📨 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!

Quick ISA transfer question

2»

Comments

  • thenudeone
    thenudeone Posts: 4,462 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If you close or transfer any type of savings account (including an ISA) then any interest due up to the date of closure is calculated and added to the account on the day of closure. You don't lose the interest you're already earned.

    However, with fixed rate / fixed period accounts there may be a penalty if you withdraw early, which is typically expressed as a number of days interest.

    The Nationwide e-ISA doesn't have any penalties, but I doubt you'll get a better rate anywhere else as long as it still pays 3.1%.
    We need the earth for food, water, and shelter.
    The earth needs us for nothing.
    The earth does not belong to us.
    We belong to the Earth
  • Kips247
    Kips247 Posts: 20 Forumite
    Its back at 2% since the bonus expired so looking into santander ISA
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.