Two cash ISAs with Charter Savings Bank

SickGroove

Evening, 

I've currently got two cash ISAs with Charter Savings Bank (both with 20K of old money) 

One matures next month, the other matures next April...

My question is, on maturity, can I just transfer my whole maturing balance, into the existing other cash ISA that matures next April?

If so, will this be an option on the maturity instructions I'll receive in a couple of weeks?

Any guidance appreciated, Cheers

eskbanker

Most fixed term ISAs will only accept deposits or transfers within a short initial funding window, so it's unlikely that one maturing next April will allow further contributions, but check the Ts & Cs.

refluxer

IIRC, Charter's fixed rate cash ISAs have a 30 day funding window for both new subscriptions and transfers, so no - you won't be able to do that.

While there are a few ISA providers who allow new subscriptions to be paid into their fixed rate ISAs throughout the duration of the fixed rate period (eg. Shawbrook, Barclays), none of them allow you to do the same with transfers (Shawbrook state it's at their discretion and have allowed this in the past but they stopped allowing this once interest rates started to decrease).

poseidon1

SickGroove said:

Evening, 

I've currently got two cash ISAs with Charter Savings Bank (both with 20K of old money) 

One matures next month, the other matures next April...

My question is, on maturity, can I just transfer my whole maturing balance, into the existing other cash ISA that matures next April?

If so, will this be an option on the maturity instructions I'll receive in a couple of weeks?

Any guidance appreciated, Cheers

No you cannot for the reasons stated.

I have multiple accounts with Charter including a fixed rate isa maturing end of this month. I have opened an easy access isa with them (4.18%) to receive the maturity funds in due course and have given advanced instructions to that effect.

The easy access isa will be a stop gap measure, whilst I deliberate whether to continue with cash ISAs (for these particular funds), or transfer the monies back to stocks and shares isa where they originated.