Isa's

trashcan_2

I stuck my isa allowance in my nationwide isa a few days after the 6th of April.
This was a bit silly as i didn't look around. If I had waited I could have found a much better rate. it is to late this year now to open another, as i put the full amount in.
Even if I put £10 short in, I could have opened a new account with £10 and transfered my ISA over or part of it.

This forum has opened my eyes to how lazy i have been in the past and how i could have made my money work harder for me.

Baldur

trashcan wrote: »

Even if I put £10 short in, I could have opened a new account with £10 and transfered my ISA over or part of it.

No you couldn't, as you would then be contributing 'new money' to two Cash ISAs in one tax year.

You would have had to transfer to a new ISA manager first, then pay the £10 into the transferred account.

If your Nationwide Cash ISA permits transfers out, you can still transfer it to a different ISA manager, which pays a better rate, anyway - see this post for Cash ISAs which accept inward transfers (scroll down the page to find those which accept them).

You can only transfer whole current tax year's ISA funds. Some ISA managers will accept partial previous tax years' ISA funds, but many prefer to receive them whole.

trashcan_2

Can you go to another bank and Say you would like to transfer to them but it says that you have to open an account with £1. As another account can not be opened, can you just ask to be transfered in.

I was hoping to transfer this years ISA and part of my other years ISA.

I have all my ISA money with one provider and now I would like to transfer part of that.

Or would it be best to wait for next year.

Baldur

trashcan wrote: »

Can you go to another bank and Say you would like to transfer to them but it says that you have to open an account with £1.

No - see my previous reply re: subscribing to two ISAs in one year.

As another account can not be opened, can you just ask to be transfered in.

See my previous reply linking to those which accept inward transfers. Transfers DO NOT count as a new Cash ISA account.

I was hoping to transfer this years ISA and part of my other years ISA.

I have all my ISA money with one provider and now I would like to transfer part of that.

See my previous reply about partial transfers - why do you want to leave some in Nationwide if the rate is so poor? If you want to go back to them for a better rate in the future, you just open a new account.

Or would it be best to wait for next year.

Depends whether you want to earn poor interest for a year for no reason.