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Can current year ISA be transferred?
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Happy_saver_2
Posts: 5 Forumite
Hi
I have already opened a cash ISA for 2016/17 and deposit the full amount in there. I also transferred prior year ISA balances into it. The interest rate has now plummeted. Can I transfer the current year's ISA to a new provider?
The ISA that I have my eye on does allow transfers of older balances, and it says in the spiel that it can be opened with as little as £1.
I have already opened a cash ISA for 2016/17 and deposit the full amount in there. I also transferred prior year ISA balances into it. The interest rate has now plummeted. Can I transfer the current year's ISA to a new provider?
The ISA that I have my eye on does allow transfers of older balances, and it says in the spiel that it can be opened with as little as £1.
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Comments
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Yes .0
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Don't forget you cannot open the new ISA with £1 cash deposit, only fund it with the transfer.Happy_saver wrote: »Hi
I have already opened a cash ISA for 2016/17 and deposit the full amount in there. I also transferred prior year ISA balances into it. The interest rate has now plummeted. Can I transfer the current year's ISA to a new provider?
The ISA that I have my eye on does allow transfers of older balances, and it says in the spiel that it can be opened with as little as £1.0
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