Transferring ISA Bond from United Trust Bank to Lloyds

soulsaver

phillyt2k said:

Last year I applied for an ISA 1 Year Bond with United Trust bank. This is due to mature on the 22/05/2025 with interest to come.

 

On the 14/04/2025 I applied for a new ISA with Lloyds, I’ve already paid into this account.

 

Do I need to wait until the 22nd before I can transfer this to my Lloyds one, or else I won’t get the interest?

 

With United Trust there is a “maturity instructions” which I need to action.

 

There is “New Account” or “Repayment”

 

“New Account” lists 6 different ISA 1 Year Bonds. Can I just pick one of these, then transfer this to my new Lloyds ISA after the 22nd. Or is it not that simple?

Is there a 'Top Up ISA' button on the Lloyds ISA? If so I'm sure they allow you to transfer in during the term.

It may be by a form, not online. Also, I can't see anything in the terms that says you can't.

soulsaver

35har1old said:

refluxer said:

Lloyds are often mentioned on here as one of the few ISA providers who allow new subscriptions to be added to their fixed rate cash ISAs throughout the duration of the fixed rate period, although I don't think they make it obvious that this is the case in the account T&C's.

AFAIK, there are no ISA providers who allow you to transfer-in in the same way - providers either insist transfer-in requests are submitted at the time of account opening or they have a deadline for receiving these requests. 

Shawbrook are the only provider I've heard of who have actually allowed later transfers-in in the past at their discretion, but they aren't allowing this at the moment.

Progressive will let you transfer in within the tax year of account opening and cash deposits upto your allowance

 Lodgements
 • while the issue is open you can lodge additional amounts into your bond by cash, cheque or electronic transfer.
 • Section 4 of the Savings General Terms and Conditions provides more information for these options;
 • you cannot make additional lodgements to a bond after the issue has closed

2-year-fixed-rate-bond-iss-23-summary-box-and-ts-cs.pdf

35har1old

soulsaver said:

35har1old said:

refluxer said:

Lloyds are often mentioned on here as one of the few ISA providers who allow new subscriptions to be added to their fixed rate cash ISAs throughout the duration of the fixed rate period, although I don't think they make it obvious that this is the case in the account T&C's.

AFAIK, there are no ISA providers who allow you to transfer-in in the same way - providers either insist transfer-in requests are submitted at the time of account opening or they have a deadline for receiving these requests. 

Shawbrook are the only provider I've heard of who have actually allowed later transfers-in in the past at their discretion, but they aren't allowing this at the moment.

Progressive will let you transfer in within the tax year of account opening and cash deposits upto your allowance

 Lodgements
 • while the issue is open you can lodge additional amounts into your bond by cash, cheque or electronic transfer.
 • Section 4 of the Savings General Terms and Conditions provides more information for these options;
 • you cannot make additional lodgements to a bond after the issue has closed

2-year-fixed-rate-bond-iss-23-summary-box-and-ts-cs.pdf

I am afraid your are quoting the terms for a fixed rate bond not a fixed rate ISA.issue 21
Being able to add cash and transfers in within this tax year has been confirmed by telephone and a branch visit 

phillyt2k

Just as a follow up.... in case anybody is in the same situation.

United Trust bank ISA Bond went into a "Cash ISA - Call Account" upon maturing. Little bit concerned as it said my available balance was 5K less that what was in there, but apparently you need to leave 5K in there to keep the account open. I just messaged them and told then I want to do an ISA transfer of the whole amount.

Lloyds transfer was all done on the app, supply them the sort code, account number and amount to transfer.

All done in a few days. Thanks for your help all 👍