We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
20K to be put into cash ISA mid May
SickGroove
Posts: 308 Forumite
Hello,
I've got 20K in a fixed rate bond which matures mid May & I want to put into a new cash ISA for 24/25 (for tax reasons)
I also want to transfer a 2.5K cash ISA from Gatehouse into it to (from a previous tax year)
Should I just open an easy access one now or a 1 year fix around the middle of this month, that allows 30 days to keep funding it?
Cheers
I've got 20K in a fixed rate bond which matures mid May & I want to put into a new cash ISA for 24/25 (for tax reasons)
I also want to transfer a 2.5K cash ISA from Gatehouse into it to (from a previous tax year)
Should I just open an easy access one now or a 1 year fix around the middle of this month, that allows 30 days to keep funding it?
Cheers
0
Comments
-
If you can get a fixed rate that lines up with the dates that would most likely give you a better rate? Can you be sure your maturing bond will make the funds available in a timely manner?I’m a Forum Ambassador and I support the Forum Team on the Credit Cards and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
Yeah, it matures with Atom on 11th & they're pretty good at transferring pretty much immediately...0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.8K Banking & Borrowing
- 251.9K Reduce Debt & Boost Income
- 452.2K Spending & Discounts
- 240.1K Work, Benefits & Business
- 616.3K Mortgages, Homes & Bills
- 175.4K Life & Family
- 253.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards