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Cash ISA

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tooj | 20:17 Wed 26th Sep 2012 | Personal Finance
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The bonus when opened an ISA has now been withdrawn and it is now only attracting 1per cent interest. If I can find another with a higher rate i(even including a bonus) is it easy to swap?
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Yes. Make sure you do a transfer though- don't close it and then try to open a new one.
The company you move to will organise the transfer.
Should be easy, just choose new ISA and fill in forms to transfer, the new Bank will do all the work. Look carefully at new offers though some insist that you have to pay in this years allowance as well.
No problem. Shop around, decide on which one you want to go for and they will deal with everything for you. Don't close the one you have, it must be a transfer.
...if you don't transfer (as above) you lose the tax-free status.
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thanks folks. Not as much a problem as I thought.
Have a look at the following link for a list of the top ISA's:

http://www.moneysavin...savings/best-cash-isa

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