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Transfer my ISA into a current account?

jacknight · 2015-04-06 18:11:59

So another tax year comes and even worse ISA interest rates! I'm considering transferring all of my ISA fund around 30k into 123 current accounts paying 3% (2.4% after tax). On 30k that is an extra £270 a year based on the 1.5% ISA I can get with Santander. Is there any reason why I shouldn't do this? Thanks

Comments

atush Posts: 18,731 Forumite

28 July 2015 at 4:22PM

Well that is obvious from the many people who choose BTL over pensions, and want to cash in pensions to BTL.

It is like collective hysteria.

I have no problem with BTL in principle, but it needs to be part of a bigger investment strategy. Not the only strategy.

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