Quick question about ISA's

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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YorkshirechickYorkshirechick Forumite
369 Posts
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings

Just a quick question for you. My partner and I have just sold his car, and got 8.5k for it, as I'm pregnant (due in Jan) and we want to buy a cheaper car, and use the spare money to tide us over while I'm on maternity leave.

We could put 3k each in an ISA, but would have to take the money out again in Dec/Jan to buy a new car.

Will we lose out on the interest if we don't leave the money in til April?

Yorkshirechick x
Debts May 09 [strike]£100 Od[/strike], [strike]£1550 boiler[/strike], [strike]£1750[/strike] £400 credit card :mad: Goal - to 3k of savings by Oct 2009 in time for Baby num 2 :j Total so far £1200


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