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I've opened, but not paid into, 2 cash ISA's in this tax year.
drunknmunky
Posts: 174 Forumite
Hi all,
Last week I opened an easy access Cash ISA with Virgin. I then thought as interest rates may drop this year it would best to open a fixed rate Cash ISA l, so I opened one with OakNorth as well. I've not paid into either yet and have no intention of funding the Virgin one now, however before I pay the full 20k into OakNorth, I just wanted to check I haven't broken any rules by simply opening the 2 cash ISA's (but only paying into 1) in the same tax year?
Thanks
Last week I opened an easy access Cash ISA with Virgin. I then thought as interest rates may drop this year it would best to open a fixed rate Cash ISA l, so I opened one with OakNorth as well. I've not paid into either yet and have no intention of funding the Virgin one now, however before I pay the full 20k into OakNorth, I just wanted to check I haven't broken any rules by simply opening the 2 cash ISA's (but only paying into 1) in the same tax year?
Thanks
0
Comments
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No, you haven't broken any rules It is fine to open as many cash ISAs as you wish, providing you only subscribe to one in this tax year (this restriction ends at the end of this tax year).
1 -
Great, that's what I thought. Many thanks for confirming.0
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