Switching an ISA to a current account

lufc7

Just a quickie, I'm pretty sure the TSB 5% accounts don't need any DD set up. Glad you got your free money

YorkshireBoy

lufc7 wrote: »

I'm pretty sure the TSB 5% accounts don't need any DD set up.

For interest, no. For the switching incentive, yes.

colsten

fuzzgun19 wrote: »

Regarding the ISA, I assume I'd have to close it, then open the Flexclusive? or is there some way to just transfer the funds?

you should be able to transfer money online

ceredigion wrote: »

But the Flexclusive is limited to £500 per month

not much of a problem as it will only take 4 months. Could take less if some or all of the other RSs would be used as well.

fuzzgun19

colsten wrote: »

you should be able to transfer money online


not much of a problem as it will only take 4 months. Could take less if some or all of the other RSs would be used as well.

Do you mean I could just pay in all of the 2k into it in one go? I thought it had to be open for 12mths and pay so much per month.

Anthorn

I don't see the problem. Close the ISA, have the balance including interest if any paid into your current account and then switch. But bear in mind that you are unlikely to be able to open another one this year. But as you have already decided to get rid of the ISA I don't see the problem with that either.