It took one phone call
A Martin Lewis fan has revealed how after one phone call they were able to be £2,330 more financially better off. The most recent newsletter from the Money Saving Expert shared a success story from a reader named Sandra, who decided to switch her cash ISA.
Due to this she decided to call her ISA provider and move over her money to another product from them. The new cash ISA account had an interest rate of over double her previous one at 4.35% - this means she will benefit from an extra £2,330 over the course of two years.This also included the penalty she had to pay for leaving her previous cash ISA. Sandra said: "Another thank you from a very happy reader, as I switched my cash ISA from 1.75% to 4.35% with the same provider.
For those trapped in a ‘rubbish’ ISA, Martin Lewis advises that you ‘ditch and switch’ to ISAs with better rates. If you are moving money, then you should never withdraw it from your Cash ISA as you'll immediately lose all the tax benefits of it.
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