Current account or ISA

lynseydee

That's a great help Wooders. Thanks. Had an inkling you couldn't contribute to more than one ISA a year but didn't realise you could have lots of them with various pots of money in them.

I think what might be a good idea is, once I can afford to do it properly, contribute as much money as I can into an ISA for possibly large purchases I wouldn't normally be able to afford, and then the rest put into as high an interest savings account I can get and use that as my dipping into savings pot. Although seeing as the maximum I would be able to invest in a single tax year works out at £300.00 a month I can't see that happening for a while yet