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!
CAN I OPEN ANOTHER CASH ISA
dec9
Posts: 34
Forumite
Hi, I've got a cash ISA maxed out for this year 2024/25 and I plan on opening another on 5th April this year (or just after thereabouts)
Can I open one now instead but not put any money in it until after 5th April to get todays interest rates or do I have to wait until after 5th April to open it?
Can I open one now instead but not put any money in it until after 5th April to get todays interest rates or do I have to wait until after 5th April to open it?
0
Comments
-
You can open as many ISAs in a year as you like, as long as the total new funding doesn’t exceed £20k.Whether you would get current interest rate after 5th April is down to the T&C’s.0
-
Yes, you can open, but whether you get "today's" rate or not depends on the T&C of this particular ISA.0
-
Are you looking at a fixed term ISA, as If it is an easy access ISA, then interest rate will be variable anyway .
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards