Cash isa transfer into IE?

Help & FAQs ISAs
1

hi all,

i currently have a 2 year fixed cash isa with hodge bank @ 2.21%.
i will happily pay the 60 or 90 days interest as i hope to transfer it into a managed IE s&s isa.

can this be done?

2

I have a large fixed-term ISA which matures soon. I gathered that the transfer process to IE can take some weeks. Can I renew the cash ISA as an ‘easy access ISA’ with the current provider, and then initiate the transfer via IE. I guess IE can transfer easy-access ISA anytime and I will get some interest as well - is this a good way to do this or are there smarter options?

3

i have transfered a cash isa into invest engine from hodge and coventry.

the process was fast and took aprox 4 days as i signed a digital signature with IE.

ask customer services directly and they will direct you.

i think i waited for it to mature into an easy access isa and transfered it across.
let me know how you get on please as i have 2 that mature this year.

4

@mark66 , thank you. The ISA provider has sent me maturity options. If I don’t do anything, it will be moved to ‘matured cash ISA’ and they will let me know the interest rate, which I guess won’t be much. So I was thinking of rolling into easy access ISA and then ask IE to transfer. Indeed, will get in touch with CS and will keep you updated!

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6

@noname , Thank you. I agree with your point, so if I renew it as an easy-access ISA once the fixed-term ISA matures, I guess IE can transfer that without much hassle.

7

yes, let it move into an easy access isa and quote the NEW account number to IE on the transfer form.
1 week approx and cash will appear in your isa cash pot ready to invest.

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8

Hi there, you are always welcome to transfer your ISA to us. Cash transfers are typically faster than in-specie transfers and usually take a couple of weeks. However, please note that delays may occur during busy periods, and in some cases, the process can take up to 30 business days.

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