Opening Fixed Rate ISA 12 & 24 month

phillw

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?

refluxer

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.