ISA interest

LoopyJellington

I've opened a new fixed rate ISA with HSBC.

My existing ISA is still sitting with Virgin Money at a useless rate.

HSBC still haven't transferred it in even though it matured on 24th April.

Am I merrily losing interest on HSBC 4.5% due to their incompetence?

Bigwheels1111

They have so many working days to transfer the isa, Bank holiday's cause issues.

HSBC ISA transfers typically take

15 working days for Cash ISAs and up to 30 working days for Stocks and Shares ISAs.

Why are you not getting 4.65%

https://moneyfactscompare.co.uk/isa/fixed-rate-isas/?quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate

Meteor allow via Al Rayan

Transfers In - Cash ISAs

Move old isa Virgin over.

eskbanker

https://forums.moneysavingexpert.com/discussion/6667492/isa-interest

There are several threads on the ISA board discussing HSBC's tardiness with transferring, but a recent post quoted them as confirming that they'd backdate interest…

Albermarle

Link to ISA forum

ISAs & tax-free savings — MoneySavingExpert Forum