We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Extra money in ISA with bonus rate expiring?
Buster_Danog
Posts: 740 Forumite
I have a Cheshire ISA that I opened in 2012 and it is paying 3% until January 2014 when the bonus ends - after that time it will pay only 1%.
I have about £3,000 extra to put in an ISA now and am wondering if I should open another ISA or put money into the Cheshire one. I was thinking there might be some disadvantage if I have it all in the Cheshire ISA and then have to transfer the lot to another ISA in 2014.
Am I better off opening another ISA now as I haven't even done one for this tax year.
I have about £3,000 extra to put in an ISA now and am wondering if I should open another ISA or put money into the Cheshire one. I was thinking there might be some disadvantage if I have it all in the Cheshire ISA and then have to transfer the lot to another ISA in 2014.
Am I better off opening another ISA now as I haven't even done one for this tax year.
0
Comments
-
Have you checked whether the Cheshire ISA allows you to add funds this financial year?0
-
If it is the Cheshire Direct Fixed Rate ISA – Issue 3 no further deposits can be made following the opening deposit."Look after your pennies and your pounds will look after themselves"0
-
Thanks chaps0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards