Can I pay two lots of 20k into a newly opened 2 year fixed ISA - Opened in mid March 2020. 18 March at 7:05PM in ISAs & Tax-free Savings 1 reply 104 views

cm00

I opened and paid 20k into a 2 year fixed rate ISA last, week, middle of march. According to the rules, I have 30 days to make my deposits before the account locks for 2 years and nothing more can be paid in.

I think I recall the person from that bank telling me that I can pay an additional 20k into the account on April 6th, with the new tax year. As long as it's before the 30 days is up. Is that correct? Can I pay an additional 20k into the same fixed rate 2 year ISA on April 6th? New 20k ISA allowance and the 30 days since I opened the account isn't up yet. So it should work?

masonic

That's correct.