ISA Query

I'm looking to put a largeish amount of cash into some easy access savings and have a question on easy access ISA's. Is there a maximum amount you can put into one of these, as it's not that clear to me on MSE's website guide and I may just be better off in an easy access savings account.

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  • eskbankereskbanker Forumite
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    You have an ISA contribution allowance of £20K per tax year, so can't exceed that, although most accounts will accept higher amounts if paid in across multiple years if that's what you're meaning....
  • AlbermarleAlbermarle Forumite
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    Different providers, have different maximum limits, but usually it is a pretty high amount ( > £100K ) . So with a max contribution per tax year of £20K , it will take a while for any limits to become an issue.
    On the other hand it is advisable not to have more than £85K with any one provider, as this is the maximum covered by the FSCS compensation scheme, in case of something going wrong.
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