ISA Maturity Options

Hunnie1977

 my ISA is due to mature in October. I have two questions regarding the options available:

1. Am I able to withdraw only the interest earned, and also transfer part of the balance to my son’s account, while leaving the remaining funds invested?

2. Alternatively, would it be more beneficial to renew the ISA for another one or two years, and what are the current rates for these options?

I would appreciate your guidance so that I can make an informed decision.

As been asked to move moines to saving account some assitnace on what to do next would be great full 

optiprime8

1. Yes, you can choose how much of your ISA to be withdrawn to you nominated bank account and how much to be moved to a new ISA
2. See the forum post “Cash ISAs: The Best Currently Available List” for an updated list of the best rates from different providers. Your current provide should tell you what their rates are in your maturity pack. 

As to whether you should save in a cash ISA compared to a savings account will depend on what tax rate you pay and your total earnings from savings, it’s explained here: https://www.moneysavingexpert.com/savings/best-cash-isa/#faqs