FIXED CASH ISA

Bobby4puddings

I have a Fixed Cash ISA due to mature shortly.
I also have another Fixed Cash ISA with another provider which gives better interest (better than anything you can get today) and doesn't mature til July next year.
Am I allowed to transfer the ISA due to mature to the one with a better rate?

slinger2

It all depends on the terms and conditions of the fixed rate product. Most fixed rate Cash ISAs only let you add money in the first few weeks after opening, but there are a few that let you add during the term. You'll need to read the T&Cs.

Bobby4puddings

OK Thank you

Albermarle

Fixed term savings accounts ( ISa or not) normally do not allow transfers in after the initial funding window ( usually 14 to 30 days)

BridgetTheCat

It’ll depend on the t&cs of the ISA you want to transfer into. Sometimes there’s a limited time to fund it, sometimes not.

surreysaver

Depends...

Albermarle

slinger2 said:

It all depends on the terms and conditions of the fixed rate product. Most fixed rate Cash ISAs only let you add money in the first few weeks after opening, but there are a few that let you add during the term. You'll need to read the T&Cs.

The 'few' allow contributions of new money during the term, but only allow transfers 'at their discretion' or not at all.
With interest rates creeping down, I doubt any would allow transfers in after the initial funding window at the moment.

soulsaver

Who is the planned 'provider'?
It may depend on when you opened the target fix; Lloyds allow transfers to their fixed ISAs opened prior to May/June this year.

35har1old

Bobby4puddings said:

I have a Fixed Cash ISA due to mature shortly.
I also have another Fixed Cash ISA with another provider which gives better interest (better than anything you can get today) and doesn't mature til July next year.
Am I allowed to transfer the ISA due to mature to the one with a better rate?

Could you not open another ISA with the provider that is paying the better rate and transfer in?

badger09

35har1old said:

Bobby4puddings said:

I have a Fixed Cash ISA due to mature shortly.
I also have another Fixed Cash ISA with another provider which gives better interest (better than anything you can get today) and doesn't mature til July next year.
Am I allowed to transfer the ISA due to mature to the one with a better rate?

Could you not open another ISA with the provider that is paying the better rate and transfer in?

I suspect it’s because the provider in question is not now offering the high rate that OP secured on the FRISA which matures in July next year. 

35har1old

Albermarle said:

slinger2 said:

It all depends on the terms and conditions of the fixed rate product. Most fixed rate Cash ISAs only let you add money in the first few weeks after opening, but there are a few that let you add during the term. You'll need to read the T&Cs.

The 'few' allow contributions of new money during the term, but only allow transfers 'at their discretion' or not at all.
With interest rates creeping down, I doubt any would allow transfers in after the initial funding window at the moment.

Only one I know that allows tranfers in  to a fix any time within the current tax year is the Progressive