Jessicamj wrote:Sorry for the 1000000th question.
Just wondering which one would be better
Isa or basic savings account?
Thanks
Foggy wrote:Ok Thankyou, so an isa is a no-go?Jessicamj wrote:Sorry for the 1000000th question.
Just wondering which one would be better
Isa or basic savings account?
Thanks
While in an IVA I would go for a basic, instant Access, savings account --- you might need to call on modest savings for an emergency --- and you won't be able to save enough to make any impact on interest rate gains between products.
Jessicamj wrote:It isn't a no go if that is what you want ... but best to avoid any account where there are limits on withdrawals. If you manage to save a modest nest egg you might need to get hold of it quickly. Remember, if the car breaks down there is no longer a credit card to pay the garage !Foggy wrote:Ok Thankyou, so an isa is a no-go?Jessicamj wrote:Sorry for the 1000000th question.
Just wondering which one would be better
Isa or basic savings account?
Thanks
While in an IVA I would go for a basic, instant Access, savings account --- you might need to call on modest savings for an emergency --- and you won't be able to save enough to make any impact on interest rate gains between products.
Foggy wrote:Oh ok i see what you mean, i have my new bank account with lloyds, they have instant ulminited withdrawals on one of there isa accountsJessicamj wrote:It isn't a no go if that is what you want ... but best to avoid any account where there are limits on withdrawals. If you manage to save a modest nest egg you might need to get hold of it quickly. Remember, if the car breaks down there is no longer a credit card to pay the garage !Foggy wrote:Ok Thankyou, so an isa is a no-go?
While in an IVA I would go for a basic, instant Access, savings account --- you might need to call on modest savings for an emergency --- and you won't be able to save enough to make any impact on interest rate gains between products.
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