We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Cash ISA and H2B - help
Mdbrfc11
Posts: 4 Newbie
Hello all I'd appreciate some help please.
I've just opened a Coventry flexible isa (match 2017) that id like to put around 400 in each month going forward.
Then in April/may 2017 I'd like to open a help to buy isa with nationwide. (Deposit then 200 a month)
Can I pay into both each month?? I know the rules around opening one per year but am unclear around how many I can pay into.
Obviously I won't exceed the total amount allowed.
Please help!!
Thanks in advance
I've just opened a Coventry flexible isa (match 2017) that id like to put around 400 in each month going forward.
Then in April/may 2017 I'd like to open a help to buy isa with nationwide. (Deposit then 200 a month)
Can I pay into both each month?? I know the rules around opening one per year but am unclear around how many I can pay into.
Obviously I won't exceed the total amount allowed.
Please help!!
Thanks in advance
0
Comments
-
No you can't. All deposits in the current tax year must be held with a single Cash ISA provider. Nationwide do allow you to split your cash ISA allowance between different cash ISAs held with them, so if both the cash ISA and HTB ISA was with Nationwide you would be able to subscribe to both. Not all cash ISA providers allow this.0
-
No you can't. All deposits in the current tax year must be held with a single Cash ISA provider. Nationwide do allow you to split your cash ISA allowance between different cash ISAs held with them, so if both the cash ISA and HTB ISA was with Nationwide you would be able to subscribe to both. Not all cash ISA providers allow this.
OK thank you for that. I have an old nationwide cash ISA that needs renewing before use so all being well I shall open the H2B ISA with nationwide in April and just renew the cash ISA with them at the same time and split the allowance between the two..0 -
OP
Are you sure a cash ISA (excluding HTB which is a good idea) is the best place for your savings?
Have you considered the various current accounts and regular savers paying up to 5%?
As you mentioned Nationwide, are you already using their Flexdirect current account & regular saver, both of which pay 5%?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards