Where should I take money from my current account or a S&S ISA

enthusiasticsaver

For me it would depend on whether the money sat in your current account was the only cash you have.  I would not want to take the balance too low but if you have a healthy income then I would choose that rather than take it out of your isa.  Our investments are back up to pre Covid levels though so if yours are doing ok that is certainly better than taking it out in March when you would have made a loss. Something to consider with the sofas.  We have just ordered online through a furniture store some conservatory chairs and I have opted to do interest free credit as I am wary of paying up front  in full when we do not know which of these stores may go under due to the economic situation.  

Susan1942

Gosh I had not thought about that possibility.  I intend to buy my furniture and carpets from a  5th generation family business who have an excellent reputation. 

AlanP_2

Wherever the underlying funds come from using a Credit Card for the purchase will provide protection against the supplier going out of business before delivering the goods.

Susan1942

Thanks I will use a credit card.  So many companies are going out of business I want to be safe rather than sorry.

Alexland

Susan1942 said:

Thanks I will use a credit card.  So many companies are going out of business I want to be safe rather than sorry.

You might even want to take out a 0% on purchases card and make direct debit minimum payments during the promotion period while the money you were going to spend earns a return in premium bonds :-)

Susan1942

With a credit card I always pay in full despite 0% interest.  I have never done anything else.
When I go abroad I use the Halifax Clarian card.  Think that is correct 
The only thing I don't do is chase bank accounts.  I have been with Santander and I think the credit card interest is 0.6 %
There is a £5 fee but what I get in interest and money for bills I pay 
I do have more than the £20,000 limit on interest and I earn nothing on that.  I have got an account where I pay £200 a month.  At one time it paid 5% then 3% but I have no idea how much it pays at the moment.  I just let it roll over.