New Saver who needs help please!

PrincessBubba

Hi All,

I am brand new to the site. I have visited a few times and read through but this is my first post.... I need help please! I am saving for a 2011 wedding and can save between 200-350 per month, plus extra here and there. I am really confused as to whether to open an ISA or a savings account...

If I open an ISA which is the best? I am a LLoyds TSB customer and am impressed with their current account and general customer service, but not sure their ISA is the best. I have had problems with Barclays and NatWest in the past so don't want to go there.

Alternatively should I open a high interest savings account?

Oh we have just started saving so opening amount would be very small, or £300 after payday

Confusion is reigning supreme at the moment!!!

Please help me money saving experts!

xxx

Farway

ISA is best in way, as the interest is tax free, which will help with the weddding, best buy ISA, it can be tricky as some offer a bonus, have you looked at Martins list?

High interest accounts are an easy option, as you can pick & choose and your money is available if you need to rate tart it elsewhere abit sharpish

So, get a cash ISA, and use a high interest account for top ups

As a rule of thumb you can be sure all high street banks offer lower ISA and savings rates than Building Societies or on line of shore ones, like the Icelandic ones for instance