Transferring to Nationwide ISA interest rates…
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Written on: 14.01.2010 [07:27]
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Mireille
Mireille
Topic creator
Posts: 3
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I have had my money in an ISA for the past 5 years and I have realised that I haven’t been taking advantage of the market and have just been letting my money sit in an account and rot. I need to do something. A friend of mine told me that she transferred her previous ISA over to a new one in order to take advantage of new rates. How is this possible? I thought you could only open one ISA a year, how can you transfer a previous ISA to a new one without it using up your contribution allowance? Also if I wanted to transfer to Nationwide, could someone possible tell me how Nationwide ISA interest rates are doing at the moment. |
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Written on: 19.01.2010 [03:00]
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Samma
Samma
Posts: 3
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So let me get this straight, you want to transfer over to Nationwide without even knowing their rates. Why? The reason you said you want to transfer your money is to stop it from rotting away, but if that is the case you should do some research and then pick the best rate not just go for one branch/building society and then decide on which one. |
| Also very interesting: | |
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Written on: 20.01.2010 [10:40]
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Emile
Emile
Posts: 6
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Yes you can transfer your previous ISAs and open a new one all in the same year. The transfer doesn’t count as a new ISA so you are fine. |
