ISA - Top up or open a new one

tom.senex

Hi Folks - I transferred my ISA to NatWest back in November when they were offering a 2% bonus for a year on transfers. Is now better to top this up or open a new one with a different bank?

Thanks
Tom

Baldur

It depends - what is your Natwest one currently paying? Are other institutions offering a better rate?

tom.senex

Hi
I have just checked and I am getting 2.54% (0.5% plus a %1.76 bonus)
I think I am better off opening a new isa with Barclays, pay the £3600 into this account and transfer the rest of my isa into this as weel.

Correct?

Lokolo

Barclays Golden ISA doesn't allow transfers in. So you can still open it and deposit £3,600, but you won't be able to transfer that ISA into it.

tom.senex

Thanks Lokolo,
Anyway, is it better to go with Barclays or choose a provider which allows transfers?

What are people doing?

OR Can I transfer my existing NatWest ISA to their (NatWest) e-ISA?

JimLad

I have just opened a Halifax fixed 3% isa and im waiting for the transfer of my old isa to complete. Then i can transfer this years 3600 in

GiraffeMan

JimLad wrote: »

I have just opened a Halifax fixed 3% isa and im waiting for the transfer of my old isa to complete. Then i can transfer this years 3600 in

Jim does the Halifax 3% fixed definately take transfers from existing ISAs, I have 24k stuck in barclays at the min earning 0.31% ish

tom.senex

Can I open a NatWest e-ISA paying round 3.5% and transfer my old NatWest ISA into the e one?