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.
If I want to transfer my ISA, do I just tell my existing provider where I want it to go? And how long is it likely to take?
To get started, you actually need to contact the provider you want to transfer to. They will then ask you to complete some forms, but will then take control of the transfer process from there.
As to how long it will take, HMRC says that cash ISA to cash ISA transfers must be completed within 15 business days of the instruction being received by the new ISA provider. If, for whatever reason, it isn’t completed within this time, you would be entitled a refund of lost interest. It is possible to transfer between cash and stocks & shares ISAs, including funds from previous tax years. However, when searching for a new ISA, it should be noted that not all providers accept transfers in, and not all will accept transfers in from stocks & shares ISAs.
|1 Year Fixed Rate Bond||0.61%|
|2 Year Fixed Rate Bond||0.68%|
|3 Year Fixed Rate Bond||0.91%|
|4 Year Fixed Rate Bond||1.08%|
|5 Year Fixed Rate Bond||1.13%|
|03 August 2021|
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