Transfer of easy access cash ISA to fixed rate

Loyalandtrue77

Albermarle said:

and will pursue a branch based account where I can talk to someone locally, face to face. 

This will almost certainly mean you will get a poorer interest rate than you can get on line.

Leeds building society at 1.5% was my intention, so not much worse, but decided to go down a different path in the end anyway.

Loyalandtrue77

xylophone said:

will pursue a branch based account where I can talk to someone locally, 

You might find that you are not getting the best available interest rate.

I have one easy access cash ISA (BOS) that I renewed prior to the new tax year 22/23, and contributed the whole allowance on the 6th April 2022. I have decided to look around for a better rate of interest.

Are you saying that you have only one ISA account and it is held with BOS?

The account holds your full subscription for the current tax year (£20,000 presumably) AND

subscriptions for previous tax years?

This means that you cannot now make any further subscription to this or any other ISA for this tax year.

However, you can transfer part or all of the money in the account to another provider.

If you want to transfer the current year's subscription then you must transfer the whole £20,000.

You could also transfer the balance of the existing account to the provider accepting the transfer of this year's subscription.

Or you could transfer it in whole or in part elsewhere.

You just need to check that your existing provider permits partial transfers out and that any new provider accepts transfers in.

Your new provider must arrange the transfer.

Thanks for the advice. I've actually chosen to transfer the funds elsewhere into a fixed rate savings account, and give up the tax free status. 

For the ISA the new provider asked me to choose one of three options for funding:

1. Utilise subscription 
2. Transfer existing ISA
3. Both of the above

I wasn't sure if they were asking to know how much of my allowance I had used, or wanted to use. 

Either way, I'm working away from home on a vessel right now and will miss the deadline to make a deposit for a branch based account I wanted, and have had all sorts of technical issues applying online for an ISA. I might regret that decision in the future, but right now it seems like the best choice for me, and far easier to set up where I am at the moment.