Simple question re last years ISA

bestyman

Hi All,
Appologies in advance for a really simple question, I read FAQ but still confused ( been skint most of my life so isas not my thing )

Anyhow, I have an isa with first direct ( april 05 to april 06) that has £2,000 in it . (did have 3k but drew out 1k)
After 5 april we will probably open a new isa with A &L . I understand that I can put 3K in that the next year but what I dont know is what happens to the 2k I have already ?
If this is left in first direct is the interest rate the same?
Can this 2k be put in the A&L as well as the 3K allowance for that tax year?
Many Thanks
Bestyman

grumbler

First Direct is known to offer good rate for a few months after that interest rate gets absolutely uncompetitive. You can either transfer your FD ISA to other provider now and then add up to £3K after 5th of April or open a new ISA after 5th of April and then transfer your ISA from FD. Remember: you must ask the new provider to transfer your old ISA. AFAIK A&L will give you some form to send to FD.