Maturing fixed rate isa

carlbhoy

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?

JGB1955

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).

badger09

Make sure you use the new ISA provider’s transfer process, to preserve the tax free status. 

Albermarle

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

Albermarle said:

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. 

xylophone

https://www.thisismoney.co.uk/money/saving/article-1583864/Best-savings-rates-Isas-Cash-Isa-accounts-fixed-rate-Isas.html