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Multi Deposit ISA

caveman38
Posts: 1,311 Forumite


Does an ISA exist, where you can open now with a deposit and top it up monthly. Then put a final amount in March 25.
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Comments
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Yes, all easy access ISAs will accommodate that.
There may be one or two fixed term/rate ones too....2 -
caveman38 said:Does an ISA exist, where you can open now with a deposit and top it up monthly. Then put a final amount in March 25.
Lots of financial institutions offer them, including all high street banks. Some have limitations such as only allowing a single lump sum payment so would not be suitable for you. But many allow you to open a cash ISA now with a deposit and top it up weekly, monthly or whenever you please. Your final payment can be March 24, 25, 26 or whenever you wish.
Just one example is MSE's top pick of Trading 212 https://www.trading212.com/isa?cash-isa=&promo-code=MSE
The only limitation is that your total payment of new money into ISAs (all ISAs you have, including lifetime ISA, stocks & shares ISA as well as cash ISAs) can't be more than £20,000 in any tax year.1 -
caveman38 said:Does an ISA exist, where you can open now with a deposit and top it up monthly. Then put a final amount in March 25.Remember the saying: if it looks too good to be true it almost certainly is.0
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Alderbank said:caveman38 said:Does an ISA exist, where you can open now with a deposit and top it up monthly. Then put a final amount in March 25.
Lots of financial institutions offer them, including all high street banks. Some have limitations such as only allowing a single lump sum payment so would not be suitable for you. But many allow you to open a cash ISA now with a deposit and top it up weekly, monthly or whenever you please. Your final payment can be March 24, 25, 26 or whenever you wish.
Just one example is MSE's top pick of Trading 212 https://www.trading212.com/isa?cash-isa=&promo-code=MSE
The only limitation is that your total payment of new money into ISAs (all ISAs you have, including lifetime ISA, stocks & shares ISA as well as cash ISAs) can't be more than £20,000 in any tax year.0
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