Fixed ISA

stboard

Hi All,

Been a while since I looked in to this so I'm after the experts thoughts to my situation...Back in May this year I opened a Halifax 2 Yr Fixed Rate but I didn't deposit any funds yet until this month I thought let's top up my funds but my transfers were rejected so I called Halifax and found out I could no longer (pay in only available for 90 days from opening account) transfer any funds so they recommended I open a new cash ISA to use my £5640 limit.

So my question is it within HMRC rules that you can have a fixed ISA (without transferring a penny) even though you are not able to deposit and yet open a new Cash ISA to use the £5640?

At the moment I've not paid a penny in to any ISA yet.

Thanks for your comments in advance.

Steve

ViolaLass

The key bit is how many ISAs you CONTRIBUTE to in one year, not how many you open.

stboard

ViolaLass wrote: »

The key bit is how many ISAs you CONTRIBUTE to in one year, not how many you open.

Thanks, that is easy one then, I knew it would be something simple but I have been at the Sherry already!! Thanks again ViolaLass!