Adding irregular sums during the year with a flexible ISA?

JB50MSE

Do all Flexible ISAs allow you to ADD money (without withdrawing) during the financial year, or do the rules vary by ISA provider or product ? E.g. £1,000 in month 1, £4,000 in month 3, £15,000 in month 11 (totalling up to £20K)? I'm unlikely to need to withdraw during the year but I don't have anywhere near £20K to start the year, so I want to save irregular amounts during the year. The rules keep talking about withdrawals but not about adding money gradually but irregularly, without withdrawing.

eskbanker

Flexible ISAs will typically be easy access accounts, and so won't have any stipulations about lump sum funding, i.e. they can be added to as the year progresses.

soulsaver

Easy Access (EA)  ISAs don't restrict deposits other than the annual max. Flex EA  wouldn't either.

There some regular saver Isa products that do.

A few providers allow additions to FIXED rate accounts, but you can't usually withdraw until maturity without penalty - check Kent Reliance BS, Shawbrook & Lloyds OTTOMH.

Read through the recent Best Cash Isa accounts thread posts Cash ISAs: The Best Currently Available List - Page 751 — MoneySavingExpert Forum for detail,  options, ideas.

ETA link

jimjames

JB50MSE said:

Do all Flexible ISAs allow you to ADD money (without withdrawing) during the financial year, or do the rules vary by ISA provider or product ? E.g. £1,000 in month 1, £4,000 in month 3, £15,000 in month 11 (totalling up to £20K)? I'm unlikely to need to withdraw during the year but I don't have anywhere near £20K to start the year, so I want to save irregular amounts during the year. The rules keep talking about withdrawals but not about adding money gradually but irregularly without withdrawing.

That's nothing to do with flexible ISAs, all easy access ISAs allow you to add money when you want. Flexible ISAs enable you to withdraw money and re-add it without affecting your limit for the year