Working in the financial industry for over 30 years, Rachel Thrussell is the leading independent expert on UK savings products. Her views are constantly in demand from both the industry and the press.
Is it possible to invest in stocks & shares with a Lifetime ISA? And can you transfer to different providers, as with normal ISAs?
The answer to both questions is yes. With a Lifetime ISA, you can invest in either cash or stocks & shares, although it’s worth noting that there are only five cash Lifetime ISAs currently available.
While savers can have more than one Lifetime ISA, it is not possible to open more than one in the same year. So, you could open a cash Lifetime ISA one year, and a stocks & shares one the next year.
Transfers between providers are also possible, so you can switch to accounts that perhaps offer better rates, more fund choice or lower charges.
|1 Year Fixed Rate Bond||1.11%|
|2 Year Fixed Rate Bond||1.17%|
|3 Year Fixed Rate Bond||1.29%|
|4 Year Fixed Rate Bond||1.41%|
|5 Year Fixed Rate Bond||1.47%|
|31 March 2020|
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