fixed rate bonds and fixed rate isa

Jerrlan

I recently opened a 2 year fixed term deposit account with another bank in november 2018.

I already have a fixed rate isa account with my main bank since January 2018,

Is this ok ?

I read somewhere that arent allowed 2 cash isas in one year but not sure if is just referring to isas . I am assuming a fixed rate bond is the same as a fixed term deposit.. I know a fixed rate bond is similar to an isa except an isa hasn't got a limit before pay tax on interest.

masonic

A fixed term deposit account is not an ISA, but even if it was you wouldn't be breaking the rules if all of this tax year's contributions were in the January 2018 ISA.