
    • #9
    • 7th Apr 10, 2:22 PM
    • #9
    • 7th Apr 10, 2:22 PM
    A&L interest rate webpage has been updated and now says the rate is 3.5% on balances up to 10,200 - so you'll get 3.5% on this year's as well as last year's funds.
    • intalex
    • By intalex 7th Apr 10, 5:37 PM
    • 354 Posts
    • 59 Thanks
    intalex
    A&L interest rate webpage has been updated and now says the rate is 3.5% on balances up to 10,200 - so you'll get 3.5% on this year's as well as last year's funds.
    Originally posted by blueberrypie
    So if I opened one in the last year with 3,600, can I simply add this year's entitlement (5,100) to it in the next couple of days, and expect to receive 3.5% on the whole lot (8,700)?
  • Tatterdemalion
    Quoting from the "Closed Accounts" section of the Alliance & Leicester site :

    "Tax Efficient Accounts

    Flexible ISA (accounts beginning with 897, 898)

    Annual Gross Gross p.a./AER tax free 1 - 10,200 3.50% 3.50%
    Rates effective from 22 February 2010. For 12 months the rate will be 3.00% above the Bank of England base rate, but is guaranteed not to drop below 3.50% for 12 months. From 6 April 2010 the annual Cash ISA limit is 5,100."

    I would also like to know if this definitely means that TWO YEARS' worth of Cash ISA allowance can be placed in this account with the ENTIRE SUM benefitting from at least 3.5% for a full year from the date of the account being opened.
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