Lloyds fixed 2 Year Cash ISA

SickGroove

Morning, 

Just a couple of quick questions...

Last month I opened the above account with 5K & will be topping up shortly with the remaining 15K of this year's allowance...

1) Can I transfer in any other maturing Cash ISAs at any point during these 2 years

2) Will I just be able to add to this same cash ISA during the 25/26 tax year up to 20K, without the need to open up another cash ISA?

Cheers

Albermarle

For most fixed term cash ISAs,  the answer to both questions is No.

However a small number of providers are more flexible, and I think ( you need to check ) LLoyds is one of them.

In which case I would guess the answer to 2) is yes, and the answer to 1) is at the providers discretion.

35har1old

SickGroove said:

Morning, 

Just a couple of quick questions...

Last month I opened the above account with 5K & will be topping up shortly with the remaining 15K of this year's allowance...

1) Can I transfer in any other maturing Cash ISAs at any point during these 2 years

2) Will I just be able to add to this same cash ISA during the 25/26 tax year up to 20K, without the need to open up another cash ISA?

Cheers

Why not open another ISA with Oak North or Shawbrook paying 4.6% if you want a high St name TSB 4.35%
I think there is time limit on transfers in to LLoyds

CrickJon

SickGroove said:

Morning, 

Just a couple of quick questions...

Last month I opened the above account with 5K & will be topping up shortly with the remaining 15K of this year's allowance...

1) Can I transfer in any other maturing Cash ISAs at any point during these 2 years

2) Will I just be able to add to this same cash ISA during the 25/26 tax year up to 20K, without the need to open up another cash ISA?

Cheers

Pretty sure the Lloyds 2 year fix allows contributions throughout? If so, you'd be free to add £20k of new money each year (so £15k remaining this tax year as you said) and £20k next tax year. And you'd be able to transfer in other ISAs using the transfer process as these aren't new money.

alternate

The main selling point of that Lloyds issue was the ability to add money over the term.  It wasn't the best available rate at the time but many opened it as insurance.

savit4l8er

When Lloyds state the following 



Would it be that if one has only transferred previous years money in during the term, then a second fixed rate could be opened to run alongside side the existing one and either this year's allowance paid in, previous years transferred in or both?