ISA Question

Lob_Marley

Hi all,

When I was working (pre University) I opened an ISA with Halifax (at the request of my dad!) and deposited a large amount monthly.

I now have over 7k in there.

I do need access to the money, so don't want to tie it up - but what should I do with it to gain interest?

Thanks.

opinions4u

Transfer it to an ISA with a better rate (using the official ISA transfer proces).

If you're feeling lazy about it, ask Halifax to put it in to their 2.6% online option.

jamesd

It looks as though there's no prospect of the annual ISA contribution limit affecting you so how about 8% taxable from the First Direct regular saver account, paying in up to £300 a month for a year. Can vary each month and catch up on missed amounts. That'll peak at £3600 in the final month. There are other regular savers around that don't pay as much.