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Want to move a number of Cash ISA

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My mum wants to move 3 Cash ISA she has that are paying crap rates, can she transfer all 3 into a better paying ISA or not?

Comments

  • alared
    alared Posts: 4,029 Forumite
    Yes she can if she can find a provider that will accept TRANSFERS and are paying a decent rate.
  • if she doesn't need too much access to the money, have a look at
    http://www.leedsbuildingsociety.co.uk/savings/5year_escalator_isa.html
    I'm about to apply for it myself, although from only one account.
  • Primrose
    Primrose Posts: 10,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    Kent Reliance are paying 3.01% for a non-passbook ISA and will accept transfers in from other providers. You may be able to find a higher rate elsewhere but Kent Reliance have often appeared in the Most Consistent Providers table, and whilst they don't offer short-term bonuses, they do act fairly when interest rates rise or fall, so it you don't want to be checking your rate constantly, they're worth considering.
  • apt
    apt Posts: 3,231 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Kent Reliance are indeed consistent and are usually efficient as well. I would not really be attracted by 4 or 5 year fixed rates at present as future interest rates and inflation are very unpredictable and you may find yourself locked into something very unattractive in 18 months or 2 years time.
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