Can I transfer ISA into existing one?

kuepper

I've already paid £1500 into my new ISA this tax year. I have a 1 yr fixed rate ISA with another provider that matures on 1st June with over £20k in it. Can I transfer the maturing ISA into the one I've just opened and already paid into?

eskbanker

https://forums.moneysavingexpert.com/discussion/6667183/can-i-transfer-isa-into-existing-one

Yes, you can if the new ISA both allows transfers in and also still allows funding by then - most fixed term ones can only be funded during an initial window, but easy access ones don't have that restriction. Ensure that you instruct the new provider to handle the transfer via their ISA transfer process…

Isthisforreal99

And check what rate you will get on any transfer if the window is still open - some pay less on a transferred amount.

kuepper

https://forums.moneysavingexpert.com/discussion/comment/81989361#Comment_81989361

Yes the new ISA is a flexible one not a fixed term so shouldn't be a problem.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81989850#Comment_81989850

Whether the ISA is flexible or not is not an indicator whether transfers-in are allowed. It is also possible to transfer into fixed term ISAs. You need to check the Summary Information / the T&Cs of your new ISA, which will detail what transfers are accepted, and what interest rate applies to transferred ISA amounts (it can be less than the headline rate)