Cash ISA - funding by Direct Debit

NoodleDoodleMan

eskbanker said:

NoodleDoodleMan said:

Indeed - I'll need to review,

A Stocks and Shares would suit.

Well spotted.

Up to you obviously, but I'd suggest that this sounds like the tail wagging the dog if you're considering using a S&S ISA instead of a cash one solely on the basis that doing so fulfils a requirement for an extra direct debit mandate!

There is a thread somewhere about potential options when seeking extra DDs for the purposes of satisfying such requirements, will have a rummage around for it....

Edit: https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

Thanks, useful info.

roked

I know the provider is in the list there, just not showing for ISA, I can confirm that moneybox do allow DD for their cash ISA product. Just be aware its not a flexible ISA, so if you withdraw, you cant return it without using up more of your annual allowance. 

Edit : just to add the DD is done weekly and not monthly, you are free to adjust it each week if needed.