Opening a fixed rate cash isa with a transfer and no new money

Redwinelover

Can I open a new fixed rate cash isa with a transfer from a maturing fixed rate cash isa, without making a deposit during the funding window?  In other words, opening the account with no new money from the current tax year? I've used up my allowance for this year in a flexible cash isa.  Currently looking at Shawbrook 1yr and Kent reliance 2 year as possibilities.

Malchester

Yes, no problem. I have done this many times with no problems 

Rodders53

Yes.
Done exactly that with both those (to Kent from Nationwide a few years back and then on to Shawbrook this Summer to get a better rate.)

refluxer

Yes, but note that you'll still have a window in which they'll need to receive your transfer request. Some providers only allow you to request a transfer when opening the account and some will typically give you between 2-4 weeks. If you apply in advance of the existing ISA's maturity date, there'll also be a limit which dictates how far in advance the funds need to be accessible.

subjecttocontract

refluxer said:

Yes, but note that you'll still have a window in which they'll need to receive your transfer request. Some providers only allow you to request a transfer when opening the account and some will typically give you between 2-4 weeks. If you apply in advance of the existing ISA's maturity date, there'll also be a limit which dictates how far in advance the funds need to be accessible.

I don't believe this is possible with some ISA providers e.g Secure Trust who allocate a new account number on maturity.