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Met Friendly Deals & Discounts

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Transfer Existing ISA to metfriendly for Extra 1%

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Metfriendly will add 1% of your ISA transfer value to your investment with them as a special offer. With market savings rates at around 3% this is good. Your previous provider must pay you intere…
RogerN Avatar4y, 9m agoFound 4 years, 9 months ago19 Comments
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Metfriendly - this is a bad outfit, heard they nearly went bust in 2008..... coppers beware
igorek
it's cold because you can get 3% for Cash ISA which is always better than shares


Not true if you know what your doing, the last 2 years i have got a return of over 140% on my self invested share isa, i always put my max limit into my share isa, that would take you like 30 years to get same interest back from just a typical cash isa, mind you not all shares are isable, only good thing about cash isa's is you wont loose your original investment, with share isa it is possible to loose it all, but risk gives high reward, no risk gives little reward.
it's cold because you can get 3% for Cash ISA which is always better than shares
Instant access ISAs generally allow as many withdrawls as you want, though Each ISA product has its own terms and conditions about withdrawls. Some fixed ones i've seen can charge & remove up to 180 days (6months) interest if you withdrawl early, some allow one withdrawl per year - you just need to check the terms and conditions before you sign up.

Just pointing out that if you move it to another ISA at the end make sure you state the day after it matures on the new transfer form. (you don't want to lose a lot of interest by doing it a day early). A transfer form always asks if there is a maturity date on the ISA you are transferring.
middla
Normally when an ISA term runs out, whatever number of years its it ends, it changes to a low rate such as 0.1% or 0.5%, or they may ask you which account to send the money to. So when it matures you can transfer the money and the interest into another ISA on a good rate. You normally fill in an ISA transfer form in a week or 2 before the maturity date arrives instructing the new ISA provider (bank) to transfer the money the day after your old one matures to avoid any penalties.


Penalties?!oO
Please expand...


So, there's a lot of keeping track of ISAs then... making sure I transfer them at maturity...

Edited By: moe922 on Feb 17, 2012 06:37
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