I.S.A Savings

Yes (but don't encash and pay B&W the money. Use a proper form of transfer from B&W) and yes.

or could I transfer from H.S.B.C to a mutual before April 5th 2005?

Not sure what you're getting at here. What has a mutual to do with it?

Rob Graham

Hi Rob

Thanks for your prompt reply and advice. I have read that mutual building societies paid far better interest rates for I.S.A.s than all the leading banks for 2004/2005. Sorry for the confusion but I assumed that if you take out an I.S.A with a bank you could not transfer the same I.S.A to a mutual building society, but stick with the main banks, it now appears that I am mistaken. (Bristol and West being a mutual). Many Thanks Howard Jones

The rules don't prohibit a swap from a bank to a building society. But I believe not all ISA providers have the forms you need so you may find a problem there - which is nothing to do with the ISA rules, just an in-house issue.

Rob