Isa query

bellewalker1
bellewalker1 Posts: 1 Newbie
edited 24 April at 2:42PM in ISAs & tax-free savings
I have an 18 month term Isa maturing this October and was wondering what my best options are.  Whether it is possible for me to transfer it into a new Isa now without paying early release charges.    

Comments

  • Middle_of_the_Road
    Middle_of_the_Road Posts: 1,032 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    I have an 18 month term Isa maturing this October and was wondering what my best options are.  Whether it is possible for me to transfer it into a new Isa now without paying early release charges.    
    Highly unlikely.
    You would need to check how much penalty you would incur by transferring the ISA to a new provider. Depending on your current rate and available rates now, it might not be worthwhile.
  • slinger2
    slinger2 Posts: 895 Forumite
    500 Posts First Anniversary Name Dropper
    Difficult to say without knowing the interest rate and the penalty for early withdrawal, but (as above) it's "highly unlikely" that it'll be worth paying that penalty. Probably best to wait until it matures and then see what's available.
  • PeskyBlunder
    PeskyBlunder Posts: 147 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    As above, it's unlikely to be worth your while but try the calculator:



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