Product focus: ISA transfers - Savings - News - Moneyfacts


Product focus: ISA transfers

Product focus: ISA transfers

Category: Savings

Updated: 19/12/2012
First Published: 22/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

If savers had taken full advantage of their ISA and previous TESSA allowances they could have saved more than £60,000 to date. With such significant sums involved it comes as no surprise that the number of accounts accepting transfers in has jumped from 74pc to 90pc in the last five years. Here are some of the most competitive deals accepting transfers in.

Newcastle Building Society – Reward Saver ISA

The highest variable rate on the market accepting transfers in comes from Newcastle Building Society, whose Reward Saver ISA is currently paying 3.00pc, including a 1.00pc bonus for 12 months. Savers can invest upwards of £500 into the ISA, or opt to split the money with other ISAs in Newcastle Building Society's range. If access is required during the term then savers must either give 120 days' notice, or lose 120 days' interest for earlier access.

Halifax – Fixed Rate ISA Saver

If savers are looking to fix the rate they receive then they might like to consider the Fixed Rate ISA Saver from Halifax. The branch operated account has a two year term and pays 3.50pc. Savers can invest from £500 into the account, but once opened further additions are not permitted. Access to funds during the term is available on closure only, subject to 30 days' notice and a loss of 180 days' interest.

Post Office – Fixed Rate Cash ISA

Savers looking to tie their money up for just one year are being offered a rate of 3.00pc from the Post Office. Savers can invest from £500 into the account, but further additions are not permitted after the initial investment. Access to funds during the one year term is permitted, but will be subject to a loss of 90 days' interest.

What next?

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!