We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
H2B vs Cash ISA
calza96
Posts: 1 Newbie
Hello, I've been paying into a H2B ISA for around 3-4 years with Nationwide
I realistically don't believe I will get the benefit of it now given the current house prices & the criteria for redemption
I have thought about opening a cash ISA with Virgin Money with a higher interest rate - however not sure if this is possible due to the ISA rules, could you please clarify my options
thank you
I realistically don't believe I will get the benefit of it now given the current house prices & the criteria for redemption
I have thought about opening a cash ISA with Virgin Money with a higher interest rate - however not sure if this is possible due to the ISA rules, could you please clarify my options
thank you
0
Comments
-
Assuming you won't be buying for at least a year, have you considered shifting the money to a Lifetime ISA instead? It can only be done at £4K per tax year but offers a higher property value cap of £450K outside London:
https://www.moneysavingexpert.com/savings/lifetime-isas/
0
Categories
- All Categories
- 345.8K Banking & Borrowing
- 251K Reduce Debt & Boost Income
- 450.9K Spending & Discounts
- 237.8K Work, Benefits & Business
- 612.7K Mortgages, Homes & Bills
- 174.3K Life & Family
- 251K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards