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Using an e-ISA or term deposit as maintenance

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator

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anotheraussie
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Using an e-ISA or term deposit as maintenance

Post by anotheraussie » Mon May 14, 2012 6:50 pm

I need to renew my Tier 1 visa within 3 months.

Just got a shock when I realised that my savings are in an e-ISA (flexible, can put money in and take it out without penalty at any time) here in the UK and now in a term deposit (as in locked away for 6 months, can take it out but lose the interest) in Australia.

They talk about a current or savings account in the guidance - do these accounts (both of them have over £900 so I'm happy to use either) count?

I actually don't receive statements about these accounts so would need to ask my bank/s to provide a letter.

Please advise - am worried I've done something really stupid now!

geriatrix
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Post by geriatrix » Mon May 14, 2012 6:52 pm

eISA - no problem, provided you can arrange the statements.
Term deposit - reading this topic will help.
Life isn't fair, but you can be!

anotheraussie
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Post by anotheraussie » Mon May 14, 2012 7:01 pm

Thanks so much for the prompt response.

My reading of the guidance is that a letter from my bank (Nationwide) will be sufficient? As I wrote above, I don't get statements for that account unfortunately - I'm not sure why.

geriatrix
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Post by geriatrix » Mon May 14, 2012 7:14 pm

Any documentary evidence in the format that the policy guidance states as acceptable is fine.
Last edited by geriatrix on Wed May 16, 2012 1:10 pm, edited 1 time in total.
Life isn't fair, but you can be!

anotheraussie
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Joined: Mon May 14, 2012 6:46 pm

Post by anotheraussie » Wed May 16, 2012 1:05 pm

Thanks!

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