barclays instant access isa help

no_debt

hi all i opened my first isa last year with barclays. now the new year is coming up i could do with some advice i like to keep things simple so don,t want to go chaseing different rates . do i need to open a new isa with barclays or can i just carry on paying into the same one has last year .
i understand about only putting in your yearly allowence will they pay me the interest they have advertised for this year or will it drop dramatically thanks for any help

badger09

no_debt wrote: »

hi all i opened my first isa last year with barclays. now the new year is coming up i could do with some advice i like to keep things simple so don,t want to go chaseing different rates . do i need to open a new isa with barclays or can i just carry on paying into the same one has last year .
i understand about only putting in your yearly allowence will they pay me the interest they have advertised for this year or will it drop dramatically thanks for any help

If you 'don't want to go chasing different rates' you can probably carry on paying into your existing Barclays ISA from 6th April.

However, you'll be doing yourself no favours at all and the interest rate you'll get will be tiny

You'll have to read Barclays T&C for your particular ISA, but I'm prepared to bet that it will have had a bonus which runs out after a year .

grizzly1911

badger09 wrote: »

You'll have to read Barclays T&C for your particular ISA, but I'm prepared to bet that it will have had a bonus which runs out after a year .

The OH has had successive Barclays ISAs and each year the bonus drops away.

If you want to move to their new offering you will need to get them to move it to retain your previous entitlement.

innovate

If you were happy with Barclays, why did you start this thread?

I know you said you don't want to go chasing different rates - - but this is MSE, and may be a look at post 1 in this thread will be an eye-opener https://forums.moneysavingexpert.com/discussion/401374