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ISA vs Online Bonus Saver
kirsty000
Posts: 211 Forumite
Just wondering if anyone can help me out. I have an ISA and Online Bonus Saver with HSBC. Im wanting to save regular, put a small amount in each week and im not wanting to touch it for over a year. Which one is the best one to use? The amount im saving wont be loads, probably just £15 or £20 a week to start with.
Thanks
Thanks
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Comments
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If you haven't already, open the cash e-ISA and use that. 6.25% tax free is excellent for savings.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Ahh, true. With the desire to not touch it, a regular saver might be best.sloughflint wrote: »Normally I'd agree but if money is going to be accessed in a year, why not open an A&L current account for a year ( not worth keeping) and an associated regular saver @12% which is 9.6% net if basic rate tax payer?
http://www.alliance-leicester.co.uk/savings/premier-regular-saver.aspx
The downside looks as though you have to choose a fixed monthly amount to pay in.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0
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