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£86 in ISA leave it or close it?
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too_much_debt
Posts: 3,218 Forumite
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.
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
0
Comments
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If you are paying interest on your credit cards then pay it off one of them0
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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".0 -
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.0
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