Splitting ISAs between fixed rate accounts

bgscotty

Hello.

I welcome a little advice on this world of ISAs.

I currently have 2 ISAs from previous year:

- £6500 at 5.76% in Kent & Reliance
- £3000 @ 5.3% in NS&I

Total= £9,500

I'm now looking to invest in a new cash ISA (£3600) for this year.


I'm kinda thinking of these options:

* invest £9500 in a fixed rate @ 6.15% (transfers-in) + invest £3600 in a fixed rate @ 6.25% (no transfers-in)

* invest £13100 in a fixed rate @ 6.15% (transfers-in)


Which of the two options above is likely to be more beneficial?

I'm not considering variable options.

I don't need access for at least a year to any of the money.

Thank you in advance.

BG

macca64

Your suggestions of £9,500 @ 6.15% and £3,600 @ 6.25% will make more interest than all at 6.15%.

debbie42

The difference is £3.60 for the whole year. It depends whether you think that's worth the hassle of opening two accounts?