ISA help - UBL confusion

drspouse

I opened a UBL ISA early in April but I didn't notice that you have to put ALL your deposit in within 10 days or you don't get the original interest deal. I initially put in £2000 and then another £500 plus a transfer in of £3000.
I also transferred some ongoing savings but as they were after the time they specified in the small print they rejected them. 
Questions:
As I want to save regularly can anyone recommend a good interest rate for an ISA with unlimited pay in? 
I think I can now open more than one cash ISA through the year, am I correct? I'm not sure I want to open another UBL one though as the account is needlessly complicated to administer. They did seem to imply I could open another UBL ISA.

eskbanker

drspouse said:

As I want to save regularly can anyone recommend a good interest rate for an ISA with unlimited pay in? 
I think I can now open more than one cash ISA through the year, am I correct?

The only ISAs with time limitations on deposits are fixed term products, so if you want to keep adding contributions then you'll be better with an easy-access one, which you can indeed fund in the same tax year as the existing one:

https://www.moneysavingexpert.com/savings/best-cash-isa/#topeasy

clairec666

Almost all fixed term ISAs have a limited funding window, usually 30 days, after which you can't add any more. Barclays is unusual in that it has a "fixed rate" account where you can make deposits at any time and also make up to 3 withdrawals. But it's only 3.8% so you could do better with an easy-access account elsewhere.

drspouse

clairec666 said:

Almost all fixed term ISAs have a limited funding window, usually 30 days, after which you can't add any more. Barclays is unusual in that it has a "fixed rate" account where you can make deposits at any time and also make up to 3 withdrawals. But it's only 3.8% so you could do better with an easy-access account elsewhere.

This was only 10 days which I think is why I got confused - I think I'd read one or two more which were 30 days. 
I'm not bothered about taking the money out - but I want to be able to save through the year.

clairec666

Yeah 10 days is a bit unusual.
You might want to look at limited access ISAs - they're not obvious on the MSE "best ISA" page because it focuses on easy-access and fixed rate. Principality does a good one at 4.5% and allows 5 withdrawals. It's a much better rate than their fixed-rate ISA at 4%, although it could drop off during the year.

drspouse

DH has suggested Principality too - I'm going to give it a go!