skip to main content
May 2013

How can I transfer my cash ISA?

If you've opened a cash ISA for 2013-14, but are unhappy with the rate of interest that you're receiving, the good news is that it's easy to transfer your tax-efficient savings from one provider to another.

Why should I transfer my cash ISA?

Transferring your ISA can be a good strategy for savers, allowing them to keep on top of the latest bonus rates and deals. By transferring your money when your current rate drops, you can take advantage of new offers on ISAs, and avoid taking the hit from a drop in rates when bonus periods come to an end.

What are the rules for cash ISA transfers?

Before you transfer your cash ISA, remember that:

  • You shouldn't just withdraw your money and put it into a new cash ISA, or you'll immediately lose all the tax benefits. Follow the transfer steps below to make sure your money retains its tax-efficient status.
  • You can transfer a cash ISA into an investment ISA (but you can't transfer an investment ISA into a cash ISA).
  • Instant and easy access cash ISA transfers are usually free.
  • Fixed rate cash ISAs may incur a charge for transferring - for example, you may lose a set amount of interest. If you are unsure about the charges involves in transferring your fixed rate cash ISA, speak to your ISA manager.
  • If you are at all unsure about transferring your ISA we suggest that you seek independent financial advice.

How does the cash ISA transfer process work?

Transferring your cash ISA from one provider to another used to be notorious for taking a long time, but in recent years many ISA managers have adopted guidelines which aim to streamline the whole process. The entire transfer process should take no longer than 15 working days.

  • Choose a cash ISA provider that suits you - you can use our comparison tables to find some of the latest interest rate deals.
  • Fill in an ISA transfer authority form and an ISA application form - both these forms will usually be included in the application pack provided by your chosen ISA manager.
  • You may be contacted by your current cash ISA manager in order to confirm the transfer. They will transfer your funds to your new ISA provider. This should take no longer than 11 working days, and your new ISA manager should contact your old ISA manager to find out the reason for any delays.
  • Once the new ISA provider receives the funds, they will be credited to your ISA account. You'll continue to earn interest on your money while it's being transferred, backdated to the first day where interest no longer accrues from your old ISA account.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

A New “Care ISA” To Fund Care Home Costs?

21st August 2018

For anyone around retirement age, paying for our care costs when we get older is a worry that probably ranks second only after a fear of developing dementia. Will a new type of ISA be the solution?

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us

4.89 Average

36 Reviews


I found the way the different options are presented very clear - much more useful than some other comparison sites. I sent it to my daughter as well.


Very informative, find myself a good ISA account with best return in terms of interest.


Easy to navigate, all required information was to hand. Professional looking site!

Jessica Esa has a really attractive and simplistic design. I've found it easier to use than other similar comparison sites. The products are simply described, it's informative and the pros and cons are really clear. Great website.


Easy to use website and up to date. Saved the link on my tablet.

Rob Holden

The website was very useful and informative.

Andrew Johnson

ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs


Excellent website - clear and helpful information about different products - and a trustworthy partner.


Quick and professional service provided


Very insightful and easy to navigate.. would recommend to anyone interested