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Rolling over maturing isa
GREENCROFT2010
Posts: 3 Newbie
My ISA with the Principality BS is maturing in the middle of April and they are offering me a rate of 1.4% to roll over the funds into another ISA which I am thinking of going with BUT can I also open a new ISA with a different provider in the same tax year? I just cannot find the answer anywhere. Any help would be appreciated
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Comments
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GREENCROFT2010 wrote: »My ISA with the Principality BS is maturing in the middle of April and they are offering me a rate of 1.4% to roll over the funds into another ISA which I am thinking of going with BUT can I also open a new ISA with a different provider in the same tax year? I just cannot find the answer anywhere. Any help would be appreciated
You can open as many cash ISAs as you like. You can only subscribe (pay new money) to one at a time. So you could roll over your maturing Principality ISA and open another elsewhere but you can only pay into one of them.
I have to ask though - why 1.4%? Are you using the high interest current accounts paying up to 5%?0 -
Thank you Badger09 very useful info.0
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