Post Office Online ISA

A question about : Post Office Online ISA

Post Office has launched an ISA account, where it allows customers to deposit/split their annual allowance across both an easy access (variable rate) ISA and a fixed-rate ISA, in one account.

For example, the customer can put Ј5000 in the easy access ISA account, and Ј10,000 in a fixed-rate ISA.

More details on how it works: https://www.postoffice.co.uk/savings-accounts/online-isa

Best answers:

• For info - this facility is also available with Newcastle BS and Nationwide BS
• Correct, but Post Office and Newcastle BS has a product to cater for it. Within that one product, you can hold an easy-access and a fixed rate ISA.
  Other financial providers like Nationwide, allow you open two separate ISA products. They will report is as one allowance.
• If you want instant access then you can't beat current accounts at the moment.
  If you want to tie your money up for 5 years plus then wouldn't S&S ISA make more sense than cash?
• According to this article other providers besides Post Office, Newcastle BS, and Natiownide offer it too. https://www.moneysavingexpert.com/new...w-to-open-both
  Shame that RBS/Natwest, Barclays, HSBC, Co-op, Santander, Lloyds, and TSB, don't allow this. Hope they do in the future.