A couple of mini cash ISA Q's

Niksan

Hi, just a few questions from you good people to help me decide on what I should do, here goes.

I currently have have the following mini cash ISA's

A&L Direct Issue 2 (05-07) with £6,236.18 @ ~5.5% (plus any interest oustanding)
Egg Cash ISA (07-08) with £3,000 @ 5.75% (plus any interest outstanding)

Now I have a few options, but wanted to make sure on details before deciding on any, I'm currently looking at YBS online ISA @ 6.05% who allow transfers in, however, because I've already used this years allowance am I not able to open an account with YBS just to be used as a transfer and have to wait until next april before I can transit any ISA ?

and also, I currently have a mortgage which is due to renew with C&G with an outstanding balance of ~£62k the variable rates will be shy of 7% so based on that I could either take all my cash within my ISA's and when getting another mortgage deal pay off a lump sum, as I do want to be mortgage and generally debt free.

However, I assume to get all the cash from an ISA you would close an account to get your money plus all interest gained upon closure, or does the acount remain open until april before you get your interest etc ?

thanks in advance for any answers.

Regards,

Nik.

jem16

You can transfer now - you don't have to wait till April. Just make it clear on the application form that you are opening an ISA by transferring in - do not make any initial deposit.

If you close an ISA you will get interest marked up to the point of closure.