e-saver or ISA

james3333

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

ReportInvestor

You've sussed it .

Not everyone else has.

james3333

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!

james3333

!!!!!!, cant do it over the phone...
i have to go into a branch!:mad:

macca64

What rate will you be getting on the Barclays ISA? Check the articles on this site, to find the current best buy.

james3333

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

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.