Help Needed for a youngster

wiseman405

wiseman405 wrote: »

Cant thankyou enough you two! Great help from both of you.

This is my plan for a few years.

Max my ISA out in this 7 month period.

Keep on adding £200 into the regular savers account each other. At the end of the years term i will transfer all that money into my ISA. Which will minimize the monthly payments for that year into the ISA. That means i can put more away into the regular savers account.

Then i will do the same every year until i can afford a HIGH deposit for a house

Does that make sense?

Thanks again!!

Tom

If i go with that plan. Is it best to get a yearly regular saver? Or the one like the ybs?

Every year find the best rate for the yearly regular savers.

Or do i get an unlimited regular saver that will let me withdraw once a year to transfer into my ISA?

Thanks
Tom;)

wiseman405

Hi there,
Set up the halifax regular saver this morning. 5.6% net i think.

Not bad i suppose. Set the standing order up of £200....

When the tax year is over i will up that to £250. Then at the end of the year transfer all of that money into the ISA, and keep paying into the isa to make it up to £3,600

All i need now is confirmation from my details given to NS&I
Thanks
Tom