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Transferring matured ISA's

Hi - question on "old" i.e. matured cash ISA's please.
I have a number from the last 6 or 7 years or so that matured and were transferred - by default I guess as I didn't provide any other instruction at the time - by the bank / institute concerned to various types of accounts - generally some kind of low interest earning savings account. Are these still eligible to be transferred into ano cash ISA now ? or is it too late as they have matured and gone into these other accounts. Couldn't see any answer to this in the articels or existing threads - but apologies in advance if i've missed something ?
Any help appreciated! thankyou!

Comments

  • xylophone
    xylophone Posts: 45,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ISA accounts would surely have matured into default ISA accounts ( very often the most basic easy access ISA account), rather than into non-ISA accounts?

    Can you see the accounts on line?

    If not, presumably you receive a statement of interest each year - how are the accounts described?
  • Almost certainly yes. A matured cash ISA is always (AFAIK) transferred into another cash ISA, albeit frequently one paying very little interest.
    Reed
  • hi xylophone - thanks for the reply - just looked at a couple and in these 2 at least - yes - think you are correct - I have a letter (leeds building soc & Kent Reliance) that does indeed say they have gone to Loyalty ISA account (paying lower interest of course). I will check through paperwork for the others - but I suspect you are correct.

    In which case I assume perfectly legible for transfer into ano ISA.

    Thankyou v much!!
  • xylophone
    xylophone Posts: 45,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    perfectly legible

    Easy to read?:)

    But yes, the accounts are eligible for transfer to another ISA account.

    Rates here - check that provider of your choice will accept a transfer in.

    Remember that you must ask the new provider to organise the transfer.

    https://www.thisismoney.co.uk/money/saving/article-1583864/Best-savings-rates-Isas-Cash-Isa-accounts-fixed-rate-Isas.html
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