My Best Savings Game Plan?

OnTheRoad14

I have opened a TSB Current account paying 5% on up to £2000 and have a Cash ISA paying 1%.

Come payday at the end of the month I'm not sure whether its best to put the money in the Tax free ISA or the TSB account or a % split of the two.

Max out ISA first? Get up to the £2K in TSB first or somewhere in the middle.

Thanks for the help.

ColdIron

Max out the TSB account. £2,000 at 5% will give you £80 after basic rate tax while £2,000 in your ISA gives you only £16. As you can put £15,000 pa into an ISA you can think about it once you are closer to that figure

Have you remembered to go paperless for all correspondence with your TSB account?

ceredigion

now what do you think !


:laugh: