Do i transfer my lisa every tax year likea isa for the best deal?

fletcher1985

hi guys/girls i have a lisa and imtrying to figure out if i have to transfer it each year for a better deal like you do with the isa? any helpwould be great thanks.

masonic

Have you found a better deal?

fletcher1985

No i have not looked yet iwas just thinking it would be like a isa and you change in april? if i did find a better deal and switched now would i loose the interest that my current provider pays its only 1. something %

masonic

If you look you may find your question is somewhat academic.

eskbanker

fletcher1985 said:

iwas just thinking it would be like a isa and you change in april?

It used to be the case that the change of tax year prompted a flurry of competitive cash ISA deals but by and large that no longer happens, and even if it did, there's no particular reason to see that time of year as the time to change - just keep an eye on best buys and change whenever you find something better than what you have, assuming you have an easy access product and the variance justifies any hassle involved....