Looking for advice on where to save £24000

rooroo85

As per title I currently have around £24000 in a fixed rate ISA that is maturing this week. I'm not sure what to do with the money. My ISA allowance for the rest of this year is about £16000 and I will need quite a bit of the money around September next year.

My thoughts are to put £16000 in a new fixed rate ISA and the rest into a decent easy saver (to use in September),
OR
put all of it in variable rate easy saver, which will likely make more interest than tax. Note I am a 40% taxpayer

Any advice would be appreciated!

Ayr_Rage

TRANSFER the old ISA in full to a Trading 212 Flexible Cash ISA then you can dip in and out as much as you like.

As it is "old" money you still retain the remainder of this year's ISA allowance to use elsewhere.

Sam_666

I will never understand why pople put money in products they dont understand.

Eco_Miser

Sam_666 said:

I will never understand why pople put money in products they dont understand.

Because they've read summaries, and think they do understand them, but really they have misunderstood.