ISA Monthly Interest 10 November 2022 at 12:25PM edited 10 November 2022 at 12:46PM in ISAs & tax-free savings 1 reply 162 views

paul235

Can the monthly interest in the Virgin or Leeds Building Society Fixed Rate ISA be paid into an Instant Access ISA with the same provider?  Also is it possible to open two fixed term ISAs of different duration (1 and 2 years) with the same provider?

refluxer

paul235 said:

Can the monthly interest in the Virgin or Leeds Building Society Fixed Rate ISA be paid into an Instant Access ISA with the same provider?  

It should tell you in the product summary box or T&Cs for each account.

paul235 said:

Also is it possible to open two fixed term ISAs of different duration (1 and 2 years) with the same provider?

Yes it is, but you wouldn't be able to fund them both with money from this year's allowance (as you can only pay that money into one Cash ISA at any one time during the tax year) so one of those ISAs would have to be a transfer of an older ISA with contributions from a previous tax year.