Cash ISA Transfer for in-laws

Had some good responses on my previous question, so here's a follow-up ...
My Mother-in-law has a Barclays Instant Cash ISA, into which she deposits monthly payments.
The interest rate on this ISA is not spectacular, so can she transfer it within Barclays to their 1-year fixed Cash ISA, then continue to pay into it ?? Thanks.


  • masonic
    masonic Posts: 22,845
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    Not unless Barclays allows continued deposits into the fixed ISA you mention. Most fixes only allow incoming payments for a short period of time (e.g. 2-4 weeks) after the account is opened.
  • xylophone
    xylophone Posts: 43,839
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    But even if not a fixed rate she could consider a transfer.
  • xylophone said:
    But even if not a fixed rate she could consider a transfer.
    Thanks for your reply - looks like deposits are allowed throughout the year ...
    Deposits up to the annual ISA subscription limit* each tax year may be made throughout the term of the Flexible Cash ISA. *Annual ISA subscription limit for the tax year 2023/2024 (6 April 2023 to 5 April 2024) is £20,000.
  • refluxer
    refluxer Posts: 2,536
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    Yes, you can pay into a Barclays Flexible Cash ISA throughout the duration of the term, which is unusual for a fixed rate ISA.

    Just be aware that access obviously won't be unlimited like the Instant Cash ISA presumably is. Instead, you're limited to 3 withdrawals of up to 10% of the balance each time.
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