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Can i have two isa accounts in two different banks? |
Can i have two isa accounts in two different banks? Most definitely not...if you are referring to mini cash Isa Yes you may. Did you mean to ask about IRAs? If so, the answer is yes. You can have as many IRAs as you want. Just keep in mind that the annual contribution limit is per taxpayer and not per account. In other words, you can't double your contribution limit by opening a second IRA at another financial institution. you can but you can only put in 3000 in total in each account during each tax year Definitely no. You can only open one Isa a/c with one provider in any financial year. Once you open it however, you can transfer it to another provider. You can not have two cash ISAs in the same tax year. You can, however, have a cash ISA with one and a stock mini ISA with another in the same year. If however you have a 'maturity ISA' which you can not add any extra capital to after this year, you can open another ISA either at the same bank or elsewhere in the next tax year and keep last years earning the tax free interest. No |
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