Isa transfer due in September.

[Deleted User]

Hello.
I've currently  have a 1 year fixed ISA 5.45%, which is due to mature in late Sep. I was looking at virgin money  1 year fixed at 5.05%. 
Do you think it's a good deal, or maybe should l go for a 2 year fix instead?
Any recommendations on the provider would  be helpful.

masonic

Why not go for the best option available at the time. Much of the accounts available today are unlikely to still be around in late September.

Albermarle

As nobody van see into the future, no one can say whether it is a better idea to have a one, two or however many years fix.
It is a kind of gamble.

[Deleted User]

masonic said:

Why not go for the best option available at the time. Much of the accounts available today are unlikely to still be around in late September.

Well actually  l made a mistake and it's due to mature in  late October.
I'll just have to see what's out there then, guess.

[Deleted User]

Albermarle said:

As nobody van see into the future, no one can say whether it is a better idea to have a one, two or however many years fix.
It is a kind of gamble.

Fair enough. 

refluxer

If fixed rates start to fall and you want to secure a certain rate in advance then you'll be able to open a fixed rate cash ISA in advance of the maturity date of your existing ISA but how far in advance will depend on the funding (or transfer-in request) window of the new account.

One month is fairly typical, but some ISA providers can be more or less than that. There's probably no point in looking much before the end of September, unless you can find a provider who'll allow you longer to fund it/request a transfer. IIRC, Virgin might be one of the few who do ?

Albermarle

refluxer said:

If fixed rates start to fall and you want to secure a certain rate in advance then you'll be able to open a fixed rate cash ISA in advance of the maturity date of your existing ISA but how far in advance will depend on the funding (or transfer-in request) window of the new account.

One month is fairly typical, but some ISA providers can be more or less than that. There's probably no point in looking much before the end of September, unless you can find a provider who'll allow you longer to fund it/request a transfer. IIRC, Virgin might be one of the few who do ?

Even fixed rate ISA providers that are flexible on when you add new funds ( like Shawbrook) say that transfers in outside the initial window are strictly at their discretion. However they do not give an absolute fixed deadline like most providers do, so you could be OK.

[Deleted User]

refluxer said:

If fixed rates start to fall and you want to secure a certain rate in advance then you'll be able to open a fixed rate cash ISA in advance of the maturity date of your existing ISA but how far in advance will depend on the funding (or transfer-in request) window of the new account.

One month is fairly typical, but some ISA providers can be more or less than that. There's probably no point in looking much before the end of September, unless you can find a provider who'll allow you longer to fund it/request a transfer. IIRC, Virgin might be one of the few who do ?

I'll look into it  more nearer  the date then, l might contact virgin to see if they will.
Thank you.

[Deleted User]

Albermarle said:

refluxer said:

If fixed rates start to fall and you want to secure a certain rate in advance then you'll be able to open a fixed rate cash ISA in advance of the maturity date of your existing ISA but how far in advance will depend on the funding (or transfer-in request) window of the new account.

One month is fairly typical, but some ISA providers can be more or less than that. There's probably no point in looking much before the end of September, unless you can find a provider who'll allow you longer to fund it/request a transfer. IIRC, Virgin might be one of the few who do ?

Even fixed rate ISA providers that are flexible on when you add new funds ( like Shawbrook) say that transfers in outside the initial window are strictly at their discretion. However they do not give an absolute fixed deadline like most providers do, so you could be OK.

Another  provider to look at then. Thank you.