Cash ISA's

[joinerman]

I opened a cash ISA back in August 2014, now we are in the new tax year can i open another one ? ie have two ISA's running.

 

[desertstorm]

I don't think a car forum is the best place to ask for financial advice.

https://www.moneyadviceservice.org.uk/en/articles/cash-isas

 

[15audis3]

Yep you can have multiple ISA's, add more to your existing ISA, or you can transfer your existing one into one with a better rate + still get the full £15,400 (I think) or whatever the limit is this year.

 

[joinerman]

Thank you Chrise, that's just what i needed to know.

Desertstorm. is this not a general chat section ?

 

[DieselJake]

I'm no finance wizard but theirs better ways to invest, interest on savings is rubbish now.

 

[jojo]

I'm no finance wizard but theirs better ways to invest, interest on savings is rubbish now.

This depends on how much saving you have, and whether you have time or not? ISA's is tax free though, so a no brainer for many.

 

[Dub2Dub]

ISA is quick easy and risk free (unless it's an investment ISA). returns are **** but safe holding, I get about £15 a month on £15k