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ISA transfer confusion!
vigman
Posts: 1,384 Forumite
Hi
I have various ISAs which run out of term within the next 2 months and drop to low interest rates.
I have seen ISAs such as Santanders which take new money and transfers in.
My query is: Can you open such a new ISA and then gradually transfer in various ISAs as their terms expire or do you have to wait until the last one has finished its term and then transfer all other ISAs at the same time?
TIA
Vigman
I have various ISAs which run out of term within the next 2 months and drop to low interest rates.
I have seen ISAs such as Santanders which take new money and transfers in.
My query is: Can you open such a new ISA and then gradually transfer in various ISAs as their terms expire or do you have to wait until the last one has finished its term and then transfer all other ISAs at the same time?
TIA
Vigman
Any information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.
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Comments
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Nothing whatsoever stopping you from transferring them gradually as they mature as long as you get the new provider to do it for you.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Nothing whatsoever stopping you from transferring them gradually as they mature as long as you get the new provider to do it for you.
Many thanks for the quick reply!
Quite amused by M&S actually advising that 'you might want to transfer your ISAs to other providers with higher interest rates'!!
VigmanAny information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.0 -
Nothing whatsoever stopping you from transferring them gradually as they mature as long as you get the new provider to do it for you.
Don't forget to ensure that the T&C for our chosen ISA do not have a limited Transfer In window following opening. You may find some have a "must be completed within nn days" whilst others do not.
FF0 -
I've moved this to the ISAs board
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