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Isa?
snowball1_2
Posts: 103 Forumite
Sorry to ask such a stupid question lol
Thinking of opening up a cash ISA and setup a standing order to credit it every month. The money I put into the isa is it safe? I know the interest will vary but is the actual money I put in safe?
Cheers...
Thinking of opening up a cash ISA and setup a standing order to credit it every month. The money I put into the isa is it safe? I know the interest will vary but is the actual money I put in safe?
Cheers...
0
Comments
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A cash ISA is like any other savings account: covered by the FSCS up to £35k per person per banking institution, and safe unless the bank actually goes bust. So yes, it's pretty safe.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 -
If the bank goes bust, then dont I get my money back anyway if its under 35k?0
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