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    • DoubleMaximum
    • By DoubleMaximum 13th Mar 17, 6:13 PM
    • 1Posts
    • 0Thanks
    Savings/ISA Newbie - Need Advice!
    • #1
    • 13th Mar 17, 6:13 PM
    Savings/ISA Newbie - Need Advice! 13th Mar 17 at 6:13 PM
    Hi all!
    Need some finacial advice, and thought here would be a good place to get it!

    I'm 31 years old - no debts (or student loans as I did not to go to University) with a healthy wage.
    I recently got a bonus of and, for once in a very long time, I'm able to stay out of my Overdraft and put at least £200 per month away. But I was thinking:-

    - I was thinking of getting Natwest's Help-To-Buy ISA as (one day) I'd like to buy my own place, or a Cash ISA (as it has the flexibility of taking money if I need to) and possibly do that with another bank? Given I've got no outstanding debts/bad credit, are there better places I go to get higher interest savings?

    - I've never had/owned a Credit Card ever, should I get one, even if I have no immediate plans to use one?

    Before I take next steps, I really want to see what else is out there in terms of making any savings I do work harder - apprecaite anything you all can offer

    Thanks all in advance!
Page 1
    • badger09
    • By badger09 13th Mar 17, 8:23 PM
    • 5,760 Posts
    • 5,228 Thanks
    • #2
    • 13th Mar 17, 8:23 PM
    • #2
    • 13th Mar 17, 8:23 PM
    Have a read of this

    HTB ISA is a good idea, look for the one paying the highest interest.

    Forget about a bog standard cash ISA. The best interest rates are on regular savers and some current accounts. Nationwide FlexDirect & Flexclusive Reg Saver are just about the best at the moment.

    Getting a credit card and managing it well is a good idea. Set up a direct debit to pay off the balance in full every month so you don't end up paying fees & interest on a missed payment, not to mention an adverse effect on your credit history.
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