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Cash ISA help

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ramasus | 13:39 Thu 19th Jun 2008 | Business & Finance
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I have a cash ISA with First Direct, and have for a few years. I have not made any payments into it this tax year.

I want to open a new cash ISA up with Egg, and pay my full allowance of �3600 into it from other non ISA savings.

If I don't put any money int the First Direct ISA this tax year, am I allowed to do this and have two cash ISA accounts with different providers?

Thanks

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You are allowed to hold more than one ISA at a time but can only contribute to one in a tax year. So yes you can open an Egg ISA and put in the full allowance.

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