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Opening Fixed Rate ISA 12 & 24 month
phillw
Posts: 5,692 Forumite
If you opened a 12 month and 24 month Cash ISA at RBS, would that count as paying into two cash ISAs? Or do they report it as one?
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Comments
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You wouldn't be able to fund them both with money from this year's ISA allowance if that's what you mean ? You're only allowed to pay money from this tax year's allowance into one cash ISA at any one time unless the provider offers a 'portfolio'-type of approach (where you are permitted to spread the current tax-year's allowance over multiple cash ISAs) but I don't think RBS does, though. (Paragon, Nationwide and Zopa are examples of providers who do).
Opening both RBS ISAs, paying new subscriptions into one and funding the other with a transfer containing subscriptions from a previous tax year would be fine, however.1
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