Charter Savings Bank ISA ‘Problem’

SEW13579

New rules for 2924/25 allow you to save your up to 20k across more than one institution. However Charter Savings Bank say that is advisory and that they DO NOT allow you to save in any tax year with another institution if you have subscribed to an ISA with them. Wow. Please can anyone say whether they can do that?

However they do allow you to save various ISAs that they provide so say some in an easy access and some in a fixed. Coventry BS and Virgin as two examples DO NOT allow you to do that. 

eskbanker

They can't prevent you from subscribing with another ISA after paying into one of theirs, and wouldn't even know if you did, so that restriction can safely be ignored - it wouldn't withstand any legal scrutiny if they tried to enforce it anyway.