Restrictive T&Cs on ISA

gutoffowc69

I have just applied for a fixed term ISA
This is one of the terms:

"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA;"

I have other fixed term cash ISAs which mature at different times. Does this term prevent me from shopping around and getting the best rate of transfer from another provider.

Ayr_Rage

You can only pay new money into one Cash ISA this tax year.

If you have already subscribed to a Cash ISA with new money since April 6th 2023 then you cannot have another Cash ISA this tax year.

ISAs from previous tax years can go anywhere you like subject to the provider accepting transfers in.

The Ts and Cs are not restrictive, they are so you comply with the law.

dunstonh

"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA;"

That is not restrictive.  That is exactly what the rules are for ISAs (until next tax year when it changes)

I have other fixed term cash ISAs which mature at different times. Does this term prevent me from shopping around and getting the best rate of transfer from another provider.

Those maturing ISA FTDs are not subscriptions.   Subscription =  new money.