Isa query .

alfmurph

In february put new money into fixed isa with virgin money  . £20.000 .
In february i transferred 8k from isa saver to new isa saver as old one was being closed  at halifax bank . I just kept it there as ready money .
But now bank has said they are reducing interest rate on the new isa saver to 0.05per cent  in july which is pathetic.
This month i expect another 20k in new money .
I am going to invest this in a fixed isa probably with virgin as well .
But can i tranfer the 8k in the halifax into the new isa i am about to open as i will have invested 20k already and this 8k would make 28k .
I have another account for ready money .

colsten

You can transfer ISA money from previous years as often as you like. Transfer amounts do not count towards your annual ISA allowance.

badger09

colsten said:

You can transfer ISA money from previous years as often as you like. Transfer amounts do not count towards your annual ISA allowance.

As long as you use the new ISA provider's transfer process

Shedman

By the way have you looked at Ford Money's Fixed ISA which pay 1.25% 1 yr, 1.35% 2 yr which I believe is better than Virgin's rates.  No issues opening account and transfer of an old Virgin Cash ISA to Ford Money only took 2 days.   And you get 14 days from opening the account to add this years money if you haven't already opened an ISA so far