ISA Advice Please

gdn1947

Wife and I have £3600 each in a 6 month fixed rate ISA which will mature in Dec 08.

If I understand the rules we can invest another £3600 each at 6 April 2009 with the same or another provider?

Question is what can we do under the ISA umbrella to cover the period from Dec 08 (when the current ISAs mature) to April 09?

Thanks for any information/advice

Oblivion

gdn1947 wrote: »

Wife and I have £3600 each in a 6 month fixed rate ISA which will mature in Dec 08.

If I understand the rules we can invest another £3600 each at 6 April 2009 with the same or another provider?

Question is what can we do under the ISA umbrella to cover the period from Dec 08 (when the current ISAs mature) to April 09?

Thanks for any information/advice

When you say it 'will mature', I presume you mean the guaranteed fixed rate period ends in December. What do the terms and conditions say about the interest rate beyond that point? If the rate after December is very poor, then you should consider transferring the ISA to a new ISA with the same provider or a new ISA with a new provider.

Just to clarify, although you can only subscribe to one cash ISA per tax year, you can transfer an ISA as many times as you like, and open as many ISAs as you like for the purposes of transferring. Note however that many ISA providers do not accept transfers, so you'd need to find one offering a good rate that does.

Dave.