ISA

[Springwind]

Hi I would like to move money from my ISA to another ISA with better % should I wait until end of march because I will loose interest from last financial year or that's not really an issue.

you don’t normally loose interest when you change ISAs

It could be an issue if you have a fixed rate which doesn’t end until a specific date. I would check if there is a maturity date before you move it.

Check the terms and conditions carefully and don't assume April 5th is the day to move it as it might depend on the anniversary of whenever you opened it.

My fixed rate ISA runs until June this year (I can dump another £20K in next month though) and the fees to close it are super high.

Ensure you are transferring the ISA and not taking money out of one and putting it into another manually otherwise you are losing your tax free benefits. It takes a couple of weeks to transfer usually

The sooner you move it the more profitable. The closing interest on the old ISA will be added to the new one. Therefore earning interest on interest. I move my ISAs around frequently to get this advantage.