Do ISA deals disappear next week?

anoncol

Hi,

My current ISA i didn't open this financial year, so can i open one of the ISAs such as the Santander one with a min £2500 and transfer everything into it today?

Also we this deal not be there next week? or do deals get better at the beginning of the financial year?

Thanks

p00hsticks

anoncol wrote: »

Hi,

My current ISA i didn't open this financial year, so can i open one of the ISAs such as the Santander one with a min £2500 and transfer everything into it today?

Also we this deal not be there next week? or do deals get better at the beginning of the financial year?

Thanks

It's not so much when you opened your current ISA, rather as to whether you have paid anything into it this financial year ? If you have, you can't open and put money into another one this week (unless you transfer the old one across).

In the past there have been good deals at both the end of the financial year, to attract those rushing to use their allowance before it is lost, and at the start of the year to attract those rushing to make the best use of their allowance.

However, apparently this year the institutions aren't really interested in attracting savers, as they can borrow money more cheaply from the government, so there are unlikely to be many good deals around.