[Jessicamj]

Sorry for the 1000000th question.

Just wondering which one would be better

Isa or basic savings account?
Thanks

[Foggy]

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]

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.

Ok Thankyou, so an isa is a no-go?

[Foggy]

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.

Ok Thankyou, so an isa is a no-go?

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 !

[Jessicamj]

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.

Ok Thankyou, so an isa is a no-go?

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 !

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 accounts

[jonathah]

Those kind of ISAs normally offer even more pitiful rates of interest than usual. Go with Foggys advice.