We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
Advice Needed

needmoremoney_4
Posts: 2 Newbie
Hi all you fine people.
I need some advice on what to do.
im paying £100 a month into a cash ISA, and £200 a month into a Natwest investment ISA.
At the moment i have around about £1200 in my cash ISA , and £1800 in my Investment ISA, im saving up for a deposit onto a house, is it safe to keep my money in the Natwest investment ISA or take it out , if out where would be the best place to invest it,
Thanks
I need some advice on what to do.
im paying £100 a month into a cash ISA, and £200 a month into a Natwest investment ISA.
At the moment i have around about £1200 in my cash ISA , and £1800 in my Investment ISA, im saving up for a deposit onto a house, is it safe to keep my money in the Natwest investment ISA or take it out , if out where would be the best place to invest it,
Thanks
0
Comments
-
what type of investment isa is it and what kind of returns are you getting, with all investments there is a risk with cash isa there is no risk.
so for no risk go to the cash isa
for risk but potential more returns go to the investment
or you could have it as it is at the moment and have a little bit of risk offset by the stability of your cash isa.
also another piece of advice if you can try and usa up your 3000 limit on your cash isa by april as they are going to bring the limit down appearantly in 2007 april.0 -
An investment ISA with natwest is heavily charged and the funds are not exactly desirable.
A fund supermarket through an discount IFA would be more attractive as the charges would be much lower and you would have a wide range of fund managers and not tied to one company.
If you think of a scale of 1 to 10. (1 low risk, 10 high risk) then investment isas cover areas 4 to 10). Depending on timescale and your personal attitude to risk you would either not invest in an investment isa or pick a portfolio of funds which matches your view on risk.
If you decide to stop paying high charges with Natwest, then do not withdraw the investment ISA but transfer it. However, if you have a MAXI ISA with Natwest, you may have limitations on what you can do. If it is a MINI, then your options are more straightfoward.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks for the advice,0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.4K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 241K Work, Benefits & Business
- 617.4K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards