Cash ISAs: The Best Currently Available List

SFCooper

Transferring my Cash LISA from Tembo to Plum after the rate drop.

masonic

SFCooper said:

Transferring my Cash LISA from Tembo to Plum after the rate drop.

Just be aware that the rate is variable with a fixed bonus, and if they drop the variable part and you decide to transfer out within 12 months, you'll forfeit the bonus.

surreysaver

Nick_C said:

Many thanks for all the advice on transferring a flexible cash ISA but staying with the same provider.  I was totally unaware of the limitation on doing this. 

I've withdrawn about £7k from my Skipton Tracker ISA this year, so I need to replace this before I open the new Skipton Tracker and do the transfer.

The extra 0.1% interest isn't significant, but the fact that it is for another 12 months is.

I've got about £10k in the flexible Skipton Tracker (BOEBR - 0.25%) ISA currently, and over £20k in a Principality flexible ISA which I have not funded this year. 

So my plan is to withdraw £7k from Principality, top up Skipton, transfer Skipton to Skipton, then withdraw the £7k from the new Skipton account and pay it back into Principality. 

Does that comply with the rules? 

Can't Skipton just convert the account? That way it would retain the same account number, and therefore would be the same account, saving all the faff of moving money around.
That's what I do with Principality every year when it matures and I want to change it to a different ISA

VNX

masonic said:

SFCooper said:

Transferring my Cash LISA from Tembo to Plum after the rate drop.

Just be aware that the rate is variable with a fixed bonus, and if they drop the variable part and you decide to transfer out within 12 months, you'll forfeit the bonus.

Also with plum don’t transferred monies earn a much lower rate than new money?