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
Help needed with Interest rates!!
helenrowland
Posts: 29 Forumite
Hi
I need help with my maths!
I'm trying to work out which is better:
A current account with Alliance and Leicester which allows me an ISA with 8.1% ( I have £3000 to invest immediately) however this current account has a low interest rate of 1.49%
My current account balance will be around £1000 each month but all will be spent.
OR
A higher paying current account with A & L of 6.1% and a lower paying ISA of 6.5% I'm not sure which is best! Can anyone help?!!
Thanks
Helen
I need help with my maths!
I'm trying to work out which is better:
A current account with Alliance and Leicester which allows me an ISA with 8.1% ( I have £3000 to invest immediately) however this current account has a low interest rate of 1.49%
My current account balance will be around £1000 each month but all will be spent.
OR
A higher paying current account with A & L of 6.1% and a lower paying ISA of 6.5% I'm not sure which is best! Can anyone help?!!
Thanks
Helen
Helen
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards