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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
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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/
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