We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Renewing maturing ISA
Options
menai
Posts: 3 Newbie
My cash ISA matures on 12th April, next tax year. Should I complete forms now to transfer to new ISA on maturity, using present rates or wait until interest rates are published for 24/25.
0
Comments
-
If you are talking about renewing a fixed term cash ISA, then the rates are set by the provider based on what they think how rates will evolve during the fixed term.
So any predicted changes in interest rate over the next few months are already 'baked in ' to the fixed rates on offer. However:
1) The provider may change their view on future interest rates at some point.
2) The provider may offer slightly worse or better rates depending on how much money they want to attract.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards