£500 - where to start

ste1200

Hi, I currently have £500 to put away, preferably in an ISA. I don't really need instant access, but I would like to be able to add to this amount through the year. Is this possible ? Also, can you advise the best possible deal at the moment ? I've tried looking myself, but I'm new to this and find it a bit complicated at the moment.

Thanks
Steve

Baldur

ste1200 wrote: »

I currently have £500 to put away, preferably in an ISA. I don't really need instant access, but I would like to be able to add to this amount through the year. Is this possible ? Also, can you advise the best possible deal at the moment ? I've tried looking myself, but I'm new to this and find it a bit complicated at the moment.

Most variabke rate Cash ISAs allow you to make additional deposits (up to your annual Cash ISA allowance of £3,600).

For examples, see the following comparison sites:

http://www.moneyfacts.co.uk/savings/bestbuys/mini-cash-isa.aspx

http://www.moneysupermarket.com/isa/CompareIsasForm.asp

ste1200

Thanks, it looks like the Scottish Widows one @ 6% will suit me.

ste1200

According to the money saving expert comparison link, the minimum deposit was £10.00. When I go on to the Scottish Widows website, it says it is £1000.00. I'm a bit confused

Baldur

ste1200 wrote: »

According to the money saving expert comparison link, the minimum deposit was £10.00. When I go on to the Scottish Widows website, it says it is £1000.00. I'm a bit confused

Don't know where you're looking, the Scottish Widows site says:

Minimum balance just £10

ste1200

cheers, must of been looking at the wrong bit.