New 2026 - 2027 ISA

NebulaNova

Hi, I was going to go with Plum and open an account with them next week as their rate was about 4.66% however it has now gone down.

Am I able to open an ISA today to secure a rate and then add funds to it on Monday 6th April? Or will opening it too early cause issues?

Thanks

Ayr_Rage

Possibly, it depends entirely if the provider offer a rate guarantee and a funding window.

You'll have to do your homework.

Malchester

I have done that with 3 ISAs in preparation to choose next week or go for a different one altogether when 6th comes. Just check the deposit window takes you past 6th or 7th April

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81945715#Comment_81945715

Do you have to deposit in a certain amount of time? I should think they'd allow at least 7 days.

Can I add funds on the 6th or should I wait until the 7th?

Thanks

Malchester

https://forums.moneysavingexpert.com/discussion/comment/81945833#Comment_81945833

Different institutions have different timescales for funding from maybe 7 days to 30 days. The ones I have opened have 30 days. As for funding on 6th or 7th, 6th is a bank holiday so, whilst some will receive the funds on the 6th, others will receive it on the 7th. My funds are, at the moment, going to Saffron BS Online ISA which I opened before it was removed and I will send them on 6th, some from Ulster Bank Limited Saver and some from Kent Reliance Easy Access Account, both of which have payments sent on bank holidays. They may be credited to Saffron BS on 6th or 7th. It seems a bit hit and miss with them as to whether payments are credited on weekends and bank holidays.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81946203#Comment_81946203

If you're saying you're sure that some credits have been made on non-working days then the entry here maybe needs annotating...

https://forums.moneysavingexpert.com/discussion/6647296/the-faster-payments-cut-off-times-list/p1

Malchester

https://forums.moneysavingexpert.com/discussion/comment/81946318#Comment_81946318

Yes. i have a Hodge fixed rate acct with monthly interest paid to current acct. Whatever day of the week the interest payment is it is sent to current account that day and shows on the account. However a Coventry BS account only pays interest to my current account on the first working day after interest due

subjecttocontract

https://forums.moneysavingexpert.com/discussion/comment/81946203#Comment_81946203

PBS funding has to be done in 5 business days.