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ISA opened NIL balance can I open a 2nd now as better rate?
philng
Posts: 835 Forumite
I opened an ISA for my elderly mum but made no deposit yet as long winded ID requirements. Can I now open an ISA with a different provider who I suspect will be easier to open with as she has had account there before?
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Comments
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Yes you can
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Does an ISA actually give her an advantage over a normal savings account? https://blog.moneysavingexpert.com/2022/04/martin-lewis-ditch-cash-isa/
Savings rates, incl ISAs: https://moneyfacts.co.uk/savings-accounts/0 -
Yes you can. The restriction is flat you can only subscribe new money to one cash ISA each tax year."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0
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