Can current year ISA be transferred?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
2 replies 797 views
Happy_saver_2Happy_saver_2 Forumite
5 Posts
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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.

Replies

  • masonicmasonic Forumite
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    Yes .
  • notbritishgasnotbritishgas Forumite
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    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.
    Don't forget you cannot open the new ISA with £1 cash deposit, only fund it with the transfer.
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