Cash ISA Transfer - Fixed Rate
Give your Cash ISA savings a boost
- If you are an existing ING Direct savings customer and have one or more Cash ISAs from previous years with other providers you can transfer them to ING Direct. Not only could you be earning more, but all your Cash ISAs could be in one convenient place.
- Earn a competitive rate of 2.75% AER (2.75% gross p.a) fixed for 12 months from the date your transfer is complete
- Interest is calculated daily and is paid at the end of the fixed term. After the fixed term interest will be calculated daily and paid monthly.
- Should you need to withdraw your money, you can. Though please note that if you make a withdrawal during the fixed rate term, your savings will lose their tax free status, you will incur a loss of up to 90 days' gross interest and your account will be closed
It's easy and hassle free
- You can transfer as many previous tax years' Cash ISAs to us as you like.
- You can transfer the full balance or partial amount from your previous tax years' Cash ISAs. Please note that the minimum transfer is £1,000 per Cash ISA.
Ready to transfer to ING Direct?
- The transfer process is simple, straightforward and hassle free.
- You can download and complete a Transfer Authority Form and a Transfer Instruction Form and then post them to us. Alternatively you can call us on 0845 848 0385 (the cost of calls to 0845 numbers varies, please check the rate with your phone provider) to find out more and request the forms.
- When we receive your forms, we will contact your existing ISA provider and will arrange for the transfer to happen.
- Once the transfer has taken place we’ll send you your welcome pack which contains your new Cash ISA Transfer – Fixed Rate account number.
Summary of information table
| Account Name | Cash ISA Transfer - Fixed Rate | |||
| Interest rates (AERs) |
2.75% AER (2.75% gross p.a.) fixed for 12 months from the date the transfer completes. After 12 months, the rate will revert to the standard ING Direct Cash ISA Transfer rate, currently 1.00% AER/gross p.a variable. For full details of our current rates click here | |||
| Tax Status | Interest earned is exempt from tax | |||
| Conditions for bonus payment |
No bonus payable | |||
| Withdrawal arrangements | If you make a withdrawal during the fixed term, you will incur a loss of 90 days' gross interest and your account will be closed. If you’ve earned less than 90 days interest, no interest will be paid to you.
After the end of the fixed term you can make withdrawals without loss of interest. |
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| Access | Web and telephone |
The transfer should be completed within 15 days, although this is dependent on the other ISA provider. This product is only available for transfers in from previous tax year cash ISAs with other providers. If you were to make a withdrawal before the end of the fixed rate term, you would incur a loss of interest and your account will be closed. We would deduct 90 days of gross interest from the interest you have earned or, if you’ve earned less than 90 days interest, no interest will be paid to you. Minimum transfer of £1,000. AER = annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross p.a. = annualised rate before deduction of tax at standard rate. With a cash ISA, provided you remain eligible, the interest will be exempt from tax. The value of tax treatment described will depend on individual circumstances. Tax rules could change. Must be 18+ and a UK resident. No penalties for withdrawals made after the fixed rate period which may take up to 2 business days to complete. The cost of calls to 0845 numbers varies. Please check the rate with your phone provider. Calls from mobile phones may vary. We may record or monitor calls. This is a limited offer and may be withdrawn at any time.