Cash ISAs - are you allowed to have more than one?

[Beads]

Thank you!

[dzug]

Yes - you can open a new one every year and keep the old. You can only contribute new money to one each tax year.

[Beads]

Thx v much :)

[Whoever]

Just to add - you do not have to take out an ISA with the same bank or provider every tax year. You can have a different provider each year but first check that you are getting a competitive rate, and whether there are any penalties for transferring to another provider later if they are sneaker enough to reduce the rate once they've enticed to invest with them.