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Deposit period on ISA moving to new year's allowance
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tfboy
Posts: 44 Forumite


I just phoned Coventry for their 2.25% ISA asking about the ability to deposit additional funds into the new year, and the lady said I can only do that in this year.
However, reading their "Additional information", it states:
However, the "for 7 calendar days" suggests this will be in the next FY if I open it within 7 days (say 1st or 2nd of April).
If I do that, would it mean that come 6th April, I would have access to another £15k (or rather £15,240) allowance?
It's a bit of a grey area in their wording. I might just call them back but what do you think?
However, reading their "Additional information", it states:
I understand "open to new investors" means effectively this tax year as it will be closed for new openings at the end of this FY.Your initial deposit must be made within 10 calendar days of opening this account. You can make additional deposits while the account is open to new investors or for 7 calendar days after your initial deposit, whichever is longer.
However, the "for 7 calendar days" suggests this will be in the next FY if I open it within 7 days (say 1st or 2nd of April).
If I do that, would it mean that come 6th April, I would have access to another £15k (or rather £15,240) allowance?
It's a bit of a grey area in their wording. I might just call them back but what do you think?
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