We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

isa versus saving account versus Santander 123

eithnemc
eithnemc Posts: 32 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 10 July 2018 at 1:30PM in ISAs & tax-free savings
Good Day everyone, If someone could confirm which is the best move, i would be greatly appreciative!

I have £4358 in last years Santander ISA - I need to move this
I don't need easy access - Should i move it to

another ISA account - if so what is the best one
or to a savings account - if so what is the best one
or to my 123 Santander account

I also have £25000 in Santander 123 account - should this be invested in a better savings account if so any suggestions

I have a mortgage with Santander of £55,563.19 paying interest of £95 a month i have 7 years left

I would need easy access to say £5000

Thanks in advance!

Comments

  • badger09
    badger09 Posts: 11,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    eithnemc wrote: »
    Good Day everyone, If someone could confirm which is the best move, i would be greatly appreciative!

    I have £4358 in last years Santander ISA - I need to move this
    I don't need easy access - Should i move it to

    another ISA account - if so what is the best one
    or to a savings account - if so what is the best one
    or to my 123 Santander account

    I also have £25000 in Santander 123 account - should this be invested in a better savings account if so any suggestions

    I have a mortgage with Santander of £55,563.19 paying interest of £95 a month i have 7 years left

    I would need easy access to say £5000

    Thanks in advance!

    Suggest you read this & come back with any questions

    https://www.moneysavingexpert.com/savings/which-saving-account/
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.7K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.3K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.