ISA closed but possibility of new one?

bb_bell

Hi all!

Hope this isn't a silly question or one thats been asked too many times!

Since I have bought a house I closed all my savings accounts apart from a normal monthly saver. One of the accounts closed was a Cash ISA with LloydsTSB. The reason I did this because I was spreading the money I was saving before the house. Since the house sapped all my savings I thought there was no need for all those accounts so closed them. I had saved £3,000 in one tax year for that account.

I have just recently come to recieve £10,000 which I just want to hide away and get a little bit of interest. Im not sure but I thought I heard somewhere that if you had an account before that you could have the amount what was in there to put away.

Say I goto the bank and ask for a new Cash ISA, could I put in an extra £3,000 on top of the £3,600 for this year? I would like to get a lump sum of £6,600 in a ISA if possible?

Thanks :cool:

Stompa

bb_bell wrote: »

could I put in an extra £3,000 on top of the £3,600 for this year?

Nope, £3600 is the maximum you can put in.

[Deleted User]

bb_bell wrote: »

Im not sure but I thought I heard somewhere that if you had an account before that you could have the amount what was in there to put away.

Incorrect. If you've put £3600 into an ISA this tax year then taken it out you're not able to put anything further into the ISA.

If you've not used any of the £3600 this year you can put in £3600 only, not matter what you've had in an ISA before.

bb_bell

ah ok, nevermind eh!

cheers for the advice! time to hunt around for the normal savers then!