What to do - ISA v's Saving Account

Ronnie49

Where is it best to put your money - ISA or Savings approx 40k - don't need access - would like the best return 
Thoughts please 

jimjames

If you want the best return then just choose the account with the highest rate for the period you want to lock it away for. Plenty of options if you look on the best savings account pages here. Bear in mind you can only put £20k into an ISA each year

Albermarle

Ronnie49 said:

Where is it best to put your money - ISA or Savings approx 40k - don't need access - would like the best return 
Thoughts please 

A cash ISA is a savings account, it is just protected from possible tax on the interest.
Suggest you read this .
Best savings accounts: 5% easy access or 6.2% fixed rates (moneysavingexpert.com)

Eirambler

Ronnie49 said:

Where is it best to put your money - ISA or Savings approx 40k - don't need access - would like the best return 
Thoughts please 

It will depend on your tax situation, but for a single basic rate payer 20k in the best paying ISA and 20k in the best paying savings account is likely to be the best combination.