Quick ISA technical question

EmmaJ_3

I have a graduate current account with a £2k interest-free overdraft and operate in deficit banking; over the past 6 months I've put £2500 into (all during 07/08 year) an ING ISA at 6.5% for 6 months. That just came to an end and I've transferred it to a new Icesave at 6.1%.

Now, I have £2400 from stoozing to add to the IceSave ISA, however I'm also likely to have to withdraw £500 from it soon as the graduate overdraft will probably decrease by that much.

I'll also be adding more savings to it over the next year 08/09 - my question is will I have £1200 limit left (£3600-2400)?? Or will withdrawing the £500 affect how much I can then put back in, although I haven't yet made any deposits in 08/09 apart from the initial transfer from ING?

I know this is a simple question just don't want to get this wrong!

Baldur

You will be able to deposit another £1200 - withdrawing the £500 merely means that you can't replace that amount.