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Cash isa
derwentarms
Posts: 2 Newbie
I want to transfer money in savings account to a higher interest cash isa. I already have a cash isa with low interest rate with no money in. How is this done?
0
Comments
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If you haven't paid into the existing ISA during this tax year then you're free to pay into a new one.1
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Why not transfer the low interest ISA into the higher rate one?0
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Time was when a cash ISA with no money in could not exist. I suppose now you could have a flexible ISA which has no money in it at present. Can you transfer a flexible ISA from Provider A to Provider B then add back the money you had withdrawn when it was with Provider A without eating-in to your ISA allowance? I would guess not.Reed0
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