Transfer from a cash ISA to a new one

mazzadoodle

Hi,

I have a cash ISA with C&G that I have had for about 5 years. Ive just noticed that the interest rate is crap and would like to transfer it to another one.

Which should I choose? I dont tend to touch the money very often although we are doing home improvements this year so may have to.
I have put in my maximum amount for this year so should I wait until after April? I am considering setting up a direct debit to the account after april as well.

Please help!

lastly, my husband is about to open a cash ISA for the first time and is considering the natwest cash plus ( Ithink that it is what is called) as we have an advantage gold account with them. However Im a little concerned as A they are a bank and B they are part of RBS.

PLEASE HELP!!

Thanks!

alastair_h

Find attached best buy link, choose ISA which accepts "transfers in" and which best suits your circumstances. If you can fix the rate (and tie your money up for a period), you may be able to protect you finances from dropping further. Obviously things may go up and you would loose out slightly.

A. Yes Natwest are a bank, ISA's are not just available from building societies.
B. They are part of RBS group but operate under a separate licence, so if you had £50K with RBS and £50K with Natwest you would be covered under FSCS compensation scheme should they go bump.

http://forums.moneysavingexpert.com/showthread.html?t=401374

http://www.natwest.com/global/about-us.ashx?channel=personal