Transfer to one account and save in another?

Darwood

Is it possible to open two cash isa accounts in the same year if one is used to transfer money from a previous years ISA and the other one is used for new saving?

whu

Yes - you "open" the new one with the new money and then transfer the old one into another ISA which does not count as "opening "a new ISA

Darwood

Thank you
Whu's da man! (see what I did there?)

The-OC

how would you go about this with a natwest e-isa? i want to transfer in previous years, but not save for this current year.
in order to open it, the website asks you for an initial deposit. wouldn't this then count as current year deposit? there doesn't seem to be any way to indicate you only want the account to transfer in.

Baldur

The-OC wrote: »

how would you go about this with a natwest e-isa? i want to transfer in previous years, but not save for this current year.
in order to open it, the website asks you for an initial deposit. wouldn't this then count as current year deposit? there doesn't seem to be any way to indicate you only want the account to transfer in.

Just go to a Natwest branch and arrange the transfer.

manic_saver

Being silly here , but i've opened up an isa reward with the halifax today for year 09/10, and transfering money from another isa into this one.

Now can i open up another i.e natwest e-isa, starting with new money and leave the halifax isa as it is (while the transfer process is going through)?

whu

yes no problem