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Put £1,000 into ISA or savings account?
Aaagh
Posts: 181 Forumite
I have been paid for some overtime I did over the year and have around £1,000 on top of my usual in my current account (First Direct).
What is the best thing to do with it? I have an Egg ISA and am nowhere near the limit and also an Alliance and Leicester Savings account currently with nothing in it. The savings account will be higher interest but obviously I'll be taxed on it.
I won't need access to the money in the near future, although we are thinking of doing a little bit of decorating/putting doors in next year. We may be able to cover this without dipping into this money but might need to.
What is the best thing to do with it? I have an Egg ISA and am nowhere near the limit and also an Alliance and Leicester Savings account currently with nothing in it. The savings account will be higher interest but obviously I'll be taxed on it.
I won't need access to the money in the near future, although we are thinking of doing a little bit of decorating/putting doors in next year. We may be able to cover this without dipping into this money but might need to.
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