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Best isa for me?
makemerich12
Posts: 159 Forumite
I currently have £7k saved up in a isa with my bank hsbc getting 0.70 aer each month putting away roughly 450 a month away.
My Goal is to hopefully in years to come own a house/flat or just look after my nephews future
My Goal is to hopefully in years to come own a house/flat or just look after my nephews future
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how far away is that future?
do you or have you owned a home in the past?0 -
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makemerich12 wrote: »I currently have £7k saved up in a isa with my bank hsbc getting 0.70 aer each month putting away roughly 450 a month away.
My Goal is to hopefully in years to come own a house/flat or just look after my nephews future
ANy particular reason why you want to accept 0.7% AER when you could get 5x that very easily if not more.Remember the saying: if it looks too good to be true it almost certainly is.0 -
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makemerich12 wrote: »I had a review with my bank and sadly got sold it was a good deal who offers 5x more?
Plenty of places. Unfortunately your bank will only sell you their own products and ISAs don't pay the best rates. You may need to use a couple of accounts to get the best deal, Nationwide pay 5% as do TSB currently. Check out the best savings threads on the main Savings forum here.Remember the saying: if it looks too good to be true it almost certainly is.0 -
The best rate i can find is 3.50% from nationwide with the £5k i can start with and the £500 i can put in monthly afterwards.Question is do i quit hsbc now or wait till the new isa rates come out in the new year?0
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makemerich12 wrote: »The best rate i can find is 3.50% from nationwide with the £5k i can start with and the £500 i can put in monthly afterwards.Question is do i quit hsbc now or wait till the new isa rates come out in the new year?
I can't see any account with Nationwide that will allow you to save £5k at 3.5%.
The only account paying 3.5% is a young person's regular saver.
Their FlexDirect account will pay 5% up to £2500 if you pay-in £1000 p/m.0 -
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I can't see any account with Nationwide that will allow you to save £5k at 3.5%.
The only account paying 3.5% is a young person's regular saver.
Their FlexDirect account will pay 5% up to £2500 if you pay-in £1000 p/m.
Damn i've just looked after seeing this :rotfl: it pay to read looks like i'm off to find a new one0
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