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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?
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Comments
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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
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Yes, you can open, but whether you get "today's" rate or not depends on the T&C of this particular ISA.0
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Are you looking at a fixed term ISA, as If it is an easy access ISA, then interest rate will be variable anyway .
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