Recommended Cash ISA Transfers

himonster

Hi, looking to transfer my ISA out from T212 due to the interest rate being reduced after the first year.

Can anyone recommend a company that accepts transfers in that pay more than 4% please? I would need a cash ISA for peace of mind so that it's accessible and no limits on withdrawals.

I am open to a fixed rate/limited withdrawals too, just need to see if there's one like the above first as T212 will drop to 3.5% next month.

Thanks

jay1804

I'm looking at Tandem they pay 4% and it's a flexible ISA. They don't accept my current provider, so I have to transfer to a different one first. https://www.tandem.co.uk/save/instant-access-cash-isa

JGB1955

There are quite a selection at

Compare Easy Access ISAs | Best Rate Currently 4.56% AER

Albermarle

 I would need a cash ISA for peace of mind so that it's accessible and no limits on withdrawals.

I am open to a fixed rate/limited withdrawals too,

These statements are contradictory, so you need to decide what you really want.

himonster

https://forums.moneysavingexpert.com/discussion/comment/81917298#Comment_81917298

Mainly the first option

himonster

How do you check who they accept from please?

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81917346#Comment_81917346

When it comes to accepting transfers-in, there are generally two types of ISA provider - those who accept transfers from the majority of other ISA providers (either electronically or via paper forms/cheques) and those who only accept electronic transfers (usually via the BACs ISA transfer service).

Your issue is that you've chosen a provider who (presumably, being app-based) does electronic transfers but not via the BACs ISA transfer service, which will rule out a transfer to many of the providers in the latter category who often appear near the top of the 'best buy' tables, like Tandem or Cynergy.

If a provider will only accept BACs ISA transfers, then they will usually state this on their ISA account page or in their ISA FAQs. Eg. Tandem : https://www.tandem.co.uk/save/transferring-cash-isa-in#ISA-providers

Note that Trading212 aren't listed, which must mean they don't use the BACs ISA transfer service.

eskbanker

BACs

Out of curiosity, why the lower case 's'? My understanding is that it's an initialism for Bankers' Automated Clearing System, so I don't recall seeing it presented as anything other than 'BACS', but repeated mixed-case styling above looks deliberate.

himonster

https://forums.moneysavingexpert.com/discussion/comment/81917432#Comment_81917432

I see, so I might be stuck with them?

subjecttocontract

Yes I usually stick with BACs / ISA transfer providers as it makes life easier generally.

I use BACs instead of BACS deliberately because I know it annoys some people ! 😁😁

himonster

It looks like Tesco offer 4% on transfers from other ISA's. It also looks like they are the easiest to transfer from T212 as a lot of people have had hassle getting new ISA companies to accept them, so Tesco may be the way to go.

Will they want ISA account numbers? T212 don't seem to have them.