ISA FCSC

flaneurs_lobster

saajan_12 said:

cargo said:

Thanks to all whom have replied. 

It's really appreciated.

So to summarize I can split this account in half and transfer each half to two new providers ?

This can be done as many times a year  (if needed I have another Isa account near the limit) as long as it's transferring existing Isa funds ?

Thanks

You can, but what's the point of going to 2 new providers? Just transfer part out, and leave the rest with this one? 

Rather depends on what rates they might be offering?

cargo

flaneurs_lobster said:

cargo said:

Thanks to all whom have replied. 

It's really appreciated.

So to summarize I can split this account in half and transfer each half to two new providers ?

This can be done as many times a year  (if needed I have another Isa account near the limit) as long as it's transferring existing Isa funds ?

Thanks

Yes...........

Great thank you.

cargo

badger09 said:

And don’t try to do both xfers at the same time. 

Ask ISA provider A to xfer £xxx, then once that’s completed, ask provider B to xfer the balance.   

Sounds like great advice, thanks.

cargo

saajan_12 said:

cargo said:

Thanks to all whom have replied. 

It's really appreciated.

So to summarize I can split this account in half and transfer each half to two new providers ?

This can be done as many times a year  (if needed I have another Isa account near the limit) as long as it's transferring existing Isa funds ?

Thanks

You can, but what's the point of going to 2 new providers? Just transfer part out, and leave the rest with this one? 

Because you can get better rates than the current provider. Otherwise your advice is great. Thanks

cargo

flaneurs_lobster said:

saajan_12 said:

cargo said:

Thanks to all whom have replied. 

It's really appreciated.

So to summarize I can split this account in half and transfer each half to two new providers ?

This can be done as many times a year  (if needed I have another Isa account near the limit) as long as it's transferring existing Isa funds ?

Thanks

You can, but what's the point of going to 2 new providers? Just transfer part out, and leave the rest with this one? 

Rather depends on what rates they might be offering?

Yes you are correct :-)

badger09

cargo said:

badger09 said:

And don’t try to do both xfers at the same time. 

Ask ISA provider A to xfer £xxx, then once that’s completed, ask provider B to xfer the balance.   

Sounds like great advice, thanks.

From personal experience😉

easyasonetwothree

Just to add - check that your current ISA provider allows partial transfers. I tried to transfer a part of my Chip ISA recently and Chip refused saying they only allow transfers of the entire amount. 

cargo

easyasonetwothree said:

Just to add - check that your current ISA provider allows partial transfers. I tried to transfer a part of my Chip ISA recently and Chip refused saying they only allow transfers of the entire amount. 

I just rang them and they do. Thanks for letting me know of the potential problem.