We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Moving multiple cash mini ISAs into a single one
jonny2510
Posts: 671 Forumite
Having opened and deposited the full £3000 into an NS&I Direct ISA this year, is it possible to transfer the money from two other ISA's (Abbey & Britannia - approx £3300 in each) into another ISA.
The NS&I Direct ISA doesn't allow ISA transfers from external accounts.
Is it possible to merge these two accounts into whoever is the next best provider to NS&I?
Finally, (if transferring is possible) would it be possible to transfer most of the Britannia money to the new ISA, but leave £200 in there in case they merge (for the shares option)?
The NS&I Direct ISA doesn't allow ISA transfers from external accounts.
Is it possible to merge these two accounts into whoever is the next best provider to NS&I?
Finally, (if transferring is possible) would it be possible to transfer most of the Britannia money to the new ISA, but leave £200 in there in case they merge (for the shares option)?
0
Comments
-
Kent Reliance has a 6.21% Direct ISA which allows transfers in, though for full details read over the Best Mini Cash ISAs article, together with the specialised article on Cash ISA Transfers.0
-
, together with the specialised article on Cash ISA Transfers.
oops, must have missed that.
Thank you for the advice anyway!0 -
Just reading Martin's Best Mini-Cash ISA article, and it statesOnly one mini-cash ISA per year. You can only have a Mini Cash ISA with one provider in any tax year – you can't split it. However you can hold cash-ISAs from different years with different providers.
Does this mean as the full £3000 for this year's allowance has been deposited in a new NS&I Account, that I'm not allowed to open another ISA (even for transfers from old ISAs)?0 -
Jonny,
You can open a new ISA account for the purpose of a transfer, so long as you do not deposit any new money.
Kent Reliance are very efficient and offer a good rate. My DH opened an ISA with them this tax year, and transferred in both ISA and TOISA accounts to consolidate as you want to do."Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0 -
Liz_the_Whizz wrote: »Jonny,
You can open a new ISA account for the purpose of a transfer, so long as you do not deposit any new money.
Kent Reliance are very efficient and offer a good rate. My DH opened an ISA with them this tax year, and transferred in both ISA and TOISA accounts to consolidate as you want to do.
Thank you!
It's actually for my Mum, so I think I'm also going to shove her matured tessa in there also.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards