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How to Move an ISA
chrisw79
Posts: 33 Forumite
I have an ISA with IF.com and in the last week or so they have reduced their interest rate. Obviously with the competitive nature of this sector I'm looking to get the best rate I can.
Firstly, can I move my money to another ISA? And secondly how do I do this - is it a case of withdrawing my money and paying it into a new account or do I need to 'transfer' it to another provider?
What fees are associated with the above and also if anyone has any recommendations for a good ISA provider it would be appreciated.
Firstly, can I move my money to another ISA? And secondly how do I do this - is it a case of withdrawing my money and paying it into a new account or do I need to 'transfer' it to another provider?
What fees are associated with the above and also if anyone has any recommendations for a good ISA provider it would be appreciated.
0
Comments
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Whatever you do, DO NOT CLOSE OR WITHDRAW any money from it.
It must be TRANFSFERRED.
Whoever you go to,it`s down to them and IF to sort the transfer out.
You will need to find out what, if any, penalties there are to transfer.
Each provider has different rules.
For what it`s worth I`m with Kent & Reliance paying 5.11%0
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