Having 2 ISA's with Nat West

Radio99

I already have a 1 year fixed rate ISA with Nat West. I opened it at the end of last year & it matures in January 2027. Nat West say on their website "You can open and subscribe to one Cash ISA (Cash ISA or Fixed rate) with us per tax year". I realise that the previous ISA was opened during the previous tax year, but it spans the current tax year. Does that prevent me from opening another ISA right now, as that would mean subscribing to 2 ISA's in the same tax year with Nat West?

JGB1955

You have only added NEW money in 2025/6 so, nothing to stop you opening another now with NEW money (2026/7).

Radio99

https://forums.moneysavingexpert.com/discussion/comment/81953577#Comment_81953577

Yeah. That's what I was thinking. It was the words "…and subscribe…" after the word "…open…" that had me thinking. As I will be subscribed to 2 ISA's with Nat West in this tax year.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81954957#Comment_81954957

The fact that you'd concurrently have two ISAs with them doesn't mean you'd be subscribing to two in the same year, as the latter term specifically relates to paying new money in…

Albermarle

You can open and subscribe to one Cash ISA (Cash ISA or Fixed rate) with us per tax year"

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In addition this rule about one cash ISA a year, is a Nat West Rule. Some other providers are happy for you to subscribe to more than one cash ISA with them in one tax year.