We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

A&L ISA Con?

2»

Comments

  • lipidicman
    lipidicman Posts: 2,598 Forumite
    cjanderson wrote:
    I took one of these out, transferred 12k from IF to here. So if the rate becomes rubbish down the line, the £25 is only 0.2% rate change to make it worth moving

    Dont forget the interest lost on transfer (ie days when no interest is paid) in your calculations! allow for at least 4 days
  • steveb1967
    steveb1967 Posts: 92 Forumite
    cjanderson wrote:
    I took one of these out, transferred 12k from IF to here. So if the rate becomes rubbish down the line, the £25 is only 0.2% rate change to make it worth moving

    So does work for people with a lot of cash in there

    Shall 05/06 go for the first direct cash isa and move it over come October.

    sorry but I thought that the maximum into a mini cash ISA was £3000?
    sorry in avance if I have missed the point here.
    regards
    steve b
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    steveb1967 wrote:
    sorry but I thought that the maximum into a mini cash ISA was £3000?
    £3000 is a year allowance - how much you can add to your ISA.
    Cjanderson writes about transfer. You can transfer your old ISA(s) to new provider(s). This has nothing to do with the year allowance.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.