ISA Change Bank

KorkyKat

Can somebody help please ?

I have a Cash ISA account with RBS which I have had since it first came out. It pays a paltry 2.50%

I am somewhat miffed at their rubbish rates and least of all the bonuses they offer to new customers of 4.50%. So if they don't give a toss about long term members then it's time to go.

I paid in my usual allowance in April and would like to change for the new financial year.

1. When should I change so as not to lose interest?
2. Do I need to notify them?
3. Where else can I go to get a better rate?
4. Anything else you can think off.

Many Thanks in advance.

Lokolo

To transfer an ISA you need to find a new provider which allows transfer in.

You open up the new ISA without a deposit.

You fill in an ISA transfer form with the new provider and everything is done for you.

You only need to give notice to old provider if there is a notice (30/60 days) stated in the ISA you currently have.

The process takes around 4 weeks and you will lose some interest (a week or 2), but that happens with all ISA transfers.