Fixed rate ISA tax year v maturity date

tinsy

Hi

I have a 1 year fixed rate ISA with Nat West with 20k invested in. This is due to mature in August. I know I can't add to it or transfer it until matures but can I open up another one now for this tax year and then transfer the Nat West one in when it matures. Thankyou

Ayr_Rage

Yes, as long as the one you open this year accepts transfers-in.

Generally, fixed rate cash ISAs only have a small funding window so if you go for that this year check the Ts And Cs.

slinger2

If you open a new fixed-rate Cash ISA now, then probably you won't be able to add the Nat West one to it in August. As noted fixed-rate Cash ISAs generally have a short funding window (but read the T&Cs). However you could open an easy access ISA now, one which allows transfers-in at any time.

Of course there's no need to combine them, you could carry on with two separate ones.