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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Isa
Stevetot1
Posts: 2 Newbie
Hello, I have an Isa (last year and have £20,000 and the rate is 4.75%), and I would like to open another this financial year.
I understand I can pay into this Isa with this years allowance and if so, would I get this rate (4.75%), or will the bank pay their current rate which I believe is lower, if I took out a completely new Isa? Many thanks.
I understand I can pay into this Isa with this years allowance and if so, would I get this rate (4.75%), or will the bank pay their current rate which I believe is lower, if I took out a completely new Isa? Many thanks.
0
Comments
-
Depends on the terms of your existing ISA. Who is it with and what is it called and does it have an end date?
1 -
Was that 4.75% account an easy access, fixed term, or something else?
0 -
Its the 4.75% fixed term0
-
This is nothing to do with whether this savings account is an ISA or not. It depends on the terms and conditions of your specific account. You simply need to find out whether you can put more money into your existing account or not.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards