Barclays Tax Haven ISA: Have you opened one?

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Former_MSE_Dan
Former_MSE_Dan Posts: 1,593 Forumite
Combo Breaker First Post
in ISAs & tax-free savings
What's this about?

The Barclays Tax Haven ISA has been our top pick Cash ISA since the end of February, paying 6.5% AER (including a 1% bonus for twelve months). It's about to drop to 6.27%, but remains the highest payer around.

Barclays set a 14 day timescale for opening these accounts, and if it takes long than this, any interest will be backdated to the 14 day point once the account is fully open.

Yet we've heard some bad feedback on the setting-up process, with people still waiting for their accounts to open weeks after applying.

Let us know how it went for you...

We are trying to gauge the level of problems experienced. If you grabbed one of these ISAs, and have a few minutes to spare, please reply to this thread and let us know how it went for you.

Most important for us to know is when you applied, whether the account is open yet, and how long that process took.

Thanks folks,

Dan

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Former MSE team member

Have you applied for a Barclays Tax Haven ISA, and how long did it take? 416 votes

Yes, now open. It went smoothly, opened within 2 weeks
9% 41 votes
Yes, now open. It went OK, opened between 2 weeks and a month after applying
9% 41 votes
Yes, now open. It was terrible, took over a month to open
16% 70 votes
Yes but NOT open yet. Applied less than 2 weeks ago
5% 21 votes
Yes but NOT open yet. Applied between 2 weeks and a month ago
22% 94 votes
Yes but NOT open yet. Applied more than a month ago
18% 75 votes
No, I haven't applied for one
17% 74 votes
«134567…64

Comments

  • kingmonkey
    kingmonkey Posts: 846 Forumite
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    Applied 30th March for 08/09 ISA, still not opened.

    Update:

    Finally opened 30th April. Informed 7th May. That is 18 business days.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    First Post First Anniversary
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    Applied few weeks before new tax year. Got told to wait a few weeks after new tax year. Recieved letter saying we have a huge number of applications so may take a while. Still waiting.
  • Rob_07
    Rob_07 Posts: 122 Forumite
    First Anniversary Combo Breaker
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    Applied the day it was launched over the phone as i already held an account with barclays for an 08/09 account, it has only just been opened on the 25th April 08 even though i was one of the first people to apply for the account!
  • kazwookie
    kazwookie Posts: 13,856 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Applied 8th April, had a letter, but that is all.
    Breast Cancer Now 2022 100 miles October 100 / 100miles
    Sun, Sea

    2024 7/28 lbs to go.
  • mrseyes
    mrseyes Posts: 302 Forumite
    First Post First Anniversary Combo Breaker
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    Applied on 14th May. Received my pack today.
  • bob_hughes
    bob_hughes Posts: 3 Newbie
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    Electronic registration for existing customers is followed by a letter saying
    " We apologise that we are experiencing a short delay in the opening of our ISA accounts. You should expect your ISA account to be opened within approximately 4 weeks."
    No mention of 14 days
    "your savings will start earning tax haven interest from the date the account is opened, and this will receive the 1% bonus for a full 12 months"

    Nothing about backdated, nothing about interset rate if rate drops whilst being procesed.
    More interestingly there is a lot of money waiting to be transferred from my current account. It gets naff all interest in my current account nice little earner for barclays.
    Second year running Barclays cannot handle demand. (sigh)
  • gillbee
    gillbee Posts: 239 Forumite
    First Anniversary Combo Breaker
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    Applied on the 2nd of April for 07/08. Letter recived on the 26th with account opened date showing as the 23rd. Ongoing compaling with Barclays as they have been unable to tell me if they have opened if for the correct financial year.

    21 days from handing the forms to the branch to official opening date.
  • dreamypuma
    dreamypuma Posts: 1,338 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
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    mrseyes wrote: »
    Applied on 14th May. Received my pack today.

    Please tell me it's not me....:confused:
    My farts hospitalize small children :o
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    First Post First Anniversary
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    dreamypuma wrote: »
    Please tell me it's not me....:confused:

    haha I didn't even notice that!
  • Former_MSE_Dan
    Former_MSE_Dan Posts: 1,593 Forumite
    Combo Breaker First Post
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    Now with added poll :)
    Former MSE team member
This discussion has been closed.
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