ISA Allowance

Vienna26

I have my full allowance for last year invested in a Plum cash ISA.
I now have this years allowance in full available to invest.
Should I add it to the same ISA or open a new one? 

Adding to the existing one would still keep me below the 85,000 secure limit.

gravel_2

You can do what you want.

GrubbyGirl_2

do what gives you the best return.  I have 6 and only 1 of those has more than one years allowance in it

Vienna26

Plum gives about the best return on cash ISAs so might be best to add this year’s allowance into there.

GrubbyGirl_2

Be aware that Plum include a bonus rate so once your ISA is 12 months old the rate is reduced by 0.88% from 5.17% to 4.29%.  

Vienna26

Ok yeah, I’m aware
I will review investment at the end of twelve months
cheers 👍🏻