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Whats better? 6.5% taxed or 5.5% ISA?

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twr25
twr25 Posts: 4 Newbie
in Savings & investments
Im a standard rate tax payer, where is my money best kept (ignoring the long term benefits of an ISA)? Both rates are fixed for 1 year.

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    6.5% x 0.8 = 5.2% net of basic rate tax.
  • twr25
    twr25 Posts: 4 Newbie
    ISA it is then! Thanks.
  • twr25
    twr25 Posts: 4 Newbie
    Looks like Halifax have dropped their fixed rate ISA to 5.25% now :(
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    twr25 wrote: »
    Looks like Halifax have dropped their fixed rate ISA to 5.25% now :(

    Only if you have less than £30k.. (yeh I know!)
  • Hungerdunger
    Hungerdunger Posts: 964 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    twr25 wrote: »
    Looks like Halifax have dropped their fixed rate ISA to 5.25% now :(
    Have a look here. There are several institutions which offer better rates than the Halifax's.
    "The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Spam by zzagros reported...
    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.
  • POR_2
    POR_2 Posts: 30 Forumite
    Aegis wrote: »
    Spam by zzagros reported...

    Ah ... Dont be an old wet blanket, there are some great deals there!

    This is a money saving forum is it not? ;)
This discussion has been closed.
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