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Quick question about ISA's
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Yorkshirechick
Posts: 369 Forumite
Hi,
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?
Thanks
Yorkshirechick x
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?
Thanks
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
0
Comments
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No
Just choose one that doesn't have penalties for withdrawing0
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