Help needed with Interest rates!!

Options
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
Helen
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.3K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 248K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards