Working in the financial industry for over 30 years, Rachel Thrussell is the leading independent expert on UK savings products. Her views are constantly in demand from both the industry and the press.
My ISA is about to mature and I want to move it to a different provider. How do I go about it?
There’s been a lot of activity in the ISA market recently, which means there are plenty of options if you want to move your funds to a better account – but there’s a set transfer process that has to be followed if you want to retain the tax efficiency of your savings.
First of all, you’ll want to compare the options thoroughly. You can search through the latest top rates in our charts, but pay particular attention to whether your potential new account accepts transfers in, as not all of them do (you can filter your results by choosing the relevant feature in the “Transfers in allowed?” drop-down menu). Once you’ve found an account that’s right for you, all you have to do is open it and complete a short transfer form with your new provider. They’ll take care of everything else. NEVER just withdraw the money, close the account and then open a new one, as you’ll lose the tax advantages of your savings pot.
|1 Year Fixed Rate Bond||1.44%|
|2 Year Fixed Rate Bond||1.63%|
|3 Year Fixed Rate Bond||1.88%|
|4 Year Fixed Rate Bond||2.16%|
|5 Year Fixed Rate Bond||2.17%|
|12 March 2019|
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