Keeping a close eye on cash ISA interest rates is a sensible move for savers, as it means you can be the first to take advantage of new offers. Interest rates at the time of writing are low across many providers, but even so, it's always worth making sure you're getting the best possible rate for your savings.
Transferring to a new cash ISA provider when your current rate drops can allow you to chase the best rates around and ensure you make the most of your money. But before you do anything else, make sure you keep in mind the one fundamental rule of ISA transfes:
If you want to transfer your ISA, make sure you do it properly - never just withdraw the money or you'll immediately lose all the tax benefits.
Thankfully, it's a lot easier than in previous years, now transfers can be made online or with a simple form and it usually takes around 15 days. Some other useful tips for transferring:
To summarise, while ISAs can be straight forward, there are some rules to follow and it’s useful to know thesebefore you get started:
ISA Transfer Rules
Save for your first home and retirement
Compare Lifetime ISAs
Invest for your child’s future
15th March 2021
You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply".
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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.
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ISA can be confusing at first and this site includes a useful and helpful introduction into the world of ISAs