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This year's ISA for me & the mrs
Robie
Posts: 150 Forumite
What should I do with this year's ISA allowance for both of us?
Put some away in a cash ISA (paying about 3.2%) or go into S&S ISA but choose very low-risk funds (bonds, etc)? Over the years, which would prove better? I am sure the interest earned would be between 3-4% whichever I choose. But, I am looking for a safer option.
For example: Would I not be better off putting away say £5100 in a Nationwide Bond earning 4.75% for 5 years rather than put same amount in a low-risk S&S ISA? Would the interest not work out similar at the end of 5 years?
Thanks.
Put some away in a cash ISA (paying about 3.2%) or go into S&S ISA but choose very low-risk funds (bonds, etc)? Over the years, which would prove better? I am sure the interest earned would be between 3-4% whichever I choose. But, I am looking for a safer option.
For example: Would I not be better off putting away say £5100 in a Nationwide Bond earning 4.75% for 5 years rather than put same amount in a low-risk S&S ISA? Would the interest not work out similar at the end of 5 years?
Thanks.
0
Comments
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Read some of the threads on the ISA specific forum http://forums.moneysavingexpert.com/forumdisplay.html?f=180
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