Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
Help to Buy ISA guide
2.3K replies
353.2K views
Quick links
Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support
Replies
I am in a similar situation where my partner and I pay monthly into my isa, does this mean we both we would have to get split ISA S? It's still a little confusing.
Should I get the Nationwide split ISA and where should I save the rest?
Any advice much appreciated
I opened the the help to buy isa with £1 which I have till the end of December to transfer up to £1199 and I closed my old cash isa and transferred it into the new cash ISA
Unless you don't care about the interest you can earn, the last place to put any of your money would be a non-HTB cash ISA. Check out the various interest paying current accounts, as well as the monthly savers which offer flexible withdrawals, such as the 5% ones offered by Nationwide and TSB etc.
So after having read & watched as much as I can on this I am still confused...
I currently have not opened an ISA this tax year, yet have money in an old one (anticipating the HTB -ISA). With this amount I am unsure what to do...
From what I can make out it would be best to open a split HTB-ISA (e.g. - Nationwide) and any extra over the £200/pm I can save would first go into topping my allowance up and then into a regular saver of some sort?
Please if anyone can help it would be much appreciated.
Any extra over the £200 HTB amount can then just go into the non ISA account paying 5%.