Maturing cash ISA transfer help!

Limara

My current idea matures with Coventry the options are very poor.
Ideally I want to transfer to different providers so I can get one on monthly interest payout.
How can you state how much you want to transfer when you don't know the balance until maturity and they say if they don't hear it will be automatically put in a fixed ISA which I don't want.
First time I have had to transfer they have always been quite competitive  sadly not this time ! 

JGB1955

Are they not quoting a maturity value? If not, just approach a new provider and request that the full sum is transferred upon maturity.

singhini

Short answer is you won't know until after maturity unless they have already communicated it to you. If they haven't don't worry because the paperwork for the new bank or building society you want to move to will ask you a series of questions, such as:

Q1) Please confirm what type of ISA you want to transfer -----> you choose Cash ISA, not Stocks & Shares ISA (assuming the Coventry ISA is indeed a cash ISA)

Q2) Your transfer options - Decide whether you want to:

(a) Transfer all the money from your existing ISA and close it, or

(b) Transfer some money from your existing ISA.

Select (a) if you want to move everything.

Q3) Does the ISA you wish to transfer have a notice period -----> put the date it matures (if its already matured then select NO -----> NOTE: if the ISA matures and Coventry re-invest it into a new fixed rate ISA i think you have 21 days "free window/cooling off" period where you can move it elsewhere -----> CHECK  WITH  THEM  FIRST  BCOZ  IM  NOT  100%  SURE 

PS1 -----> i made those questions up (they are representative of they types of questions you will be asked by the new bank/building society

PS2 -----> you will need to provide the new bank/building society the account details and sort code of the old Coventry ISA so make sure you have it when you apply to the new place.