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Drip-feed from Chip ISA to regular savings - cons?
Anyone using the Chip ISA? Can I simply move all my money there and drip feed out to higher rate regular savers if I need to? Normally should just be covered with my salary but what could go wrong with this strategy? I've just seen the MSE high-interest lump sum and drip-feed from lump sum into regular savers comparison…
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Opening a second cash isa before April
Hi, I am newish to ISA rules and wondering if someone can help me. I opened an isa in 2022 fixed for one year at my full allowance of 20k. It matured in Oct 2023. I transferred the full amount including the interest which i thing was around 20.8k at the time into a fixed cash isa with another provider. I would like to open…
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CHIP cash ISA
Does anyone know if I can sign up / open a flexible 5.10% CHIP Cash ISA now, and not fund it until after April 6th, or do I have to fund it with at least £1 (which I don’t want to do). I can’t seem to have that clarified anywhere. Thanks.
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Getting the interest rate updated on your Cynergy Online ISA
Just posting this for the benefit of others as I almost lost out. I took the advice of Money Saving Expert and opened a Cynergy Bank online ISA at the start of February - just a month ago - and deposited £20,000. At the time the interest rate was 2.85%. Then Cynergy very quietly announced that their online ISA has risen to…
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Anyone have S&S ISA with Virgin Money?
I have another thread explaining what I want to do with regards to opening a Virgin S&S ISA before tax year end, for allocating maximum £20000 funds. I will be investing approx £3000. Plan is to move this to Virgin Fixed Rate ISA. The main question is, I see there are fees with regards to management, account holding etc..…
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Cash ISA - move to new cash ISA
Hi hoping someone can help clarify this for me please as a bit confused ! In April 23 I opened a new cash isa in order to get a better rate on a prior year cash isa which was with a different provider. I have not put any new cash into this isa this year ie just the prior year isa value. question I have is can i still open…
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Renewing maturing ISA
My cash ISA matures on 12th April, next tax year. Should I complete forms now to transfer to new ISA on maturity, using present rates or wait until interest rates are published for 24/25.
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Lifetime ISA - different product for retirement vs first home?
With lifetime ISAs, is it a different product depending on whether you're saving for retirement vs buying a home? Reason I'm asking is that I want to open a Tembo lifetime ISA for retirement, but when I download the app and start filling out the forms it's asking me for details about the house I'm buying and when I'm…
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Paying into Moneybox Cash ISA - direct debit only?
Does the Moneybox Cash ISA make you set up a direct debit to pay money in? According to their help page (https://www.moneyboxapp.com/faqs/how-can-i-pay-in-2) it sounds like you can make an instant transfer from your bank, but according to this thread…
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Premium Bonds - Did you win?!
Wasn't there a thread for premium bond winners to post their winnings month by month? I've searched the forum but cannot find anything like it, or did I make it up? Or maybe it was on another board..? I don't currently have any premium bonds but I am considering them, maybe seeing some members winning will be the catalyst!
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Halifax to Virgin ISA Transfer timescales
Apologies if covered before but couldn't find anything. I currently have a Halifax 1 year fixed rate ISA due to mature 6/4/24. Wanting to lock in the Virgin 5.25% rate by transferring my existing pot to them and contributing further £20k 24/25 tax year. If I open the Virgin now and initiate the transfer what is the…
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ISA Query
Am I right in saying that it is the time at which you deposit money into an ISA that determines the tax year and not the time at which you open the account. I would like to lock in the 5,25% Virgin ISA rate (one year) now but not dpeosit the money until after the new tax year has started (6th April). I have already used my…
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ISA transfer advice needed
I have two old ISAs earning next to nothing in interest and also want to start a new one this financial year (before Apr 6th 2024) I have read loads of threads and other savings advice but can't seem to find (or perhaps can't understand) what I need to know If I use up this years allowance of 20k starting a new ISA, can I…
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Cash ISA with Virgin Money
If Nationwide are buying Virgin Money how come I cannot benefit from the one year fixed rate that Virgin money are offering which is better than Nationwide because I dont have an account with Virgin money
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Does interest compound
I am not sure what to do. I have an ISA opened last year with moneybox at 5%. I will have money to invest £20000 in a new ISA. Moneybox have opened a new ISA in 2024 at 5.11% but they will not allow 2 cash ISAs . Do I gain anything by putting my money into the same ISA or should I transfer to a new ISA with a different…
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Switching ISA from NS&I
I am an 18y/o looking to move from my NS&I cash ISA to a fixed term ISA for 2 years. I looked at switching to OakNorth however they said they are unable to transfer with NS&I. What would be the best place to look at transferring to from NS&I for a 2 year fixed ISA and when would be the best time to switch? PS. I don't…
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Fixed and Variable ISA in Same Year
I've not been able to find a definite answer to this. Earlier this year I took out a fixed rate cash isa but didn't use my full £20k allowance. Can I open and contribute to a variable rate isa or another fixed one this year to use up my allowance. If so, do I have to open it with the same institution or can I use any?…
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ISA and savings advice
This is not my strong point, so probably a stupid question but I’m going around in circles. I earn under 50k per year (part time salary and NHS Pension combined) I have an easy access Savings account (around 4.5% interest) with aprox £75k in it. I’ve got a NS&I cash ISA opened in 2019. It has almost 20k in it, about 18k…
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Virgin Money Cash ISAs from 6/4/24
I have just read the following from Gov.UK. 1.2 Allow subscriptions to multiple ISAs of the same type, except for Lifetime ISA and Junior ISA This change is not mandatory, and managers can choose to limit subscriptions to only one ISA held with them in any tax year. Does anyone know if Virgin Money will be allowing…
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Kent Reliance 1 year fixed rate ISA
I opened this ISA last December. Ive read the t&c's for the Kent isa and ask am I understanding them correctly ? They seem to permit additional deposits up to the annual limits. So, from April 6th can I deposit another £20k into the account ?
