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ISA Stocks and Shares / Cash ISA in different providers?

Hi guys!

My Dad has some Stocks and Shares ISA in a provider who doesn't provide Cash ISA facility (only Stocks and Shares ISA), but now he wants to open Cash ISA as well. Can he open Cash ISA at different provider?

Many thanks!

Comments

  • JGB1955
    JGB1955 Posts: 3,710 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Yes.  I currently have ISAs with 4 different providers.
    #2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
  • Albermarle
    Albermarle Posts: 25,573 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    JGB1955 said:
    Yes.  I currently have ISAs with 4 different providers.
    Same here. Some people have a lot more .
  • eskbanker
    eskbanker Posts: 34,724 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    krippo said:
    My Dad has some Stocks and Shares ISA in a provider who doesn't provide Cash ISA facility (only Stocks and Shares ISA), but now he wants to open Cash ISA as well. Can he open Cash ISA at different provider?
    Just to be clear, there haven't been any limitations on opening ISAs, but there is currently a restriction only allowing paying new money into one of each type per tax year - this still allows a cash ISA to be funded in the same tax year as a S&S ISA, but in any case this restriction is lifted at the end of next week, after which any combination of ISAs can be funded, subject only to the overall £20K annual allowance (and any product-specific terms).
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