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Halifax, A&L or Barclays?
unsaltedrhino
Posts: 75 Forumite
So I have the following three accounts;
Barclays 6.25% ISA (£3,600 max per year)
Halifax Regular Saver 10% (£500 max per month)
A&L Current Account 8.5% (on £2,500 in first year)
Now I know the usual advice is to fill the ISA first but even with tax isn't it more profitable to max out the Halifax 10% account or even the 8.5% A&L?
Thanks for any advice!
Barclays 6.25% ISA (£3,600 max per year)
Halifax Regular Saver 10% (£500 max per month)
A&L Current Account 8.5% (on £2,500 in first year)
Now I know the usual advice is to fill the ISA first but even with tax isn't it more profitable to max out the Halifax 10% account or even the 8.5% A&L?
Thanks for any advice!
0
Comments
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Halifax wins unless you're a higher rate taxpayer - in which case prioritise the ISA.
Halifax one is also fixed - so rate changes could affect this advice!0 -
Cool, that's what I thought thanks!
What's the threshold for the higher rate? £42k ?0 -
Over £34,800unsaltedrhino wrote: »What's the threshold for the higher rate? £42k ?0 -
plus £6,035 personal allowance0
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