I thought I could now open two ISAs of the same type. But my bank said no

? Email in and we’ll get one of our experts to reply. Anna Bowes, co-founder of Savings Champion, has given her guidance to a reader below. If you have a question for our experts, email us at

Previously you could only open one of each type, unless you had opened what is known as a “portfolio ISA”. This rule was introduced in 2016 and what has become clear is that it is still a useful option for many savers – but few providers have introduced it, even though it’s been possible to do so for eight years.

But that’s not necessarily the case. Whilst many will allow you to open an ISA with them even if you have another with someone else that you’ve opened this tax year, this doesn’t mean they have adopted the “portfolio ISA” rule, so you may not be able to open more than one ISA with them – and it looks like this is the situation in this case.

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