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!
ISA 2026/27
May sound a bit dim but I've opened an ISA in June 2026 (£20k), will I get the same interest rate until June 2027 or will the new £12k allowance in April 2027 make any difference?
Comments
-
Is it a Fixed Rate ISA? If so the rate is fixed for the duration of the ISA.
Next year's funding limit change has no effect whatsoever.
2 -
The £12K is only a limit on new contributions from next tax year, and has no effect on any current ISAs rolling forward, whether they are £20K or £200K .
1 -
Whether you get the same interest rate until June 2027 very much depends on what type of ISA it id. If it's a fixed rate then yes you will but if it's an easy access ISA then it can go up and down depending on the BofE interest rate. Your £12k next year will be the same
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards