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Cash ISA's
Apologies for sounding a bit thick, and/or if this has been discussed already, but I've got a quick question about Cash ISA's. I've got £20K in a Virgin Money cash ISA that's been open since November 2022. Can I open a new ISA now (for example Plum), deposit £20K new money into it, and transfer the Virgin Money ISA into…
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ISA question
I opened a 1 year fixed rate ISA with NatWest last July so it is due to mature this July. However, as the new tax year has just started and allowance reset to £20k, can I add into this fixed rate ISA for the remainder of it's term before the rate drops? If so, can I do this only once or make multiple deposits? I know you…
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Problems transferring principality ISA
I saved 20k into a principality variable cash ISA last tax year and another 20k this tax year. I now want to transfer the entire balance (40k plus interest) into one of the top one year fixed ISAs, which are as of today with Zopa and Virgin money. Having tried this, neither Zopa nor Virgin accept transfers from…
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Any more providers ?
Are people aware of (m)any providers who have still to announce their fixed rates for 2024/5? (Oaknorth?) ..... or is it time to jump with Shawbrook while it's available, particularly since I noticed lastyear that the leapfrogging to reach the 'top of the table' was only in increments of 0.0001 which is worth £1.65 per…
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Zopa - Eligibility Requirements & new ISA rules
Zopa still have the following in their eligibility requirements: To open a Smart ISA, you'll need to have already opened a Smart Saver. You can do this in our Smart Savings Hub. You must also: * have not paid into a cash ISA with another provider this tax year * have not already used up your total annual ISA allowance of…
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Good ISA to open which recognises current account
Can't decide which ISA to transfer my matured ISA to. Put off by bad reviews on Trustpilot and put off by a couple that I've applied to but have to get certified statement and post etc. Are there some that are easier, haven't had this problem before
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Multiple cash ISA 1,2,3,4,5 year fixed
I have just opened multiple cash ISAs with Zopa an easy access at 5.08% 1 year fixed, 2 year, 3,4 and 5 year fixed all at various interest rates between 4-5%. Not seen any advice on this but why can’t I see anyone advising open a 5 year fixed and not deposit any money just in case the interest rate drops over the next few…
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Flexible ISA
I would be grateful if those more knowledgeable could confirm that my understanding of the flexible ISA rules is correct. My daughter has an off set mortgage with an interest rate at half a percent over base so currently 5.75%. I currently have a limited access ISA with Coventry. Can I open a new Coventry Flexible access…
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2 year cash isa
Sorry fairly new to this and not sure how it works. I opened a cash isa in March 2023 and then another in April 2023. Both run for 2 years. I assume I can open another isa April 2024 now we are into the next tax year. I’m not sure what happens when the 2 isa’s mature next year? What are my options other than withdrawing…
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20K to be put into cash ISA mid May
Hello, I've got 20K in a fixed rate bond which matures mid May & I want to put into a new cash ISA for 24/25 (for tax reasons) I also want to transfer a 2.5K cash ISA from Gatehouse into it to (from a previous tax year) Should I just open an easy access one now or a 1 year fix around the middle of this month, that allows…
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Multiple cash ISAs
Hi, I have not opened a cash ISA yet for 24/25 and I understand that I could open several and put £20,000 in each one and these will remain tax-free. Last year, I was only able to Open one cash ISA . Have the rules change this New tax year? Thanks
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Quick cash ISA question
I think the answer is yes to all but please confirm If I transfer an ISA from provider A that has just matured to provider B, can I still open a new cash isa with £20K Provider C Also can I transfer another older cash ISA from provider D to Provider E later in the year in addition to transaction involving A & B and C
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Transferring Cash ISAs
Can anyone please advise: I opened a one year fixed rate Cash ISA yesterday with £20,000. I have a Cash ISA with a different company which will mature in October 2024. This will then transfer into an ISA with a lower interest rate. Do I then have to wait until the new tax year, April 2025, before I can open a new ISA to…
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Yearly savings fixed interest accounts
Two of my savings plans with fixed interest have recently matured. However, the interest calculations were incorrect and would have left me out of pocket. The first was a Club Lloyds Monthly Saver with a fixed rate of 6.25% for the year. Lloyds changed it to an instant saver when it matured after a year so when I closed…
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Is fixed term isa monthly interest new money when paid into another isa?
Hi. My father had a Lloyds fixed rate isa mature on 31 March. He had the interest paid monthly as it helps towards his care costs. Unfortunately he missed the "auto renew" period (got the letter but forgot to tell me about it) so on maturity it converted to a instant cash isa. I helped him opened a new fixed rate isa…
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Transfer or Withdraw
Hi I am a little confused. If I have a flexible Cash ISA with one of the banks and I wish to open a Fixed Rate ISA with the same bank using some of this money do I transfer the money or withdraw and then invest? If I transfer, then does the money transferred lose its flexible status and so cannot be replaced from where it…
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Santander ISA interest
Hi, So I opened a Santander ISA on 26 September 2023,. on 1st October 2023 I get a little interest. Since then I have had no interest at all. The interest rate is showing as 5.6%. A few questions. When do I get the interest? If I pay more money in as it's a new tax year, do I still get 5.6%? The rate has since dropped but…
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Impressed with KRBS and Santander
Yesterday, I applied for one of the KRBS 1 year fixed ISAs to transfer a fixed term Sanander ISA maturing on April 30. My application was accepted instantly, and today KRBS have confirmed the transfer request has been accepted by Santander.. This is pretty impressive and I am confident the transfer will happen as…
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New year Fix , but for how long ?
Looking to open a new year Fixed Cash ISA but the best rates are approx 5.0, 4.6 and 4.3 % for 1 ,2 and 3 year respectively. Which would you choose and why ?
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CASH ISA
I opened an easy access cash ISA with the max £20k in the last 23/24 tax year. Can I transfer this cash ISA to another provider now with better interest in this 24/25 tax year without losing any tax benefits for this 24/25 tax year and also be able to open a 2nd cash ISA with another £20K