Can you Tranfer An ISA???????????

stoneroses89

Hello,
I currently have about £17000 in an ABBEY ISA,which ive had for about 5 years.Is it possible to transfer the whole lot to another bank/building Society i.e if i find one with a better interest rate??????????

baby_boomer

Hello stoneroses & welcome.

Yes you can.

There is an ISA subsection to this board - look above the list of topic threads on the Savings board to see the link.

Kazza keeps the best ISAs up to date on this thread - click anywhere on this blue sentence to go straight there

Then scroll down to the bit where she lists ISAs where you can transfer in.

Fortyfoot

stoneroses89 wrote: »

Hello,
I currently have about £17000 in an ABBEY ISA,which ive had for about 5 years.Is it possible to transfer the whole lot to another bank/building Society i.e if i find one with a better interest rate??????????

Have a look at the FSA Tables

Fortyfoot

natman

stoneroses89 wrote: »

Hello,
I currently have about £17000 in an ABBEY ISA,which ive had for about 5 years.Is it possible to transfer the whole lot to another bank/building Society i.e if i find one with a better interest rate??????????

Hi -

Yep you sure can - The main thing you need to look for is an ISA provider which allows you to transfer funds in,as not all do.
Open up the new ISA - Indicate on the form or somewhere that you are opening the ISA via a transfer.

Whatever you do, dont remove any money your self - just let the new ISA Provider get the funds and all your money stays tax free.

So yeah have a nosey at the above threads.
I have a Newcastle Building Society ISA - 6% But there are some slighty better deals at present..
Just a word of advice also, some ISA providers have been very very very very slow to open a new account and obtain monies( Barclays have had big problems due to the number opening their ISA tax haven account ) So also be prepared for your money being 'lost in the black hole' for a bit whillst all the paperwork gets sorted...................

Good luck

isofa

Assuming you are talking about a cash ISA...

List of top rated/paying cash ISAs accepting transfers in, here at Moneyfacts.

If it's a S+S ISA, you can transfer these too, but it's slightly different.

A quick search on this forum will answer your questions...

flossy_splodge

Fortyfoot wrote: »

Have a look at the FSA Tables

Fortyfoot

Not sure why you suggest this. I have just searched this link and they don't show the new Post Office mini cash ISA paying 6.25% and allowing transfers in. So anyone thinking the FSA site will give them good guidance would be misled.:eek:

Slater

Is there any limit on the amount of times you can transfer an ISA? For example - if I transfer my money to one provider - can I then transfer it to another a few months later? and then again a few months later?

baby_boomer

Yes you can. Do you like paperwork?

But bear in mind the lost interest while your "cheque's in the post" and for a few days after at many institutions.

YorkshireBoy

flossy_splodge wrote: »

I have just searched this link and they don't show the new Post Office mini cash ISA paying 6.25% and allowing transfers in. So anyone thinking the FSA site will give them good guidance would be misled.:eek:

If you click to sort by "initial rate", the Post Office ISA tops the table at 6.25%.

If you click to sort by "provider", and scroll down you'll find it listed under 'P' (perhaps you were looking for Bank of Ireland?).

If you click to sort by "AER", it's well down the table because they have it listed as 4.75% AER, ie the rate excluding the 1.5% bonus.