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e-saver or ISA

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iam opening an ISA with barclays, £100 per month going in.
i also have £550 in an e-saings account with barclays... is there any reason i shouldnt put this £550 into the ISA TO EARN INTEREST TAX FREE.
i assume its better in the ISA, correct?
if so, why would anyone want an e-savings account, just for people who want more than £3000 per year ?
cheers

Comments

  • You've sussed it :).

    Not everyone else has.
  • james3333
    james3333 Posts: 752 Forumite
    once again report investor you've sorted it for me....
    .....( picks up the phone to speak to barclays and arrange the ISA !)

    thanks very much!
    :D:D:D
  • james3333
    james3333 Posts: 752 Forumite
    !!!!!!, cant do it over the phone...
    i have to go into a branch!:mad:
  • macca64
    macca64 Posts: 286 Forumite
    Part of the Furniture Combo Breaker
    What rate will you be getting on the Barclays ISA? Check the articles on this site, to find the current best buy.
    2014 running challenge 587.4 miles / 250 miles
  • james3333
    james3333 Posts: 752 Forumite
    thanks guys
    gonna sort it at my local branch asap
    if i need it out, then so be it, but its not the end of the world.:money:
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The other reason not to use the cash ISA is if you want to put more than 4000 into stocks and shares, which are likely to get you better returns over the long term. If that doesn't apply, go for an ISA.

    The highest interest rate available today requires a 3000 initial deposit or transfer and is 5.75% from Ruffler Bank, potal only. The next highest is 5.3 from NS&I.
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