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ISA minimum deposit, needs clarification
galastur
Posts: 47 Forumite
Hello,
Just wanted some clafication regarding the "minimum" deposit.
I am looking into transfering my existing ISA into a two year fix. NOTE: I was going to use Cynergy bank but they appear to have removed theirs? so will go with Vanquis. Please correct me if wrong!
Both have a minimum deposit, and my question is, do I need to deposit that amount when I open the account? or can I just do the transfer of my existing ISA ? (is a larger amount that the minimum deposit)
Many thanks
Just wanted some clafication regarding the "minimum" deposit.
I am looking into transfering my existing ISA into a two year fix. NOTE: I was going to use Cynergy bank but they appear to have removed theirs? so will go with Vanquis. Please correct me if wrong!
Both have a minimum deposit, and my question is, do I need to deposit that amount when I open the account? or can I just do the transfer of my existing ISA ? (is a larger amount that the minimum deposit)
Many thanks
0
Comments
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The minimum deposit can usually be satisfied using monies from the transfer.1
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I requested a transfer to Vanquis yesterday. Didn't have to make a deposit first1
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According to moneyfactscompare.co.uk and Cynergy themselves, the Cynergy ISA is still available. Transfers are usually good enough to meet the minimum deposit.0
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