Which ISA for me? 12 June 2005 at 4:50PM edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings 3 replies 796 views

DilbertJones

I have £1580 to save, will be contributing at least £100 per month, may need to withdraw all very quickly, i.e 2-4 weeks notice

Which company shall i choose??


Thanks for your help

YorkshireBoy

Do you want branch, post, internet, telephone? Do you want monthly or annual interest? For details of all current products, check the comparison sites, eg https://www.moneyfacts.co.uk and https://www.moneysupermarket.com

DilbertJones

I would like internet & monthly interest

grumbler

robodan wrote:

I would like internet & monthly interest

There is no difference for you between monthly and yearly interest.
For regular saving it is worth considering regular saving ISAs because they pay higher interest:

Scarborough BS 6% ISA option

05/06 tax year - cash ISA - 5.50%+ post #35. Information here is not up to date though, Portman 7.5% ISA does not exist any more, for example.

However, you also have a lump sum. In this case I'd go for usual instant access ISA and used usual regular saving account (not ISA) for regular savings. When the regular saving account matures you can move money to an ISA.

Best instant access ISAs?

Halifax Regular Saver 7.00%

HSBC Regular Saver 8% (must have current account with them).