Transferring cash ISA

penniesmakepounds123

I'm looking to open a 1 year fixed cash ISA, and transfer the balance of my existing easy access cash ISA into it. I can see interest was credited at the end of March, and that there is a balance of accrued interest to date which is yet to be credited, I assume because it's annual. Does that mean that if I transfer out today, that I will lose that interest? Or will I receive the amount accrued to date as I close and transfer out? 

Doctor_Who

You won't lose the accrued interest, it will be credited when the old account is closed, which will happen if you do a full ISA transfer to the new provider.

penniesmakepounds123

Thank you. Does that mean I have to manually try to calculate the exact amount that will be transferred? (I haven’t done the application yet but assumed I would need to state how much I'm going to transfer). Or hopefully there’s an option where I can just say ‘full balance’!

Doctor_Who

If you want to transfer and close the old ISA just choose a 'full transfer' when completing the new ISA provider's transfer form.