2 cash ISA's with same provider
in ISAs & tax-free savings
3 replies 122 views
Just wondering if there is anything really wrong about this?
A week or so ago i opened a Virgin ISA and started a transfer, (its still in progress). The ISA transferring in is only previous years contributions.
Today i opened a second Virgin ISA and started another transfer. This ISA transferring has both previous years and current years contributions.
I understand it probably doesn't make much sense to have 2 cash Isas at the same bank. The only way to transfer a second ISA into the initial Virgin one was to send a paper form, so i thought it easier to open a second Virgin ISA and arrange transfer during opening process.
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I'll give a go as don't want to go through the paper submission palaver to transfer into the existing one. It'll be handier having two anyway in case I want to transfer one to a fix ISA or to an S&S Isa at some point.
EDIT: seems to have worked OK. Two Exclusive Flexi ISA 2 now showing on the account.