Cancelling new ISA - want to switch to better rate now advertised on MSE!

eskbanker

jungleboy123 said:

I'll have to stick with Shawbrook and hope that there isn't significant increases in the ISA rates going forward. BoE just put up rates to 4.25% today.

Any fixed rate product is always a gamble, so the best thing to do (for this particular pot) is to ignore rate movements until or unless they're massively different from what you signed up for, to the extent where it may be justifiable to take an early withdrawal penalty.

VNX

jungleboy123 said:

Thanks everyone for the advice.

Today was the cut off and it looks like all our isa transfers went through.

I'll have to stick with Shawbrook and hope that there isn't significant increases in the ISA rates going forward. BoE just put up rates to 4.25% today.

Annoyingly easy access is/has always been lower than BoE rates and they dont seem to bother moving above!

It’s all Crystal ball stuff but todays increase I’d expect would have been or at least largely priced in to fixes if (if of course) the BoE do pause and inflation eases from early summer fixes probably don’t have much or to increase by or we are talking a 0.2pc type rise 

jungleboy123

no rises so far... 0.09% difference between Shawbrook and Santander isnt much in the grand scheme (at least we're nowhere near transferring £1 million).

MACKEM99

I am in a similar boat.  Did a transfer from an isa that needs 30 day notice to get out of.  Due to transfer across on 12 April.  Then saw the Santander at better rate so waiting to see if Santander one still available and will transfer again.