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Can My Wife and I Join Our Two ISAs Together

by Jim ONeil on May 17, 2011

in ISA's Individual Saving Accounts

The answer to this question is actually right in the name of the account. ISA accounts are Individual Savings Accounts. Unlike many other investment types, combining this particular savings account with a spouse is not allowed.

While it would be nice to join efforts and increase your ability to earn, this is unfortunately not an option at this time.

Even though this is not an option, you may still be able to increase your earnings on your current ISA. Some accounts offer a bonus rate or increased rate with higher balances. To take advantage of this, an investor can top up their account in order to meet the increased interest threshold.

If you do not have enough funds to meet the next earnings threshold, consider transferring the ISA out when it matures to another provider offering higher rates. Investigate to see if there are any bonus rates available.

While you may not be able to top up the account this year, doing so next year may prove to be fruitful if a bonus rate is available.

At worst, you are increasing the current earning potential of the existing ISA.

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