ISA for small anount of savings

m0rgana

Hi all

I pulled most of my savings out of my savings account recently as I get a much better rate of interest with Lloyds vantage current account. But I have kept back a £500 'rainy day fund' just for the sake of not having everything in one place.

I still get naff all interest in that savings account though so thought I might as well switch to an ISA now. Are they much of a muchness or can anyone recommend a really good one right now for this modest sum?

thanks,
M

xylophone

I pulled most of my savings out of my savings account recently as I get a much better rate of interest with Lloyds vantage current account.

Even after tax?

m0rgana

xylophone wrote: »

I pulled most of my savings out of my savings account recently as I get a much better rate of interest with Lloyds vantage current account.

Even after tax?

No idea, which is why I'm asking. Since this was a normal savings account it was also taxed but I am assuming an ISA will be better, hence the question!

Saints2011

Have you looked at the Banking & Savings section at the top of the page?

If you havent got a ISA certainly look at filling your quota before 5th April, as you will get a new tax free allowance after the 6th April. See the link up top for more information on products

xylophone

If you are a standard rate tax payer and the net interest received on your Lloyds account is less than you would receive in an ISA, then you need to put as much as possible in the ISA rather than just the £500 you mention? http://www.moneysavingexpert.com/banking/
http://www.moneysavingexpert.com/savings/best-cash-isa#whatis
http://moneyfacts.co.uk/compare/savings/accounts/search/