Can you have multiple ISAs with Shawbrook?

alternate

As title, I can't see anything in their terms that says no.

Reason I ask is that I was just wondering - since the ISA rules about how many you can open per year have changed - and how Shawbrook seem to allow deposits through out the term, theoretically could you open say 3 year and 5 year fixes with the minimum deposits this year to secure those rates and then, should rates go down, transfer in throughout the term?

Thanks

eskbanker

Not according to their FAQ:

You can only open and subscribe to one cash ISA account with Shawbrook in any given tax year.

https://www.shawbrook.co.uk/savings/cash-isas/#am-i-eligible-to-open-a-cash-isa

slinger2

Although it's not clear to me whether you would be allowed to transfer in an existing ISA that just had "old" money. That wouldn't involve "subscribing".

Albermarle

Shawbrook ( unusually) let you continue to fund their fixed term ISA's with new money throughout the period of the fixed term. However they clearly state that they may/can refuse transfers in, once the account has started.

The reason is of course that if general interest rates dropped, their could be a flood of high value transfers in to take advantage of the fixed rate, so they reserve the right to block transfers in.

alternate

thanks    

soulsaver

There is more than Shawbrook who allow you to top up throughout the term - so use Shawbrook  and a different provider for the same plan?
Research Lloyds, Barclays, Bath BS, Kent RBS.. maybe others.