The interest rate on my cash isa has dropped because I've had it over a year, so I want to transfer to another provider to get a better rate. However, when I tried to do this online the new provider wanted me to open the new cash isa by putting in a minimum of £1, before transferring the other isa across. So this would mean by paying £1, I'd then not be allowed to contribute any cash to another cash isa this year? (If I do want to invest some cash, there are some paying higher rates that don't accept transfers, otherwise I'd keep it simple by putting cash plus the existing isa in the same fund). Has anyone else come across this problem?
Please or to access all these features
Please
or
to access all these features
Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.
Investments
transferring cash isa from one provider to another
8 replies
clangermum · 16/05/2011 12:38
OP posts:
ISAhunter ·
29/03/2012 10:09
This reply has been deleted
Message deleted by Mumsnet for breaking our Talk Guidelines. Replies may also be deleted.
Please create an account
To comment on this thread you need to create a Mumsnet account.