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Extra money in ISA with bonus rate expiring?
Buster_Danog
Posts: 730 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
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Have you checked whether the Cheshire ISA allows you to add funds this financial year?0
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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
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Thanks chaps0
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