Trading 212 ISA - - open now ?

[Deleted User]

Thinking of opening an Trading212 ISA account this year to transfer a fixed ISA from Chartered bank ( 3.3%) which matures in October .

My concern if I was to open the 212 account now and in October another provider offers a better rate I will be stuck with them  ,  am I restricted to one cash ISA account per tax year .

I made the mistake of fixing for 2 years on Chartered account so do not want to make the same mistake  , thanks

gravel_2

[Deleted User] said:

am I restricted to one cash ISA account per tax year .

No. Any number of ISAs can be opened and funded. Your only real restriction is the £20k annual limit, and if you are transferring from one ISA to another through the formal channels then that's not relevant.

Bigwheels1111

How much is in your isa, what is the penalty to get out.
I took the hit last year and got 5.55% for 3 years.
Old isa was 2%. Already made the £100 fine back, plus quite a bit more.
90 days interest fine.

[Deleted User]

Bigwheels1111 said:

How much is in your isa, what is the penalty to get out.
I took the hit last year and got 5.55% for 3 years.
Old isa was 2%. Already made the £100 fine back, plus quite a bit more.
90 days interest fine.

The old isa was 3.4% which runs on in a few months , the issue when I signed up did not realise it was a 180 day ( 6 month penalty on the insurance ) .