Run 2 seperate cash ISAs, or combine?

notinmynature

Hi,

I currently have approx £3,700 in a Barclays cash ISA. This was the 6.5% Tax Beater ISA (which, incidentally, I have had no hassle with at any point over the last year and a bit) but the bonus period has now run out and it has reverted to a pretty poor 4.29%

I am looking to transfer this to a better rate ISA and I am currently weighing up the options. Do I look for an ISA with a reasonable rate that also accepts transfers in, or do I subscribe to Barclays new Tax Heaven ISA at 6.5% and transfer my existing pot to another account? (I have been looking at the Halifax Fixed Rate ISA and other similar ones)

I have around £1000 of new money ready to invest and plan to top up regularly until i reach this year's allowance. I like the idea of haveing all the money in one place but can't seem to come to a decision on which account would suiit me best.

Any advice or opinions would be appreciated.

Thanks in advance

nick_hill

I went with A&L who are at 6.25% and allow transfers in

they set it up in an hour (from my online application) and I got the letter yesterday with all the confirmation and a transfer form already filled in.

Compared to Abbey who took two weeks and I still didn't have an account number so binned them

for .25% I was glad to be away from barclays

cheers

Nick

wooders

As Nick above,easy with A&L from Natwest

notinmynature

thanks nick, i will take a look at a&l

King_Weasel

You certainly don't want to close your existing ISA - only contemplate this is you are certain you won't have new money to go in this year.

The attraction of having a single ISA (A&L, say) rather than two (with Barclays for this year's money) looks as though it will cost you 0.25% interest pa on your new money - not a fortune. Your choice.