Recommended Cash ISA Transfers

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81917602#Comment_81917602

If you want some reassurance, I had a couple of Tesco easy access accounts a few years ago and they were a great bank to deal with - payments in and out were truly instant. The only downside was that they still occasionally used paper forms. Tesco Bank were bought by Barclays in November 2024.

As mentioned above, you'll just need to put your Trading212 ISA account ID in the 'Roll number/reference number' box on Tesco's ISA transfer form. You'll get Tesco's advertised interest rate for your transferred-in funds because, as I mentioned in your other thread, that is the norm unless it specifically states otherwise.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81917662#Comment_81917662

At the risk of rising to the bait (and taking the thread further off-topic), I'm sure that anyone minded to do so could find plenty of such errors in my posts but, for the avoidance of doubt, I wasn't 'pointing out mistakes' in any gratuitously pedantic way but genuinely asking if there was a reason to mix cases in that way, given that it appeared to be a conscious choice rather than a mistake!

Not commenting on your deliberate mistakes though… 😉

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81917657#Comment_81917657

Thanks. Although some new ISA accounts can be as much as 4.5%

NebulaNova

Just a few questions about an ISA transfer -

T212 pays interest monthly so at the moment I have about 11 months interest in there.

Will the ISA transfer mean that the £20k and the interest will transfer to my new provider? Meaning they'll be more than £20k transferred?

If I don't complete a whole month because the new ISA has been transferred mid month, will I have lost that month's interest? If so, anyway to avoid that?

Any disadvantages to having a new ISA that pays interest annually? I've always had it paid monthly.

Thanks

jay1804

https://forums.moneysavingexpert.com/discussion/comment/81917780#Comment_81917780

They will transfer the total amount (Your contributions + Interest).

T212 will pay interest up to until the date of transfer, adding on any pending interest due.

No disadvantage apart from not seeing your balance increase every month.

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81917790#Comment_81917790

What about if I transfer out of Tesco after 8 months? Given they pay interest annually, what would happen to the 8 months interest I had earned?

winkowinko

https://forums.moneysavingexpert.com/discussion/comment/81917842#Comment_81917842

Exactly the same as an 'incomplete' month.

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81917872#Comment_81917872

So they'd transfer the interest I've earned for the partial year even though they only pay interest yearly?

Angelica123

https://forums.moneysavingexpert.com/discussion/comment/81918071#Comment_81918071

It's the same as when you close any saving accounts. The interest until closure is calculated and paid into the account. In the event of an ISA transfer, the balance including interest gets transferred to the new ISA (interest is not part of your 20k allowance providing you are using ISA transfer services and not withdrawing money and transferring manually yourself).

SFCooper

Struggling to find a Cash ISA with the highest rate that won’t reduce due to a transfer in.