Has everybody deposited their ISA Money

[BradyJa]

The Halifax was packed out on the Saturday. Everybody was trying to open an Isa for the 2012 to 2013 year.
They were offering appointments but I could not get one till this Thursday.
I did mine on line on the Saturday but the funds were not transferred until yesterday.
I trust everybody else on this thread will have their £5,640 in their ISA by the end of this week so it starts to earn interest.
I think we should be compensated for 5 days loss of interest.

[China Doll]

Eh...What makes you think everybody has a spare £5640 to pop in to an ISA?!

[Maydup]

Show off!

[chrissa1]

I wish I had.

[China Doll]

Maybe the question is more about compensation for the loss if interest and not whether everyone has done their ISA?

[Philtaz]

Hmmm, been a member here two weeks.

You're not in the Cabinet are you, perchance?

[BradyJa]

Well I thought judging how busy they were I thought everyman and his dog was trying to deposit money into an ISA.

[tinkerbell23]

You lost fridays interest as you didnt attempt to get the money in for friday, and saturday/sunday/monday wont count as they were not working days so you probobly wont get the loss of interest x

[spudqueen]

Not sure if you can afford to deposit that amount at once then you really need another days interest, which won't actually amount to very much at all. Wish I had that amount of money spare :(

[factor-fiction]

Anyone who had £5640 spare should have had it in another account paying a similar rate of interest and could have delayed transferring it to the ISA until Tuesday. In that way, all they'd have missed out on would be the difference between net interest and tax-fee interest.
And I've never had to wait for an appointment- I just open mine or transfer my ISA online

[boxtops]

working days don't make any difference, your ISA earns interest 365 days of the year. and the answer is no, not yet, and certainly not all of it!

[boxtops]

..and PS no, I've never had to wait for an appointment either!

[Mrsspagnoli57]

This post reminds me of a letter I recently read in the Sunday Times from a pensioner who was moaning about the recent Budget and the help offered to families with children when he and his wife had, because of the low interest rates on savings, lost out on £30,000 interest-yes interest!!!-in the last financial year so would be unable to invest their full ISA allowance this year! Makes my heart bleed. Most people-pensioners and families alike, just about make ends meet,so having money set aside to invest in an ISA is a luxury few can afford even if interest rates were good.

[tinkerbell23]

Where i worked with isas, people used to write in and post date cheque for beginning of tax year.

We didnt refund anything under £1 in lost interest (when max isa was £3000 p/a).... And allowed for cheque clearing time too. May have changed now.

Xx

[maggiebee]

Think the Government will have to up the pension by quite a bit before I can invest this amount. However, I live in hope.

[d9f1c7]

naa, even tax free interest is negligible, I'm doing better with premium bonds.

[tenrec]

Yep, I'm doing well with the premium bonds too.