Everything you need to know about Cash ISAs

[@notwkrail]

If you have 20k in cash isa with 212 can u not move money into stocks and shares isa and vice versa

[@showmethe1]

Yes, you can move between the 2 without any penalty.

[@rodrigoms75]

Cash ISAs?? ... I am thinking about ETFs for 20 years. So should I use the 212 Invest account instead or Stocks ISA?

[@NightElff88]

No, only use the Invest account if you have already maximised the Stocks ISA allowance for the current tax year.

[@rodrigoms75]

⁠@@NightElff88I did not get that difference, sorry. For 20 years I can get similar or better results by using Invest ISA.

[@James-zu1ij]

You will pay tax on you invest account and its not protected.

[@simonebruschi9793]

Cash isa earns you an interest of 4.9% with T212 at present so quite good. Especially if you need the money within 1-5 years. You do not pay taxes and it is protected up to 85K of cash. Long term (more than 5 years), it will probably perform worse than a common globally diversified ETF in a stocks and shares ISA.

[@craftyrouze]

Doesnt matter how many years you are planning to invest. The input limit is for a single year. It resets the next year and so on