ISA vs online bonus saver - hsbc

kirsty000

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

simpleguy_blr

I think putting your money in the ISA be it standard or e-ISA would be better for the simple reason that its tax free, and its always good to fill up your ISA allowance before looking at other savings account.

Just to compare.
OBS - 5.19% (drops to 2.5% on any month you make a withdrawal)
Cash e-ISA - 6.08% (Tax Free)
Cash ISA - 4.17% (starting rate, slab system) (Tax Free)