Stocks and Shares ISA or Regular Savings Account?

BumptyN

Hi

I have been saving regularly for my children into a stocks and shares ISA. It is currently not doing much for them and I know it is a long game and it could get better but Im wondering whether I should pull out the money and put it in the first direct 7% regular saver for a year and then look to put it back into a stocks and shares ISA if things have improved?

Thanks

Albermarle

and I know it is a long game

Correct, so most likely best left where it is, if that was the best in the first place.

FD regular saver means you can only add £300 a month . Probably would be better off just depositing £3,600 in one go into a normal savings account for one year at 4% +

If you did do this, you could only add it back in a S&S ISA as new money. In any case if the markets had moved up in the meantine you will have lost out.

EthicsGradient

How much are you saving per month, and how much has built up in the ISA? If more than £300 has built up, you'll have to feed it in to the regular saver bit by bit.

There might be something to be said for putting the regular amount from now on in the regular saver each month (it is a good rate), and then, when that matures at the end of the year, putting that into the S&S ISA.

jimjames

https://forums.moneysavingexpert.com/discussion/6444036/stocks-and-shares-isa-or-regular-savings-account

Why would you want to sell when prices are low and then buy when they're high assuming that's what you mean by "things have improved"? The generally accepted concept is to buy when prices are low and sell when high so now could be a good time to accumulate at lower prices. You might earn 7% on the money in the RS but S&S could have gone up by even more.