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ISA Query

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Stonesmike
Stonesmike Posts: 110 Forumite
Fourth Anniversary 100 Posts Name Dropper
edited 25 April at 10:32AM in ISAs & tax-free savings
I put 20k into a Santander isa account last year, can I put another 20k into the same isa for this year?

Comments

  • Mr.Generous
    Mr.Generous Posts: 3,991 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Yes, but if the rate has dropped you can open a new isa and transfer this in, and still add £20k

    Nice position to be in. Well done.
    Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.
  • slinger2
    slinger2 Posts: 1,011 Forumite
    1,000 Posts First Anniversary Name Dropper
    It will depend on the terms and conditions of the ISA. Many variable-rate ISAs let you add to the ISA at any time. However most fixed-rate ISAs only have a short window after opening where you can add more money.
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