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  • FIRST POST
    • Mdbrfc11
    • By Mdbrfc11 19th Mar 17, 9:15 PM
    • 4Posts
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    Mdbrfc11
    Cash ISA and H2B - help
    • #1
    • 19th Mar 17, 9:15 PM
    Cash ISA and H2B - help 19th Mar 17 at 9:15 PM
    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
Page 1
    • isasmurf
    • By isasmurf 19th Mar 17, 9:24 PM
    • 1,718 Posts
    • 738 Thanks
    isasmurf
    • #2
    • 19th Mar 17, 9:24 PM
    • #2
    • 19th Mar 17, 9:24 PM
    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.
    Last edited by isasmurf; 19-03-2017 at 9:26 PM.
    • Mdbrfc11
    • By Mdbrfc11 20th Mar 17, 9:07 PM
    • 4 Posts
    • 0 Thanks
    Mdbrfc11
    • #3
    • 20th Mar 17, 9:07 PM
    • #3
    • 20th Mar 17, 9:07 PM
    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.
    Originally posted by isasmurf

    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..
    • badger09
    • By badger09 21st Mar 17, 11:30 AM
    • 5,124 Posts
    • 4,338 Thanks
    badger09
    • #4
    • 21st Mar 17, 11:30 AM
    • #4
    • 21st Mar 17, 11:30 AM
    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%?
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