💨 Abstract

The article advises readers to switch their cash ISA accounts if they are earning low interest rates, as many high-paying accounts tend to drop significantly after a year. The process of switching involves opening a new account first, completing a transfer form with the details of the old account, and requesting the transfer from the old provider. Cash ISA transfers should take no more than 15 working days, while stocks and shares ISA transfers may take up to a month.

Courtesy: metro.co.uk

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