isa's v's savings...move money now or later?

[Matroness]

is it better to move money from the savings account into our isa's now or wait until nearer april?

as in, will we compromise the potential savings interest if we move it now, opposed to nearer april?

anyone know?

thanks so much

Are you talking about cash Isa or stocks and shares?

I waited last year to move savings in cash into an ISA - I lost out as they shut the ISA and I couldn't move my money to the ISA I wanted and had to look for another ISA - but hte interest rate wasn't as good and the deal was longer.

So my advice is to look now and move before the first week in February

if it is into a cash isa then the earlier in the tax year you put the cash in - the more tax free interest you get for the year.
I tend to subscribe to one in early April each year.

I agree with ChasingSquirrels. Move it get as much tax free interest as poss. However, it might be an idea to speak with your current BS\Bank etc to see if there is a penalty for withdrawing early... also find out when they pay their interest. It is not necessarily end of financial tax year, could be august, jan...etc. If interest has been paid recently, then defo green light to move into ISA immediatley.

I am also wondering if anyone has thought about self-select ISA'S?

I'll start a new thread, so topic is separate. {smile]

If you haven't used the 2010-11 ISA allowance I would do it now - you can get over 4% if you can lock it in for a few years. You really need to actively manage your previous years too as when you take your eye of the ball the rates tend to plumet.