Two ISA's with Nationwide?

jonmknight

ISA newbie here..

I seem to recall reading on the MSE only a few days ago that it's possible to setup two ISA's in the same financial year with Nationwide - and be able to pay into both. (One other bank also offers this service, but I can't remember the name) The yearly ISA limit would be split over the two accounts?

I can't seem to locate this page anymore. Was I imagining this?

I've setup two ISA accounts with Nationwide - a 5year bond account and a regular ISA account. I can only seem to deposit into one. After challenging Nationwide I was advised that I'm only allowed to deposit into one. If this is the case - why did they even let me setup a second?

jonmknight

I've found the URL:

moneysavingexpert.com/news/banking/2014/05/torn-between-easy-access-and-fixed-cash-isas-find-out-how-to-open-both

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I've setup
"FRISA/A 5yr 2.50%"
"Regular Saver ISA"

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Should Nationwide automatically be managing this 'split' for me?

le_loup

You have misunderstood. You can pay into as many ISA products as you like with Nationwide. What you can't do with any provider is to pay MORE money into a fixed rate product once it is opened.

EarthBoy

Bonds are frozen until they reach the end of their term. You can't pay anything extra into them, not even the non-ISA ones.