Compare Cash ISA Transfers

Compare the best cash ISA transfer rates, find the top cash ISA transfer deals with the highest tax free interest rate & switch your cash ISA. Our comparison of the best ISA rates for transfers makes it easy to find the best cash ISA transfer in rates & cash ISAs free transfers out accounts so you can make the most of the cash ISA transfer rules.
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Halifax 5 Year ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
2.50% fixed
for 5 years
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 365 days gross interest.
 
Halifax 4 Year ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
2.40% fixed
for 4 years
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 320 days gross interest.
 
Halifax 3 Year ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
2.25% fixed
for 3 years
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 270 days gross interest.
 
Halifax 2 Year ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
2.05% fixed
for 2 years
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 180 days gross interest.
 
Halifax 18 Month ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
2.00% fixed
for 18 months
FSCSallowed
No withdrawals allowed except on early closure subject to the loss of 135 days gross interest.
 
Aldermore 3 Year Fixed Rate Cash ISA
Interest Rate (AER)Protection SchemeISA Transfers
2% fixed
for 3 years
FSCSallowed
 
Aldermore 2 Year Fixed Rate Cash ISA
Interest Rate (AER)Protection SchemeISA Transfers
1.8% fixed
for 2 years
FSCSallowed
 
Halifax 1 Year ISA Saver Fixed
Interest Rate (AER)Protection SchemeISA Transfers
1.65% fixed
for 1 year
FSCSallowed
No additional deposits or withdrawals. Early closure is allowed subject to the loss of 90 days tax free interest.
 
Halifax ISA Saver Online
Interest Rate (AER)Protection SchemeISA Transfers
1.55%
inc. 1.30% bonus
for 12 months
FSCSallowed
 
Halifax ISA Saver Variable
Interest Rate (AER)Protection SchemeISA Transfers
1.50%
inc. 1.00% bonus
for 12 months
FSCSallowed
 
NatWest Cash ISA
Interest Rate (AER)Protection SchemeISA Transfers
1.5% variableFSCSallowed
 
RBS Instant Access ISA
Interest Rate (AER)Protection SchemeISA Transfers
1.5% variableFSCSallowed
 
Aldermore 30 Day Notice Cash ISA (Issue 5)
Interest Rate (AER)Protection SchemeISA Transfers
1.25% variable-allowed
 
Skipton 5 Year Fixed Rate ISA to 16/05/2019
Interest Rate (AER)Protection SchemeISA Transfers
3% fixed
for 5 years (16 May 2019)
FSCSallowed
 
Newcastle Build. Soc. Fixed Rate Options ISA Issue 100
Interest Rate (AER)Protection SchemeISA Transfers
2.75% fixed
until 20 May 2019
FSCSallowed
 
Principality Building Society 5 Year Fixed Rate Cash ISA Issue 126
Interest Rate (AER)Protection SchemeISA Transfers
2.75% fixed
for 5 years
FSCSallowed
 
United Trust Bank 5 Year Fixed Cash ISA (Transfers In Only)
Interest Rate (AER)Protection SchemeISA Transfers
2.75% fixed
for 5 years
FSCSallowed
 
Punjab National Bank (International) Ltd 5 Year Fixed Rate ISA
Interest Rate (AER)Protection SchemeISA Transfers
2.7% fixed
for 5 years
FSCSallowed
Available in branch only.
 
Punjab National Bank (International) Ltd 5 Year Fixed Rate ISA Maturity
Interest Rate (AER)Protection SchemeISA Transfers
2.7% fixed
for 5 years
FSCSallowed
Available in branch only.
 
Coventry Building Society ISA Reward Ex/C
Interest Rate (AER)Protection SchemeISA Transfers
2.5% variableFSCSallowed
 

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How Do I Transfer my Cash ISA to Another Bank?

Saving in a Cash ISA is an easy way to avoid paying tax on your savings, but leave your money for too long & you could see your interest rate plummet. Here’s how to transfer an ISA from one bank to another so you secure the best possible rate.

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Cash ISAs are a great way to save without having to pay a penny in tax, but if you don’t keep an eye on the interest rate your money is earning you could still lose out.

It’s often the case that Cash ISAs offer high introductory rates to attract new savers then drop to a much lower level after the first year.

However, just because you saved money in a Cash ISA with one provider it doesn’t mean that it has to stay there if it's earning a pittance. You can move your money to a better ISA without losing its tax free status, simply by completing a Cash ISA transfer - here’s how.

What is a Cash ISA transfer?

Each year there is a limit to the amount of money you can save in a Cash ISA.

An ISA transfer is where you move the money you hold in one ISA to a new ISA with a different provider (usually to get a better interest rate) without using up this year’s tax free savings allowance.

However, you must make ISA transfers through your ISA provider (your bank or building society) rather than simply withdrawing it in cash and paying it into your new account, here’s why:

Say you have £10,000 in a Cash ISA and want to transfer it to a new Cash ISA with a different provider.

If you withdrew the money as cash and paid it in to the new account yourself it would lose its tax free status and instead be counted towards this year’s tax free savings allowance (currently £5,760 for Cash ISAs).

What’s more, you would only be able to deposit £5,760 (your annual limit) into the new ISA so would have to find a taxable home for the remainder of the savings you withdrew. You would not be able to save any more money tax free in a Cash ISA this tax year either.

However, if you completed an ISA transfer form and transferred the money directly from your existing ISA provider, you could move the full £10,000 and would not have used up any of this year’s tax free savings allowance, so you to save more in either the same or a different Cash ISA if you wanted to.

ISA transfer rules

For tax purposes you can only subscribe to one Cash ISA each tax year.

However, ISA transfers are not counted as subscribing to a new ISA. This means that if you transfer money from an old ISA into a new account you can still open a different ISA and pay in new funds during the same tax year.

Transferring ISA penalties

Before moving your money you need to check that your existing ISA will not penalise you for transferring your money to a new account.

If you’ve had the account for a long time then it’s unlikely this will be the case, but if you have a notice ISA, or a fixed term ISA you may still have to give a certain amount of notice or wait until the end of the account term to avoid any withdrawal charges or interest penalties.

Check your existing ISAs terms and conditions before requesting a transfer: if it doesn't allow cash ISA transfers out mid term then you'll need to wait to avoid penalties or loss of interest.

Choosing your new transfer ISA

Check the ISA accepts transfers in

Not all cash ISA providers will accept money transferred from ISAs with different banks or building societies.

You need to check that any new ISA you’re looking to move your money to accepts ISA transfers in and exclude those that don’t from your search; this is the only way to secure the best rate ISA transfers.

Can you access the money?

As with any savings account, when transferring funds into a new ISA you need to consider what level of access you need.

If you want the security of knowing that you can withdraw your savings at any point then opting for an instant access ISA is likely to be the best ISA transfer choice.

You might also want your account to offer cash ISAs free transfers out, so you can move to a better-paying account if one comes available.

However, if you are happy to lock your money away and are unlikely to need to withdraw it in the short term, then you may want to sacrifice your access for a better interest rate.

Look for the best ISA transfer rates

Getting the highest interest rate possible on your ISA will ensure that the money you transfer into your  ISA is working as hard as it can.

Once you have settled on the type of access you need to your savings and exclude ISAs that don’t accept transfers your aim should be to find an account that offers the best ISA rates for transfers possible.

You can use our best cash ISA transfer rates comparison table to compare transfer in ISA rates and check the terms and conditions of all the cash ISAs allowing transfers in.

You should also check whether the ISA transfers rates on offer are guaranteed for a fixed period or subject to change at any time.

You don’t necessarily have to be put off by accounts offering introductory bonuses to boost their interest rates; instead make a note of when the offer ends so you can investigate transferring your ISA savings to the best transfer in ISA around at the time once the rate drops.

Consider transferring to an Investment ISA

If you feel uninspired by even the best transfer in ISA rates you could still maintain your tax free benefits and seek a higher return by transferring your Cash ISA savings into an Investment ISA.

Returns from Investment ISAs have historically been greater than those offered by Cash ISAs, yet they do represent a greater risk to your capital than saving in cash.

Transferring to an Investment ISA is also a one way route as once you cannot transfer money from an Investment ISA into a Cash ISA, so you need to be certain this is the route for you.

For more information read our article Investment ISAs a Beginner’s Guide .

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