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ISA maturing
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sandunk
Posts: 1 Newbie
Hi my fixed term ISA is about to mature and will change to easy access with low interest rate. I have had chat with bank n I'm considering opening with another bank (offers higher interest rate) n transferring ISA. As I max the ISA limit the new balance is over 20k. Can I simply transfer the full amount, ISA +interest, to new provider?
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Comments
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Absolutely!
Even if you do it in the new tax year it will still be treated as 'old money' so you can still add a further 20k.1 -
The thread before yours asked a similar question, so the answers may be of interest.
Fixed Rate Cash ISA advice — MoneySavingExpert Forum
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