Can current year ISA be transferred? 29 August 2016 at 12:05PM in ISAs & tax-free savings 2 replies 797 views

Happy_saver_2

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.

masonic

Yes .

notbritishgas

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.

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