transfering money from Isa account to another Isa 'different bank'

deus3x · 9 Mar 2011 at 09:24

Hi,

Is it possible to transfer money from one bank ISA to another bank ISA.

Had enough of my current bank and want to move my isa money, will I be penalized for this.

any advice on this...

Thanks

Building Candy · 9 Mar 2011 at 09:27

So long as the new ISA your looking at allows transferes in. The best at the moment is Halifax I think with 3.00% and allows transferes in.

Badgi · 9 Mar 2011 at 09:41

Building Candy said:
So long as the new ISA your looking at allows transferes in. The best at the moment is Halifax I think with 3.00% and allows transferes in.

3% for existing customers, as far as I know.... Might be worth checking out moneysavingexpert.

goblin357 · 9 Mar 2011 at 09:52

The important bit is get your new bank to do the transfer so you keep it in the ISA wrapper.. If you withdraw your money and then try to open a new ISA you'll lose the tax exempt part...