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Savings advice
007jumanji
Posts: 20 Forumite
Hi all,
I have 20k in a Barclays ISA but the interest is quite poor. What advice do you have for me to invest this somewhere a bit more prosperous!
Thanks in advance
I have 20k in a Barclays ISA but the interest is quite poor. What advice do you have for me to invest this somewhere a bit more prosperous!
Thanks in advance
0
Comments
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Look at current accounts paying interest. Up to 5% and then regular savingsNo.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
Is the term of the ISA coming, or at the end? Beware that moving cash before the termination date might have a penalty clause.
If it is ready to move then you could consider a transfer to a stocks and shares ISA or fix for 2-3 years with a variety of providers for between 1.6 and 1.8 percent.Every second counts, every penny counts too...0 -
I quite wanted to keep my current account. Are there really no ISAs that offer a similar level of interest?0
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007jumanji wrote: »I quite wanted to keep my current account. Are there really no ISAs that offer a similar level of interest?
No, ISA interest is low.
But no-one's saying you have to ditch your current account. If you like it keep it.
Just open another, or several others, with banks that pay interest.0 -
Between us, both single and joint we've got 14 current accounts and 6 regular savings
But we're just amateurs compared to some on here!No.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
What are you saving for?The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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Not saving for anything in particular ... Just wanting to get maximum interest on my savings.0
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Look at stocks and shares isas unless you need it readily accessible.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£2000
365 day 1p Challenge 2026 £667.95/£165
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0
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