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Which is better?

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steve_2-2

steve_2-2 Posts: 1 Newbie

28 January 2005 at 11:36AM in Savings & investments

Hi.
£150 a month to invest on a definite no risk basis. Which is better....put it in my maxi ISA (plenty spare capacity left) which will give me 4.49% and tax free withdrawal ...... or non ISA build society acc paying 5.35%. I'm a tax payer, Pt time earner of approx £13000.00 per yr?

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blinko Posts: 2,519 Forumite

28 January 2005 at 6:12PM

the maxi isa will give you more interest in this case

5.35 - 20% = 4.20 % odd

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