NS&I isa rate after next base rate reduction....

wiseman405

i am thinking of the new Abbey account

Cheers folk

Kilty_2

I read somewhere that it is not possible to contribute to 2 cash ISAs in the same tax year but can I transfer my NS&I Direct ISA to Nationwide and then open a new ISA with A&L @ 10% or would I not be able to do this even though I'm not contributing to the Nationwide one, just transferring in?

Exo

You can only contribute to one cash ISA in any financial year.
A transfer does not count as a contribution to an ISA, as you are not investing any of your allowance for that financial year.

Providing you have not used your cash allowance for 2008/2009, you can contribute up to £3600 with a new A & L ISA and move your existing NS&I ISA to Nationwide.

dollywops

Does anyone know if NS&I levy a charge for transferring an ISA.

Myself, DH, DS & DD all have ISA's withe NS&I. However, I want to open new ones for this year with A&L and transfer from NS&I.

RayWolfe

If 4 of you have these products, surely at least one of you have the T&Cs, or do you want me to look them up for you?

Old_Slaphead

dollywops wrote: »

Does anyone know if NS&I levy a charge for transferring an ISA.

Myself, DH, DS & DD all have ISA's withe NS&I. However, I want to open new ones for this year with A&L and transfer from NS&I.

No charge - nice quick transfer - mine's already gone to Halifax 4 year fix.