Opening 2 Cash ISAs with Transfers

[DrFfybes]

This year I have 2 Cash ISAs coming to maturity.

For various reasons I want to keep them separate and I would like to put one in Halifax 5yr at 2.25% and the other into Aldermore 3 yr at 2%. No new money would be added to either.

As both these are transfers, do I still fall foul of the "only open 1 per year" rule, or does this only apply to new money?

thanks

Pauk

[gryffron]

The wording of the rules can be confusing. You can only pay "new money" into one cash ISA per year. You can open as many as you like for transfers.

Many links on the web confirm this. E.g. http://www.thisismoney.co.uk/money/expe ... other.html

Gryff

[DrFfybes]

Many thanks Gryff,

I did a fair bit of searching but all I could find on the first 3 or 4 pages of results were links saying I couldn't, or adverts for ISA providers. Obviously I needed to refine my search terms better

Paul