Best savings account?

mattyfez · 2024-12-20T14:02:16+0000

Anyone know about closing ISA's? For Example I transfered from Chip to T212, the transfer is now confirmed as successful, but now I have a chip ISA which is empty..

Can I just go ahead and close the chip account like I would any other bank account?

uscool · 2024-12-20T14:07:00+0000

mattyfez said:
Anyone know about closing ISA's? For Example I transfered from Chip to T212, the transfer is now confirmed as successful, but now I have a chip ISA which is empty..

Can I just go ahead and close the chip account like I would any other bank account?

Transferred about month ago just checked and chip ISA has disappeared only have normal savings easy access now with them

tom_e · 2024-12-20T14:07:13+0000

mattyfez said:
Anyone know about closing ISA's? For Example I transfered from Chip to T212, the transfer is now confirmed as successful, but now I have a chip ISA which is empty..

Can I just go ahead and close the chip account like I would any other bank account?

Yes, you'll need to wait 15 days before they can close it but if you message them they'll sort it or if you still have time to wait they'll message again once the time is over to confirm you still want to close.

Edit: after reading the above this may be because I wanted to close my entire chip account rather than just the ISA that I'd transferred out

uscool · 2024-12-20T14:09:23+0000

tom_e said:
Yes, you'll need to wait 15 days before they can close it but if you message them they'll sort it or if you still have time to wait they'll message again once the time is over to confirm you still want to close

Didn't get any message from them and they have closed it , I didn't request anything just moved it all out they did mention I wouldn't be able to open ISA with them in the future when going ahead with the transfer

ChrisD. · 2024-12-21T09:09:28+0000

Anyone using Trading 212 for regular savings? If I'm reading the app right, they are offering me 4.9%. Not sure if there's any implications though.

Zatoichi.uK · 2024-12-21T09:12:47+0000

That's the Cash ISA rate.

ChrisD. · 2024-12-21T09:18:20+0000

Zatoichi.uK said:
That's the Cash ISA rate.

Ah right, with the new rules if I paid in £10k, I can take it out at a later date and put £10k into Fidelity S&S ISA and still only be £10k into my allowance?

LiE · 2024-12-21T09:22:00+0000

ChrisD. said:
Ah right, with the new rules if I paid in £10k, I can take it out at a later date and put £10k into Fidelity S&S ISA and still only be £10k into my allowance?

It’s flexible with T212 so yes.

Dg834man · 2024-12-21T11:02:43+0000

ChrisD. said:
Anyone using Trading 212 for regular savings? If I'm reading the app right, they are offering me 4.9%. Not sure if there's any implications though.

They offer that rate on invest and both the isa's.

MatsyLR · 2024-12-21T11:11:13+0000

ChrisD. said:
Anyone using Trading 212 for regular savings? If I'm reading the app right, they are offering me 4.9%. Not sure if there's any implications though.

Be awarei it can take up to 3 days for withdrawals though