I know it is possible to transfer your old ISA to your new provider. However, as nearly all ISAs with the best rates drop their interest rate after a year or so, I've always transferred and have ended up with a large proportion of my savings with one provider. Is it possible to open two cash ISAs in a year and do partial transfers to both? E.g. say I have 10k in my ISA at the end of this tax year, can I open two cash ISAs and transfer in 3k to one and 7k to the other, then only put new funds in the 3k one in the 2012-13 tax year?
This isn't to avoid the 85k guarantee limits - I'm not that wealthy. It's just that I am not comfortable having such a large proportion of my savings with one provider.
Edited by europbaron, 03 April 2012 - 08:36 AM.