You can have more than one cash ISA in a single tax year, but only one with Shawbrook. The ISA allowance for the 2024/25 tax year is £20,000, which you can split across ISAs, including cash ISAs.If you're splitting your ISA allowance over several ISAs, the maximum deposit across all of your accounts is £20,000.
Our cash ISA maximum balance is £250,000 so you can transfer other ISA balances into your new Shawbrook ISA up to £250,000. You only can transfer a cash ISA balance to your Shawbrook ISA when you open the account.
#If these balances are from previous tax years, they do not count towards the £20,000 limit in the current tax year 2024/25.