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Help To Buy ISA - More than £12k?
WelshJoe
Posts: 6 Forumite
I have a Help To Buy ISA, which, as of January 2021 I will have saved the maximum £12k on which the government bonus will apply.
My question is: Is it better to continue to put more money in to my until such time as I buy a property (which wont be for another 2-3 years) or should I start saving elsewhere once the ISA hits the £12k cap?
My question is: Is it better to continue to put more money in to my until such time as I buy a property (which wont be for another 2-3 years) or should I start saving elsewhere once the ISA hits the £12k cap?
0
Comments
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If the HTB ISA pays better interest than other comparable accounts then stick with it, as you'll still get the interest even though you won't attract any more bonus beyond £3K. Having said that, if you'll still be a year or more away from buying once you've hit the £12K, you might also wish to consider regular saver or fixed term products, as these may exceed HTB interest levels....0
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