Im confused. I have about 6k sitting in an ISA with one bank and around twice that in another with a separate bank. The rates have gone down to under 1% and i'm looking at tying that money up in a fixed rate ISA instead for a higher return.
Lots of them wont accept transfers, the one i'm looking at is a 3 year fixed rate ISA from Nationwide at 2%. It talks about only accepting one lump sum on opening, that can come from fresh money or one transfer. Do you think i would be better off closing down the old ISAs and depositing the full 15k into a new ISA from my current account?
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Advice please, consolidating ISAs or cash them in and put full lump sum into a new fixed rate ISA?
6 replies
sebsmummy1 · 22/06/2015 17:21
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