Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • gwana
    • By gwana 5th Sep 17, 7:38 PM
    • 5Posts
    • 0Thanks
    Cash ISA switch
    • #1
    • 5th Sep 17, 7:38 PM
    Cash ISA switch 5th Sep 17 at 7:38 PM
    This is a simple question for this site I realise...

    We have a cash ISA paying negligible interest and want to switch to something else (not S&S ISA due to risk). Lots of advice on MSE says that the new personal allowance has made cash ISAs far less useful, plus there are far better %s on offer from current/savings accounts at the moment than from cash ISAs.

    But those current/savings accounts don't allow for big transfers of course. We have 15K+ in our current ISA. Should we therefore just switch to a 2-3-year cash ISA? (e.g. Virgin Money as suggested on this site at: /savings/cash-isa-transfers#fixed ). It's our emergency fund - something we've never used as yet, so we don't mind having an early withdrawal penalty (within reason).

    Or is there a savings/current account we could switch it all into in order to get the better rate (but without having to make monthly contributions) ?

    Thanks to anyone who can help!
Page 1
    • zx81
    • By zx81 5th Sep 17, 7:41 PM
    • 17,665 Posts
    • 18,802 Thanks
    • #2
    • 5th Sep 17, 7:41 PM
    • #2
    • 5th Sep 17, 7:41 PM
    Better to post this in savings or banking forums.
    • gwana
    • By gwana 6th Sep 17, 7:16 PM
    • 5 Posts
    • 0 Thanks
    • #3
    • 6th Sep 17, 7:16 PM
    • #3
    • 6th Sep 17, 7:16 PM
    Thanks - will do! (Hadn't realised I'd posted to a specific forum)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

575Posts Today

5,956Users online

Martin's Twitter
  • RT @samgio1997: So glad you talked about the importance of taking out holiday insurance on this morning as a few years ago my auntie's pare?

  • RT @mmhpi: "Two years ago, I was in the fortunate position to be able to found @mmhpi... I?m incredibly proud of the work the team there is?

  • It means you should either have an annual policy in place, or book a specific single trip policy when you book

  • Follow Martin