ISA transfers

Help & support

What is an ISA transfer?

An ISA transfer allows you to move your money from one Individual Savings Account (ISA) to another without losing the tax-free benefits. You can move ISAs from one provider to another or combine your ISAs within the same organisation. You can also choose to move the total value of your ISA or just part of it and there’s no limits to the number of ISAs you can transfer.


Reasons for transferring an ISA

Better rates

Your initial interest rate may have fallen over time, so transferring could get you a better rate

Consolidation

You might find your ISAs easier to manage if they are combined.

Service

Choosing a trusted savings provider can give you peace of mind. Newbury Building Society are proud to have been voted Best Building Society Savings Provider at the British Bank Awards 2025.

Access

You might want an ISA that allows you easier access or more flexibility over your savings.

Here’s a few other things to consider:

  • You must follow the new provider’s official transfer process. Don’t just withdraw your funds and re-deposit them yourself as you will lose the tax benefits.
  • Transfers are usually free, but you should check if your old provider charges a penalty, for example if you have an ISA that requires you to give notice.
  • If you have a flexible ISA, you can’t transfer that flexibility to another account. The new account would have to offer flexibility as part of its terms.

How do I transfer my ISA to Newbury Building Society?

We are happy to accept ISA transfers from either Cash ISAs or Stocks and Shares ISAs into one of our Cash ISAs. Transferring an ISA won’t affect your annual allowance and the interest you earn will remain tax-free.

Step 1:  Do your research. You’ll need to check with your current provider to see if there are any restrictions or penalties to transfer out.

Step 2: If you don’t already have an ISA with us, you’ll need to open one first. You don’t need to deposit any money, but this will be where your ISA transfers to. 

Check out our ISAs here and when you are ready you can apply:

  • Online: If you are registered for our myaccounts service, you can apply for an ISA online.
  • Branch: You can download our ISA application form and take it to any branch – they’ll also be able to talk you through the ISA transfer process.
  • Post: send the completed application form to Savings Customer Support, Newbury Building Society, 90 Bartholomew Street, Newbury, RG14 5EE.
Step 3:  Complete our ISA transfer in form. The easiest way to do this is by contacting one of our branches who will be able to assist you. Once the form has been completed, it needs to be handed in or posted to one of our branches. We’ll then take care of the rest, including getting in touch with your existing ISA provider to arrange the transfer for you. 

How long will the transfer take?

We will complete your ISA transfer within 15 business days of the date we receive your application. We will let you know when the transfer is complete.

Frequently asked questions:

Q: Can I transfer my stocks and shares ISA to a Newbury ISA?
A: Yes, we accept transfers in of both Stocks and Shares and Cash ISAs. Stocks and shares ISAs will be converted into a Cash ISA.

Q: Can I transfer my ISA subscription from previous years?
A: Yes, we accept transfers in of current and previous years subscriptions. 

Q: Will any interest I have earned this year be transferred?
A: Yes, if you transfer your full ISA balance to us any interest you have earned up until the transfer date will also be transferred. If you want a partial transfer, interest will not be added. You’ll start earning the rate of interest on your new ISA from the day of transfer.

Q: Is there a charge to transfer an ISA?
A: We do not charge to transfer an ISA in, however, your current provider may charge a penalty, for example if you are transferring out of a fixed rate early.

Q: How does an ISA transfer affect my annual subscription allowance?
A: For each tax year (6 April – 5 April), you have an annual subscription allowance which limits the amount you can invest across all ISAs you own. Transferring to another ISA will not change this allowance. 

Any further questions?

If you need more help and support, contact one of our savings advisers. You can book an appointment to discuss your savings here.