Which is the best way to save Cash ISA or regular savings account

adam1382

Hi,

I want to start saving some money each month. Ideally this will be for a deposit on a flat for myself. But in general I just want to start putting some money aside each month so that I have something to fall back on if needs be.

I've been reading the savings account area of MSE but would really appreciate some advice on which is best to go for.

My current account is with A&L/Santander and I was looking at the Santander Cash ISA that offers 3.2% interest, or the alternative which is the first time buyer savings account from Santander which offers 5%. I think the latter savings account needs a minimum of £100 put away each month which I might not always be able to stretch to.

I basically want a savings account that is easy to access, is ideally manageable online through which I can easily transfer money from my current account to each month. Would I be right in saying the Santander 3.2% cash ISA is my best bet?

Or is there something else out there that anyone else can suggest to me?

Any help will be much appreciated...

Thanks,

Adam

xrjtg

If you can't meet the requirements of the First Home Saver then steering clear seems sensible. The Santander ISA is certainly not a bad option. There's a list on the ISA board of the best available now:

https://forums.moneysavingexpert.com/discussion/401374

If the regular saver from Stroud & Swindon is too inflexible then the Santander ISA looks pretty good.

adam1382

Thanks for the advice, I think I will probs go for the Santander ISA. But I'll have a look at that list and weigh things up.