Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Opening a new cash ISA
-
- Lemon Slice
- Posts: 365
- Joined: November 5th, 2016, 4:02 pm
- Has thanked: 26 times
- Been thanked: 113 times
Opening a new cash ISA
Must this always be done using a subscription of cash?
Or are there providers that allow it to be done by transfer in from an existing ISA (thus allowing it to be opened without a subscription in the current tax year)?
Or are there providers that allow it to be done by transfer in from an existing ISA (thus allowing it to be opened without a subscription in the current tax year)?
-
- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2068 times
Re: Opening a new cash ISA
There are plenty who allow transfers in
look on each providers website to see what their terms are
look on each providers website to see what their terms are
-
- Lemon Quarter
- Posts: 2045
- Joined: November 4th, 2016, 10:25 am
- Has thanked: 230 times
- Been thanked: 489 times
Re: Opening a new cash ISA
A well-known financial journalist and TV presenter's website has details of the 'best' cash ISAs and shows if they accept transfers.
-
- Lemon Slice
- Posts: 365
- Joined: November 5th, 2016, 4:02 pm
- Has thanked: 26 times
- Been thanked: 113 times
Re: Opening a new cash ISA
Let me try again. I know that lots of them accept transfers in. That's not my question, which is: are there any I can open with only a transfer in, without any need to add a subscription?
-
- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2068 times
-
- Lemon Slice
- Posts: 365
- Joined: November 5th, 2016, 4:02 pm
- Has thanked: 26 times
- Been thanked: 113 times
-
- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2068 times
Re: Opening a new cash ISA
here is a link to one
https://www.leedsbuildingsociety.co.uk/ ... -cash-isa/
https://www.leedsbuildingsociety.co.uk/ ... -cash-isa/
-
- Lemon Slice
- Posts: 365
- Joined: November 5th, 2016, 4:02 pm
- Has thanked: 26 times
- Been thanked: 113 times
-
- Lemon Quarter
- Posts: 2045
- Joined: November 4th, 2016, 10:25 am
- Has thanked: 230 times
- Been thanked: 489 times
Re: Opening a new cash ISA
Kantwebefriends wrote:Let me try again. I know that lots of them accept transfers in. That's not my question, which is: are there any I can open with only a transfer in, without any need to add a subscription?
The website I was hinting at (it's Martin Lewis's one) says:
You can also transfer an ISA without paying any new money in.
We note in all our top picks below whether an ISA allows transfers into it.
This implies that alI ISAs which accept transfers can be opened with only a transfer. Of course, you would have the check the specifics on any one you fancied opening.
-
- Lemon Quarter
- Posts: 1023
- Joined: November 7th, 2016, 4:21 pm
- Has thanked: 515 times
- Been thanked: 124 times
Re: Opening a new cash ISA
to actually answer the question
YES
many...probably most ISA providers that accept transfers in will open with a 'NIL' balance
then the next stage on application is '''funding the ISA'
there is where you enter how it will be funded.....in your case...'by transfer from.....'
YES
many...probably most ISA providers that accept transfers in will open with a 'NIL' balance
then the next stage on application is '''funding the ISA'
there is where you enter how it will be funded.....in your case...'by transfer from.....'
-
- Lemon Slice
- Posts: 365
- Joined: November 5th, 2016, 4:02 pm
- Has thanked: 26 times
- Been thanked: 113 times
Re: Opening a new cash ISA
Thanks. So when they demand a minimum deposit of, say, £100 they are happy that that be by transfer rather than subscription?
I must have been unlucky over the past few years: all the ones I happened to investigate demanded a subscription to open and then welcomed transfers in.
I need to try again, it seems.
I must have been unlucky over the past few years: all the ones I happened to investigate demanded a subscription to open and then welcomed transfers in.
I need to try again, it seems.
-
- Lemon Quarter
- Posts: 1023
- Joined: November 7th, 2016, 4:21 pm
- Has thanked: 515 times
- Been thanked: 124 times
Re: Opening a new cash ISA
good luck
in the ISAs I have done this way I have never been asked for minimum deposit...but I think your guess is correct
imo...go ahead with your chosen provider and see what happens when you open but no subscription then transfer in from....
in the ISAs I have done this way I have never been asked for minimum deposit...but I think your guess is correct
imo...go ahead with your chosen provider and see what happens when you open but no subscription then transfer in from....
-
- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2068 times
Re: Opening a new cash ISA
I have never seen a miminum either...
Maximums, no further deposits after the initial one, but not a mandatory sum
Maximums, no further deposits after the initial one, but not a mandatory sum
-
- The full Lemon
- Posts: 12636
- Joined: November 8th, 2016, 7:21 pm
- Been thanked: 2609 times
Re: Opening a new cash ISA
pje16 wrote:I have never seen a miminum either...
Why not? Minimum account balances are surely quite usual in savings accounts - to get the stated interest rate. Nothing particular to ISAs.
Return to “Bank Accounts Savings & ISAs”
Who is online
Users browsing this forum: No registered users and 9 guests