We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

£1.5k to invest

i have just "acquired £1.5k", and have a mini cash ISA, however, my limit will be exceeded for this year if I deposit it.

Rather than leave it in my current account for a month, what is the best way to invest it till next month?

Also, the interest rates on my ISA arent "the best" (Britannia) so is it worthwhile looking into moving it?

Thanks

Comments

  • Paul_Varjak
    Paul_Varjak Posts: 4,627 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    First of all, make sure you use up all your cash ISA limit for this year. It hardly seems opening another savings account until 6th April - you would only earn about £6 between now and then on the full £1500 anyway. If you already have a savings account then use it until 6th April, then open another ISA based on the best payer on the site listed below:

    MoneySupermarket - Credit card, mortgage and loan calculator
  • First of all, make sure you use up all your cash ISA limit for this year. It hardly seems opening another savings account until 6th April - you would only earn about £6 between now and then on the full £1500 anyway. If you already have a savings account then use it until 6th April, then open another ISA based on the best payer on the site listed below:

    MoneySupermarket - Credit card, mortgage and loan calculator

    thanks, that was what i was expecting!! (the 1.5 is after using the balance left)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.