You will need to give your transfer instructions to your new ISA provider, who will forward the request to us on your behalf. We will then process the request and send the funds and relevant information to the new ISA provider after we have confirmed that the transfer should take place, and there is no reason for the transfer to be stopped.
To ensure you do not lose the tax benefits of your Cash ISA, you must not initiate a transfer yourself.
If your Fixed Rate cash ISA has not yet reached maturity, an interest penalty will be applied to complete your transfer prior to your maturity date as shown below:
- 12 Months- 90 days of interest on the amount withdrawn
- 24 Months- 180 days of interest on the amount withdrawn
- 36 Months- 270 days of interest on the amount withdrawn