i have £1000 where what should i do with it????

missscousemouse_2

hi all, ive been squirreling away money in my current account for a while and have £1000 that i want to put somewhere. im pretty clueless when it comes to an isa and savings accounts etc so would really love some advice. im a single mum and i get tax creds and working tax creds as well as working so could put small amount away each month too but really want to know what sould i do with the £1000 ive no plans to use it for anything i just want a little next egg and feel its useless sitting in my current account
many thanks xx

[Deleted User]

I'd suggesting reading this page first.

In short, fill up an easy access cash ISA (not a fixed term ISA) to maximise not paying tax on the interest accrued - currently Santander, 3.3% AER

Regular savings accounts tend to impose withdrawing restrictions (not all) so may or may not be for you...

lazer

I think the best suggestion since you don't know what to do with it is....

Give it to me??

Seriously - Easy access cash ISA, think the best is currently Santander

missscousemouse_2

lol thanks for replies so an easy acess one id be able to get some out if needed?

[Deleted User]

missscousemouse wrote: »

lol thanks for replies so an easy acess one id be able to get some out if needed?

Correct - I'd suggest reading those links too so you have a fuller understanding of your available options...