Switch help to buy ISA?

William_Walters

Hi,
I am looking to open up my first ISA and I've got about £13,000 to do something with. I saw on the recent post about help to buy ISA's that Nationwide do a split account so I could open up a cash ISA and their help to buy ISA together right now. I'll then just trickle the money from the cash ISA into the help to buy each month. However I was wondering if it is possible to switch to another help to buy ISA such as Halifax after April next year?

And if that is possible, is this even a good way to go about it? I could also just open up the Halifax one now then put a lump of it in a fixed term ISA but I don't know if that is great either...

Also, seeing as I am a full time student and will be for the next 2/3 years does that affect any choice I should make now about ISA's?

Thanks in advance!

Will

PawelK

Will, you should definitely open a halifax htb as it currently pays the highest rate on the market of 4%. As its variable, if any better comes up, you can transfer your htb swiftly. I am not 100% sure what halifax terms are and if it collieds in any way with you being a student but I guess not. As per remainder of your balance, there are many posts on here advising to ditch the cash isa and invest in regular savings accounts. These are usually fixed but you can also consider current accounts paying 5-6% but do check their requirements. Some might ask for monthly salary and confirmation of employment but I think majority just ask for minimum amounts to be paid into the account each year. They give better return than cash isa.

You may as well consider special offers bank could have just for students and use your current status to the maximum.