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What will happen to my ISA account next month? Watch

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    I opened the account with barclays about 3 months ago at 2.26%. Will it stay at that percentage until it's been 12 months before reducing or will it automatically reduce in April?
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    What does it say in the t&cs?
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    (Original post by CoolStoryBroo)
    I opened the account with barclays about 3 months ago at 2.26%. Will it stay at that percentage until it's been 12 months before reducing or will it automatically reduce in April?
    'Bonus' interest rates commonly last for 12 months before expiring. You don't say specifically which ISA you hold, but the Instant Cash ISA - Issue 1 from Barclays currently has a 12-month bonus rate.

    http://www.barclays.co.uk/Savings/IS...P1242628917544
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    (Original post by Illusionary)
    'Bonus' interest rates commonly last for 12 months before expiring. You don't say specifically which ISA you hold, but the Instant Cash ISA - Issue 1 from Barclays currently has a 12-month bonus rate.

    http://www.barclays.co.uk/Savings/IS...P1242628917544
    It wasn't that one, it's Loyalty ISA i can't find it on their website anymore but it's the same percentage regardless of how much is in it and i can withdraw money anytime

    Edit: I found it and it stays the same for 12 months
    http://www.barclays.co.uk/Savings/Lo...P1242606179497
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    (Original post by CoolStoryBroo)
    It wasn't that one, it's Loyalty ISA i can't find it on their website anymore but it's the same percentage regardless of how much is in it and i can withdraw money anytime

    Edit: I found it and it stays the same for 12 months
    http://www.barclays.co.uk/Savings/Lo...P1242606179497
    If they lower it, then just transfer the money to someone else!
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    (Original post by a729)
    If they lower it, then just transfer the money to someone else!
    Yeah will do

    Also did my max allowance start again at the beginning of April?
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    (Original post by CoolStoryBroo)
    Yeah will do

    Also did my max allowance start again at the beginning of April?
    you get to start a new isa every tax year, april-april.
    Dunno what you mean about max, you get the full amount each april, it's not tapered in through the year or anything.
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    just remember that you MUST transfer an ISA you MUST NOT close it and open another one with it. If you do you lose that year's ISA allowance
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    (Original post by CoolStoryBroo)
    Yeah will do

    Also did my max allowance start again at the beginning of April?
    You can't pay anymore into that old ISA

    But you can into a new one up to April 2014 to the 5760 max
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    If an ISA from last year is still running you can add this year's allowance to it.
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    (Original post by a729)
    You can't pay anymore into that old ISA

    But you can into a new one up to April 2014 to the 5760 max
    (Original post by balotelli12)
    If an ISA from last year is still running you can add this year's allowance to it.
    It depends on the specifics of the account in question. The ISA regulations would allow a new year's allowance to be paid into an existing ISA, but specific conditions imposed by the account may override this - for example, on a fixed-rate, fixed-term account.
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    Quite.
    i was contradicting a post that said it was not allowed as a matter of course.
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    (Original post by balotelli12)
    Quite.
    i was contradicting a post that said it was not allowed as a matter of course.
    Yep, I'm not disagreeing with you.
 
 
 
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