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What should i do?
nabberuk_2
Posts: 90 Forumite
Hello,
I currently have a first direct regular saving account and a nsandi isa. I currently save £500 a month, £400 into my isa and £100 into my regular saver.
I think i could save this money in a wiser way, so i'm just after some advice. Should i spread the savings around some more?
thanks for any advice.
Nathan
I currently have a first direct regular saving account and a nsandi isa. I currently save £500 a month, £400 into my isa and £100 into my regular saver.
I think i could save this money in a wiser way, so i'm just after some advice. Should i spread the savings around some more?
thanks for any advice.
Nathan
0
Comments
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Seems an ok approach to me. Though you might put as much as possible into your ISA soonest due to the fact that the interest is tax-free and the sooner it's there, the more tax-free compounded interest you will earn.
The First Direct regular saver paying 8% will leave you with approximately 6.4% after the deduction of tax at basic rate.0
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