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  • FIRST POST
    • gwana
    • By gwana 5th Sep 17, 7:38 PM
    • 5Posts
    • 0Thanks
    gwana
    Cash ISA switch
    • #1
    • 5th Sep 17, 7:38 PM
    Cash ISA switch 5th Sep 17 at 7:38 PM
    This is a simple question for this site I realise...

    We have a cash ISA paying negligible interest and want to switch to something else (not S&S ISA due to risk). Lots of advice on MSE says that the new personal allowance has made cash ISAs far less useful, plus there are far better %s on offer from current/savings accounts at the moment than from cash ISAs.

    But those current/savings accounts don't allow for big transfers of course. We have £15K+ in our current ISA. Should we therefore just switch to a 2-3-year cash ISA? (e.g. Virgin Money as suggested on this site at: /savings/cash-isa-transfers#fixed ). It's our emergency fund - something we've never used as yet, so we don't mind having an early withdrawal penalty (within reason).

    Or is there a savings/current account we could switch it all into in order to get the better rate (but without having to make monthly contributions) ?

    Thanks to anyone who can help!
Page 1
    • zx81
    • By zx81 5th Sep 17, 7:41 PM
    • 13,184 Posts
    • 13,493 Thanks
    zx81
    • #2
    • 5th Sep 17, 7:41 PM
    • #2
    • 5th Sep 17, 7:41 PM
    Better to post this in savings or banking forums.
    • gwana
    • By gwana 6th Sep 17, 7:16 PM
    • 5 Posts
    • 0 Thanks
    gwana
    • #3
    • 6th Sep 17, 7:16 PM
    • #3
    • 6th Sep 17, 7:16 PM
    Thanks - will do! (Hadn't realised I'd posted to a specific forum)
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