ISA transfers

[jimmy156]

Sorry for what is probably an obvious question.

Is there a time limit for transferring in to a new cash ISA once opened?

I currently have two cash isa’s from previous years. 1 matures on the first October, and the other on the first of November. If I open an ISA and transfer the first balance straight away ( on second of October) can I transfer in the balance from the other on the 2nd november?

TIA!

[trevalvole]

jimmy156 said:

Is there a time limit for transferring in to a new cash ISA once opened?

If it is a fixed rate bond, then usually you can only make deposits in the first few weeks after opening. If it is variable rate, no, but check the t&cs of the ISA you're thinking of opening.

jimmy156 said:

I currently have two cash isa’s from previous years. 1 matures on the first October, and the other on the first of November. If I open an ISA and transfer the first balance straight away ( on second of October) can I transfer in the balance from the other on the 2nd november?

Yes, providing the t&cs of the ISA allow it - most variable rate ones that allow transfers will allow any number of transfers.

[bitchstewie]

Honestly check with the institution(s).

I don't think there's anything in the actual ISA rules but institutions may have their own terms.

[jimmy156]

Thanks both! It’s an easy access one (best rates at the mo) and will have a look at their t’s and c’s. Thanks again.