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Can I open 2 cash ISAs?

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Comments

  • ColdIron
    ColdIron Posts: 9,959 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    bryanb wrote: »
    But please explain how my Halifax fixed ISA paying 4% could be improved on if I wish to remain in cash.
    Or even my Coventry Reward instant access ISA paying 2.5%?
    Neither of those accounts are currently for sale, I am struggling to see the point of mounting a defense of ISAs based on products that are not available to the OP or anyone else for that matter

    For most people it is hard to see how ISAs, that are currently available, could not be improved upon
  • badger09
    badger09 Posts: 11,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jimjames wrote: »
    Am I allowed to say a cash ISA is pointless yet?

    Indeed you are :)

    I wondered why it took you nearly 7 hours though :p
  • vectistim
    vectistim Posts: 635 Forumite
    Part of the Furniture
    bryanb wrote: »
    That's true but I am maxed out with my interest paying current accounts as far as possible.
    Not everyone is in the same position as you or I.

    If you have that much sloshing about in cash, unless you're about to buy a house, shouldn't you be moving to investments?
    IANAL etc.
  • jimjames
    jimjames Posts: 18,796 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    bryanb wrote: »
    Not at my age. Spending it is the masterplan.

    You get income from investments, you can still spend that
    Remember the saying: if it looks too good to be true it almost certainly is.
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