Isa transfer twice in one year?

On_The_Cheap

I recently transferred my old Cash ISA to the M&S Advantage Cash ISA after seeing the good interest rate on MSE.

Now M&S are dropping the rate by 1% and i wanted to ask if it's possible to transfer again to another bank in the same tax year seeing as i have done once already?

Thanks in advance for any advice.

Linton

You can transfer as many times as you want.

grey_gym_sock

perhaps we should have a competition for who's transferred the same money the most times in 1 tax year.

badger09

Linton wrote: »

You can transfer as many times as you want.

Bear in mind though, that in the case of a fixed rate/fixed term ISA, you could face hefty penalties for doing so. Also, while you can split previous year's as you like - you must keep all current year's subscription together.

I know that's not applicable to OP, but worth mentioning for completeness just in case newbies read this before posting their own questions

thenudeone

There is no limit on how many times you can transfer an ISA.

On_The_Cheap

Thanks all for the info.
Much appreciated!!