Heres My Dilema
Quietgirl
Posts: 230 Forumite
Hi,
I am in the process of having driving lessons and saving for a car. I have multiple savings all in different places, upto nearly £2000. I have a Bradford & Bingley 10% Christmas Saver which matures on the 1/12/06. I also have a Family 1st account with the Coventry Building Society which pays monthly interest. A Halifax Regular Saver, and a goverment savings gateway account which matures around 15/12/06. When all these mature I am torn between either putting the money into my A & L ISA which has the bonus interest. But I am thinking that I do not want to use up my ISA allowance for this year if I use the money to buy a car after I hopefully pass my driving test. So I am thinking of putting it into the Family 1st account which pays me monthly interest I am thinking that this way I will have more money by getting the interest monthly to spend on a car.
What would you good people suggest I do? Am I thinking along the right lines or not?
Quietgirl
I am in the process of having driving lessons and saving for a car. I have multiple savings all in different places, upto nearly £2000. I have a Bradford & Bingley 10% Christmas Saver which matures on the 1/12/06. I also have a Family 1st account with the Coventry Building Society which pays monthly interest. A Halifax Regular Saver, and a goverment savings gateway account which matures around 15/12/06. When all these mature I am torn between either putting the money into my A & L ISA which has the bonus interest. But I am thinking that I do not want to use up my ISA allowance for this year if I use the money to buy a car after I hopefully pass my driving test. So I am thinking of putting it into the Family 1st account which pays me monthly interest I am thinking that this way I will have more money by getting the interest monthly to spend on a car.
What would you good people suggest I do? Am I thinking along the right lines or not?
Quietgirl
0
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