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An ISA
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Hi
Can anyone clarify to me what an ISA is? And if you have any experiences with having one? Just want info.
I think I want to open one just to have an account with a little extra cash on the side for future 'rainy days' because i have a feeling there will be a lot of them. I know I can only go up to about £5300 a year but I doubt I'll get that much anyway.
I already have a savings and current account with a different bank. The funds in them are rapidly declining.
:wave:
Can anyone clarify to me what an ISA is? And if you have any experiences with having one? Just want info.
I think I want to open one just to have an account with a little extra cash on the side for future 'rainy days' because i have a feeling there will be a lot of them. I know I can only go up to about £5300 a year but I doubt I'll get that much anyway.
I already have a savings and current account with a different bank. The funds in them are rapidly declining.
:wave:
0
Comments
Other than that, I'm not sure there's much to say. Check interest rates and how much you need to start up with various banks. I couldn't see much difference between the major banks when I opened mine.
So do you think it is worth it?
It's worth using your tax-free savings allowance.
you know, I didn't even know tax was taken from bank accounts!