Confusion about H2B Cash ISA / S&S ISA Limits

rcod20

Hi All

I have some confusion about ISA's and limits (i.e. paying into only one Cash ISA a year), and what that means for where I can store money. TBH about saving accounts in general.

I've historically had an instant access cash ISA with my current account (which I was paying into monthly). This year, I opened up a H2B cash ISA and a stocks and shares ISA with money box.

I have been drip feeding money from my salary and instant access cash ISA (i.e. £100 from salary and £100 from instant access) into my H2B every month, whilst rounding up my spend from my current account into the moneybox stocks and shares ISA.

Recently, i've been gifted a £5k lump sum I want to put towards saving for a house/emergency fund however:
1) I don't want to store it in my current account
2) I cant put it in my old instant access cash ISA (as i can only pay into one per year).
3) I can't put it in my H2B ISA as I can only pay in £200 a month
4) I don't really want to put it in my Stocks and Shares ISA as I want it to be somewhat easy to access.

Ultimately, i'm a bit confused as to where to put it for the time being.

Sorry for the long post but I am very confused.

Cheers

MallyGirl

see point 8 here:

https://www.moneysavingexpert.com/savings/help-to-buy-ISA

eskbanker

Read the quick links further up the page titled 'top savings accounts' and 'how to start saving' (one or more other current accounts may be the answer and/or regular saver accounts) - you may also wish to research Lifetime ISAs in particular, if you're not planning on buying for another year.