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£86 in ISA leave it or close it?

too_much_debt
too_much_debt Posts: 3,218 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Savings & investments
Hi

First time posting on this forum (hope it's the right one).

I have a Cash ISA with Nationwide, as I have lots of debts which I'm currently paying off, I only have £86 in there.

Was just wondering if I should leave the money in it, or if I should close it and pay the £86 off of one of my credit cards, hardly seems worth having with only £86.

Thanks for any replies.
Sealed Pot Challenge #016

Comments

  • gazza975526570
    gazza975526570 Posts: 3,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you are paying interest on your credit cards then pay it off one of them
  • KiKi
    KiKi Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts
    Absolutely pay it off. The interest on your ISA is bound to be less than the interest on your cards - and as you said, for £86 it's not really worth it.

    KiKi
    ' <-- See that? It's called an apostrophe. It does not mean "hey, look out, here comes an S".
  • Kay_Peel
    Kay_Peel Posts: 1,672 Forumite
    Yep. I agree, too. Tackle the debts first. Build up a bit of a cushion in an easy access account, next. Then, start saving in a Cash ISA.

    Good luck.
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