Maturing ISA

tsmiggy54

Hi. 
I have a 1 year Fixed ISA with Shawbrook which matures on the 4th July. There exisitng rates are quite poor, so i am thinking of moving to a different provider. I also noticed that Nat West are doing a 1 year fixed at 4.3%, which would be far better than Shawbrooks offering.

I s it possible to open the Nat West ISA, before the 4.3% ends, then fund the ISA on or after 4th July by a Nat West transfer, which they do. I have tried to look for the answer, but cannot seem to find it on there site. 

Thanks

mebu60

How long is the funding window for the Nat West ISA? And do they accept transfers-in? (which is possibly what you mean by 'a Nat West transfer'. 

If you time it right you should be able to open the Nat West ISA and instruct Nat West to transfer-in the Shawbrook ISA at maturity. 

LeafGreen

Where are you seeing the NatWest one at 4.3%?  On their website it looks like 4.1%, and Shawbrook are showing 4.11%.  You may be able to lock in that rate with Shawbrook up to 1 month prior to maturity by giving instructions via their website (you should get an e-mail about thatin next day or 2 if not already received).
According to MSE there are some other providers up to 4.27% but you would need to check how far in advance you can open them and still be able to transfer in when the current one matures.

tsmiggy54

LeafGreen said:

Where are you seeing the NatWest one at 4.3%?  On their website it looks like 4.1%, and Shawbrook are showing 4.11%.  You may be able to lock in that rate with Shawbrook up to 1 month prior to maturity by giving instructions via their website (you should get an e-mail about thatin next day or 2 if not already received).
According to MSE there are some other providers up to 4.27% but you would need to check how far in advance you can open them and still be able to transfer in when the current one matures.

https://www.natwest.com/savings/fixed-term-savings-account.html

tsmiggy54

mebu60 said:

How long is the funding window for the Nat West ISA? And do they accept transfers-in? (which is possibly what you mean by 'a Nat West transfer'. 

If you time it right you should be able to open the Nat West ISA and instruct Nat West to transfer-in the Shawbrook ISA at maturity. 

I have since found out it would have to be funded by 24th June, so that would be a no go.

slinger2

but that's not an ISA. You mentioned "the Nat West ISA, before the 4.3% ends" but their ISA is only 4.1%.

tsmiggy54

slinger2 said:

but that's not an ISA. You mentioned "the Nat West ISA, before the 4.3% ends" but their ISA is only 4.1%.

ooopppppppssssssssss lol