We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
ISA question
xssc32x
Posts: 81 Forumite
I currently have a 1 year fixed rate cash E-ISA that matures in June with Virgin, max allowance. Come 6th April can I add more funds to this ISA or should I open up a new ISA on 6th April and then transfer the funds from my current one into this in June when matures? Thanks
0
Comments
-
It's unlikely that a fixed term ISA will accept further deposits ten months after opening, but I haven't checked its Ts & Cs.
Assuming you don't have any remaining 2024/25 allowance, you would indeed need to wait until 6 April before paying into another one - whether or not you consolidate both into one is entirely up to you....1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards