Student Savings

elpearlfish

Hi there all

I just wondered if anyone knows if as a student with a small amount of savings, is it still best for me to invest them in a mini cash ISA?

Emma

grumbler

Welcome to MSE!

Cash ISAs pay iterest tax-free.
Generally, if you are not a taxpayer cash-ISA is good for you only if you are going to keep saved money untill you become a taxpayer. Although the best ISAs offer now 5% interest rate, you can get about the same rate with many instant access saving accounts, mainly online saving accounts linked to current accounts, that are more easy to operate and don't have restrictions peculiar to ISAs.