Advice needed: transferring & opening up new ISA

dphilblack

badger09 wrote: »

That had occurred to me aswell.

dphilblack - have you also considered a non ISA regular saver for your £300pm, then when it finishes next year, pay the balance into an ISA?

Looked into this but most of them include having current accounts and those that don't seem to have a limit of saving £250.

dphilblack

badger09 wrote: »

Yes

As long as the particular Cheshire ISA you're interested in allows transfers in.

Use Cheshire's transfer process for your existing ISA.

Transfers are not 'subscribing'. 'Subscribing' means paying new money in during that tax year, so you can transfer last year's subscriptions to Cheshire and subscribe to a new ISA with whoever you want.

Subtle difference but thanks for explaining it to me! Was going around the bend!

dphilblack

100saving wrote: »

I was going to say this as well as the First Direct 1st account has an optional regular saving account that pays 6%, even after tax it still gives more interest than any ISA and the max monthly payment in is £300. :beer:

The Barclays savings account looks pretty good though!

badger09

Sorry, going a bit off track now

dphilblack, you mention Nationwide for your new ISA. Please have a look at their FlexDirect current account (I know you said you don't want another) but if you can open one, you can get 5% on up to £2500 for a year. You need to pay in £1k a month - but that's easy - honestly and that rates beats the pants off any ISA rate currently offered. At the end of a year you can then pay into an ISA.

Go on, at least have a look - you know it makes sense