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Transferring a Cash ISA to Hargreaves Lansdown Cash ISA
sush40
Posts: 90 Forumite
Hi,
Has anyone managed to transfer a Cash ISA to the new HL Cash ISA at 4.55%?
The process doesn't seem to be very straight forward - the cash ISA with your current provider needs to be transferred to a HL Stock and Shares first, then from HL S&S to HL Cash ISA.
I am ready to send my application, however I am wondering if there are any fees for having my money held in a S&S with HL while waiting to be converted to a Cash ISA again.
If I'm correct, I shouldn't be charged anything, since the money stays as cash in the S&S. My provider is Tembo and I don't think they charge anything either for transferring out.
Has anyone managed to transfer a Cash ISA to the new HL Cash ISA at 4.55%?
The process doesn't seem to be very straight forward - the cash ISA with your current provider needs to be transferred to a HL Stock and Shares first, then from HL S&S to HL Cash ISA.
I am ready to send my application, however I am wondering if there are any fees for having my money held in a S&S with HL while waiting to be converted to a Cash ISA again.
If I'm correct, I shouldn't be charged anything, since the money stays as cash in the S&S. My provider is Tembo and I don't think they charge anything either for transferring out.
0
Comments
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From HL’s Cash ISA Key Features document:
https://www.hl.co.uk/__data/assets/pdf_file/0010/15897916/cash-isa-key-features.pdfWe currently can’t accept transfers of other ISAs into the HL Cash ISA, but you can transfer to another ISA manager.
I had assumed that this would include such an ‘internal’ transfer, but am intrigued by your possible workaround and will follow with interest.
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