ISA Info

eskbanker

dodgyknee said:

In the meantime, would you recommend that I transfer my existing easy access cash ISA (Halifax) to new Provider offering a higher rate easy cash ISA and another Provider offering a higher fixed rate cash ISA ?

I wouldn't necessarily recommend that as such but if you want to split your cash ISA money between easy access and fixed term then chances are that you'd need to use different providers if you're after 'best buy' products.  However, see below....

dodgyknee said:

As and when I choose an S&S ISA I can then transfer some funds from the new easy access cash ISA to the S&S ISA and equally look to spread my 2020 allowance across the 3 new ISA’s.

Not sure if you're referring to 2019/20 allowance or 2020/21, but if the latter then bear in mind that you can only pay new money into one ISA of each type in any given tax year, so you can pay into a cash ISA and also a S&S ISA, but not two different cash ISAs concurrently, unless both are with one of the few providers supporting the 'split ISA' concept, where they effectively regard two as one: https://www.moneysavingexpert.com/savings/best-cash-isa/#accordion-content-0334234523-3

dodgyknee

Perfect.....all makes sense.....I was looking for 2 separate Providers for the easy access cash ISA and Fixed Rate Cash ISA. In terms of new money (2020/21 allowance), I was thinking of putting the majority into the new S&S ISA and the balance into the new easy access ISA.
Thanks for help and advice......PS: do you ever sleep.

Alexland

dodgyknee said:

PS: do you ever sleep.

eskbanker is a machine and only the latest generation of AI bots are smart enough to enjoy sleep.

eskbanker

Alexland said:

dodgyknee said:

PS: do you ever sleep.

eskbanker is a machine and only the latest generation of AI bots are smart enough to enjoy sleep.

Damn, rumbled!  Fortunately, somebody pressed Ctrl-Alt-Del a bit later on and so I'm now fully rebooted and ready for action....