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.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.

Maturing fixed rate isa

My one year fixed rate isa has just closed, I have already invested in one for this year with the £20000, full amount, what can I do with last years, can I transfer it to a new one or do I have to stay with who it is at the moment?

Comments

  • JGB1955
    JGB1955 Posts: 3,733 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    You can transfer the matured ISA to whichever institution you choose (assuming they accept transfers-in).  You can split it between more than one (assuming they accept part transfers-in).
    #2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
  • badger09
    badger09 Posts: 11,477 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Make sure you use the new ISA provider’s transfer process, to preserve the tax free status. 
  • Albermarle
    Albermarle Posts: 25,990 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    carlbhoy said:
    My one year fixed rate isa has just closed, I have already invested in one for this year with the £20000, full amount, what can I do with last years, can I transfer it to a new one or do I have to stay with who it is at the moment?
    Suggest a good read through this forum would be a good way to get up to speed with all ISA questions, including many very similar to this one.
  • sheslookinhot
    sheslookinhot Posts: 2,184 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    carlbhoy said:
    My one year fixed rate isa has just closed, I have already invested in one for this year with the £20000, full amount, what can I do with last years, can I transfer it to a new one or do I have to stay with who it is at the moment?
    Suggest a good read through this forum would be a good way to get up to speed with all ISA questions, including many very similar to this one.
    There are so many questions asked that could be avoided by simply reading the product T’s & C’s or indeed the maturity instructions that all providers issue to customers before their product matures. 
    Mortgage free
    Vocational freedom has arrived
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.3K Mortgages, Homes & Bills
  • 175.7K Life & Family
  • 254.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.