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Fixed ISA maturity options

BarGin
BarGin Posts: 978 Forumite
Part of the Furniture 500 Posts Name Dropper
in ISAs & tax-free savings
I have a 1 year fixed ISA with Shawbrook that will mature soon. I would like to reinvest the funds in another 1 year fix with the same bank and also open an easy access cash ISA elsewhere (Chip). Would I be allowed to do this?

Comments

  • eskbanker
    eskbanker Posts: 37,635 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 3 May 2024 at 1:24PM
    Yes, you'd have been allowed to do that last year too, but since the rule about not funding multiple ISAs (of the same type) concurrently has been scrapped, it's even more possible now!
  • Rodders53
    Rodders53 Posts: 2,698 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Yes that is allowed.
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