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Isa help please! Can't decide on best option!

Hi all
Need your advice on isa

I currently have a 2nd job that i am stashing the money away.
Do I :
A) open up a cash isa now with minimum of £1 deposit
B) wait until I have £2,500 and then open up a isa with bigger interest rate?

Thanks for your help

DDx
Started again 25th December 2017
Current tracking - £7,955.84/ £18,282.25 to pay off. (31.12.19)

Comments

  • david78
    david78 Posts: 1,654 Forumite
    Personally I would just open the best one now with as much as you can afford (£1 if that's all you have) then add to it every month frm your pay.
  • marathonic
    marathonic Posts: 1,789 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    david78 wrote: »
    Personally I would just open the best one now with as much as you can afford (£1 if that's all you have) then add to it every month frm your pay.

    Agreed... just because you have a £2,500 deposit doesn't necessarily mean you'll get a better rate. Look at Coventry's 2.6% rate for deposits from £1.
This discussion has been closed.
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