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Transfering ISA money..??

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Hi...I get the feeling that folk move isas around to better rate isas quite aggresively....should I be doing this?...? as soon as a better deal comes up?....doesnt ths get a bit "messy" if you aquire a few of them?...I mean trying to keep track/ thanks

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  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    You can obviousl acquire a number, but after a while you can transfer them all into one. :beer:

    Find an ISA which allows transfers in, go into branch, state you wish to transfer in your ISAs, fill in ISA transfer form(s). Let them do all the work.
  • ceejayblue
    ceejayblue Posts: 310 Forumite
    Part of the Furniture Combo Breaker
    I now have 3 First Direct ISAs. Two are dormant and I opened another 7% regular saver account today. My question is I want to transfer my two dormant ISAs to a higher interest one, can I do this even though I've opened the regular saver ISA?
  • sheslookinhot
    sheslookinhot Posts: 2,299 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ceejayblue wrote: »
    I now have 3 First Direct ISAs. Two are dormant and I opened another 7% regular saver account today. My question is I want to transfer my two dormant ISAs to a higher interest one, can I do this even though I've opened the regular saver ISA?

    Yes, but it may have to be with a new provider. Check if First Direct have anything else to offer first. It may be that only "new" money is acceptable for new accounts.
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