How much can you save?

born_again_saver

I'll be putting in as much as I can in the new tax year, then topping it up regularly until it's full. Then the surplus for the rest of the year will go into a regular saver, ready for the following year's ISA. By doing this each year and saving more I may eventually be in a position to max out a future ISA from the outset :T

paulboy83

I'm the same as born again saver, as much as I can as soon as I can. I'm not yet in the position to max it out in april yet but i'd like to be there in about 3 years time or so... I got about half way this year and i'm pretty impressed with myself!!! And there is still another payday before isa day too

stacy

ah thankyou for the replies, is there any particular isa's u reccomend? im looking at the ice save looks pretty impressive with its interest rates.

BabyDragon_2

It's only been over the last year or so that I've had money to save but I've maxed out this years and I will max out next years at my earliest convenience too

stacy

wow how do you all manage to get £3000 together in one go? think im goin to save £3000 before i open an isa,then i can get max interest. and while im saving for that i can pay off my cc's at the same time. man i wish i still had my savings from last year.....ill get there again and keep it that way this time!!

BabyDragon_2

Stacy, for me personally, I have been in debt ever since I started working back in '95 and got my first credit card!! Debt at £10k at it's highest and I've never been able to save during that time until I recently sold my house for a tidy profit - Now I am able to save hence I also have the lump sums to fill an isa up.

gelato_cat

Another Isamus Maximus here

I save more than £3k a year, so always have enough to put away on 5th April. Conveniently enough, I save exactly this amount in my Halifax Regular Saver, which matures March 27th each year - just in time to shift it into the next year's ISA (it was even more convenient when my ISA was with Halifax but then it became really uncompetitive).

I need to re-evaluate my ISA savings though. I opened a new one last year with Egg, the year before went with NS&I and have about £27k with Yorkshire Building Society. I'm tempted to give the whole lot to Icesave.

I always approach mid-March to the beginning of April with some trepidation - I'm excited about the new ISAs but also dread the inevitable delays in opening/transferring accounts. Last year I learned a valuable lesson: never go with Barclays!!!

Suze

save-a-lot wrote: »

Quick question, who max's out their ISA immediately from funds already saved up? and who saves into their ISA as a regular payment throughout the year?

I tend to max it instantly in April. Then forget about it.

stacy

BabyDragon wrote: »

Stacy, for me personally, I have been in debt ever since I started working back in '95 and got my first credit card!! Debt at £10k at it's highest and I've never been able to save during that time until I recently sold my house for a tidy profit - Now I am able to save hence I also have the lump sums to fill an isa up.

ah well, well done for being where u r at now!! hopefully i can join all u lot properly soon,hope by the time ive saved £1000 ice save will still be doing the gd interest rate they got now id rather hav £3000 to pay in straight away but hey mayb next year well keep up the savings everyone!!!

save-a-lot

stacy wrote: »

ah thankyou for the replies, is there any particular isa's u reccomend? im looking at the ice save looks pretty impressive with its interest rates.

Try here Top Cash ISA's article

save-a-lot

Or this thread: Mini Cash ISAs: The Best ISAs currently available List

The good thing with this thread is that Post #1 is maintained with the latest updates, so no having to look at all the posts.