Isa saver or Esavings

Darren-lad

Am clueless about savings accounts etc and was confused when reading throw them but set up a esavings account because the isa saver was asking for a national insurance but now my partner says the isa saver would of gave me more interest but am only putting £50 a month in it for the new ps4 and am closing the account after brought this year ? So don't think it's worth setting up a isa but when I check my savings account after putting money in it when I click mini statement - Sorry, but we can't show you some recent transactions as your name wasn't on the account when these transactions were processed , this comes up why ? And the difference between isa and esavings thanks and hope this makes senses kind of rushed it thanks anyway

xylophone

The interest on a cash isa is always tax free.
You would be eligible for tax free interest on the esaver only if you were a non-taxpayer- you would have needed to complete an R85 form for the interest to be paid tax free.

Incidentally, what is the problem with providing an NI number?

Sorry, but we can't show you some recent transactions as your name wasn't on the account when these transactions were processed , this comes up why

This is a bit of a puzzle - you say that you opened this account?

Darren-lad

xylophone wrote: »

The interest on a cash isa is always tax free.
You would be eligible for tax free interest on the esaver only if you were a non-taxpayer- you would have needed to complete an R85 form for the interest to be paid tax free.

Incidentally, what is the problem with providing an NI number?



This is a bit of a puzzle - you say that you opened this account?

A really don't no lol a thought maybe it would charge me taxes or some thing do you think am better of setting up a isa one I don't pay taxes because am not working ATM ?

Darren-lad

This is a bit of a puzzle - you say that you opened this account?[/QUOTE]

Ops never seen this bit umm yeah have always been with lloyds tsb so a done it over the web clicked on it set it up esaver then set up a standing order

xylophone

http://www.moneysavingexpert.com/savings/best-cash-isa
might be worth a read.

Perhaps you could ring Lloyds concerning your query.

G_M

Darren-lad wrote: »

Am clueless about savings accounts etc and was confused when reading throw them but set up a esavings account because the isa saver was asking for a national insurance but now my partner says the isa saver would of gave me more interest
what interest does the esaver pay? Before tax and after tax?
what interest rate does the ISA saver pay (there is no tax)?

but am only putting £50 a month in it for the new ps4??? and am closing the account after brought this year ????? So don't think it's worth setting up a isa but when I check my savings account after putting money in it when I click mini statement - Sorry, but we can't show you some recent transactions as your name wasn't on the account when these transactions were processed , this comes up why ? ask you bank?And the difference between isa and esavings thanks and hope this makes senses kind of rushed it thanks anyway

ISA is tax free.
Esaver is not. (unless you register as a non-tax-payer)

To be honest, since
a) you seem to have already opened the esaver and
b) the amount of £ is so small
It is hardly worth switching for a few pennies extra interest

Darren-lad

G_M wrote: »

ISA is tax free.
Esaver is not. (unless you register as a non-tax-payer)

To be honest, since
a) you seem to have already opened the esaver and
b) the amount of £ is so small
It is hardly worth switching for a few pennies extra interest

A was going to head down wed to talk to the people in the bank seeing as am down that way but think after have saved for ps4 a will start saving for a car it won't cost or be a small free to close that esaveings account ?