Crosswords0 min ago
Isa`s
12 Answers
this is probably a silly question but can someone tell me if i can carry on paying into an isa the folowing year after using the allowance for the previous year or does one have to get a newCASH isa?
Answers
Best Answer
No best answer has yet been selected by gouldthorp. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It's not a straight forward yes or no answer - it all depends. I've got an ISA that's fixed for 3 years and in that time, I cannot add to it .... it's all part of the terms and conditions of the ISA.
If it's a variable rate ISA, then I'd guess that you'd be able to add to it. If it's a fixed rate for a fixed term, then it's quite possible that you might not be able to add to it - you'll need to ask your provider for a definitive answer.
If it's a variable rate ISA, then I'd guess that you'd be able to add to it. If it's a fixed rate for a fixed term, then it's quite possible that you might not be able to add to it - you'll need to ask your provider for a definitive answer.
Just remember with the Santander account, that you get nothing on balances up to £1k, 1% on balances £1k - £2k, 2% on balances £2k - £3k and 3% on balances £3k - £20k .... so if you don't put much more than £3k in, the effective rate is quite a bit less than 3% .... plus there's a £2 per month charge .....