Early closure of ISA

VNX

Hi all,

similar to what many are doing, closing an fixed ISA and transferring for a better rate (even after penalty) 

I have circa 80k in a two year fix I am going to transfer out of, my understanding is this whole balance will need to be transferred in one go and old account closed. 

Ideally I’d like to split this, some into a new one year rest into a new two year, If I closed the account with the 80k and transferred to a new easy access ISA then once done, then can I transfer half to a new one year and half to a new two year?

Hope this question makes sense!

thank you

Doctor_Who

I have circa 80k in a two year fix I am going to transfer out of, my understanding is this whole balance will need to be transferred in one go and old account closed. 

You only need to keep the current year's subscription together when doing an ISA transfer, previous years' subscriptions can be partial transfers (as long as both providers' T&Cs allow it).

35har1old

Doctor_Who said:

I have circa 80k in a two year fix I am going to transfer out of, my understanding is this whole balance will need to be transferred in one go and old account closed. 

You only need to keep the current year's subscription together when doing an ISA transfer, previous years' subscriptions can be partial transfers (as long as both providers' T&Cs allow it).

The terms of the fix rate usually mean that you can't make a partial transfer.
You could transfer temporarily to a instant access ISA then make partial  transfers  to the  other fixed rate products
Random selected 3 providers and none allowed partial transfers out from fixed rate products