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alastair_h

mr_fishbulb wrote: »

Can you add to that during the year?

E.g. can I open the ISA with £1000, transfer in my £9K from another ISA, and still be able to add another £2000 throught the year?

Or once you have opened it, you can't add more?

Yes you can, one thing to bear in mind is you only get 6.5% over £9k. Below that the interest is tiered and not very good. Also your fixed 1 year starts from when your money is paid into or transferred into the account - to get the best bang for your buck it may be better transferring in £9k adding another £1k then then topping up with £2k6 over rest of the tax year. See below opening with £1k wouldn't be very good.

The account is open until 31st May 08, so you probably have enough time to add £1k to your current £9K and transfer the lot in, then add to it. PS- cash ISA limit is £3,600 for 2008/9.

http://www.lloydstsb.com/rates_and_charges/savings_rates_a_to_o.asp#frisa

Fixed Rate Cash ISA

Amount InvestedAER/Tax-free (per annum) %
£9,000+6.50
£6,000+5.15
£3,000+5.00
£1+0.00

mr_fishbulb

alastair_h wrote: »

Yes you can, one thing to bear in mind is you only get 6.5% over £9k. Below that the interest is tiered and not very good. Also your fixed 1 year starts from when your money is paid into or transferred into the account - to get the best bang for your buck it may be better transferring in £9k adding another £1k then then topping up with £2k6 over rest of the tax year. See below opening with £1k wouldn't be very good.

The account is open until 31st May 08, so you probably have enough time to add £1k to your current £9K and transfer the lot in, then add to it. PS- cash ISA limit is £3,600 for 2008/9.

http://www.lloydstsb.com/rates_and_charges/savings_rates_a_to_o.asp#frisa

Fixed Rate Cash ISA

Amount InvestedAER/Tax-free (per annum) %
£9,000+6.50
£6,000+5.15
£3,000+5.00
£1+0.00

Cheers Alastair. I've already opened a cash ISA this year, so I'm looking for next year's option - good to know it's open until the end of May.

Forgot about the increase to £3600 next year