isas

[Lizwimbridge]

Can ISAs be transferred from one bank to another (I have �22,000 in the Halifax which brings me over the �35,000 limit) without starting all over again with the limit for one year?

[dasherman]

Not all banks except transfers but many do,you'll have to check the terms & conditions of the bank you're dealing with to make sure.

The �35K you're referring to relates to the maximum compensation you'll get if the bank goes bust (�70K for a married couple). If you have �22K with Halifax you are well within that limit - basic maths surely!!!!!

[factor-fiction]

....I assume Liz.wimbridge means that she also has other monies with Halifax bringing her total with Halifax savings to over the 35K guaranteed figure.
Yes, if it's a cash ISA you can transfer all your ISA to NatWest and get 7.16%. (as recommended by Martin Lewis

http://www.moneysavingexpert.com/savings/cash- isa-transfers#best

[burbie]

Make sure you ask the bank to TRANSFER your ISA to a different bank. Dont withdraw the money yourself to pay into a different bank, that way you would only be able to pay into the new account �3,6OO. In effect starting again.
If you tranfer, then the whole �22.000 will still be an ISA account in the new bank.

[burbie]

Also meant to say, some banks are connected, even though they have different names. To check that you choose a bank independent from the Halifax then go on the Martin Lewis website as advised by Factor30