old and new ISA

lxlthr2000

Quick query - I have an ISA from last year and wish to open another this year, purely so I can have two separate accounts (saving for two different purposes, so easier to track).

Once I open the new ISA account, can I deposit into both the old and the new account upto the annual limit? Or am I somehow limited to only depositing into one account in any one year?

Thanks

Archi_Bald

In the same tax year, you can only deposit new money into one cash ISA.

eskbanker

Standard MSE response: have you considered opening one or more current accounts instead, to gain access to better rates, even allowing for tax, see http://www.moneysavingexpert.com/savings/which-saving-account