savings terms and conditions

darkelf

Hi all,

I have been checking the terms and conditions of a few savings accounts i am thinking of opening but when i read the terms and conditions they have the same line as this.

***I have not subscribed and will not subscribe to another cash ISA in the same year that I subscribe to this cash ISA.***

I currently have a Lloyds cash isa (3.75%) and want to move my isa...but if i am reading this right i cannot open one of these accounts till the new tax year as i have already got a ISA???

thanks

opinions4u

If you have paid in to your Lloyds cash ISA this tax year (since 6th April) then you cannot open a new cash ISA.

What you can do is transfer your Lloyds cash ISA to a new provider who is willing to accept this.

Check whether the rate you want with a new provider will be paid for transfers in.

DO NOT CLOSE YOUR LLOYDS ISA. Get the new provider to arrange the transfer.

oldfella

you cannot open a new cash ISA.

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to be pedantic - you cant subscribe to another new ISA. You can open a new ISA, transfer to it, and then subscribe to it.

opinions4u

oldfella wrote: »

you cannot open a new cash ISA.

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to be pedantic - you cant subscribe to another new ISA. You can open a new ISA, transfer to it, and then subscribe to it.

Very pedantic.

But accurate