stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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Right what am I better going for.
Halifax
Isa paying 5% AER/gross p.a.
Regular savings paying 7% AER/gross p.a.
ISA are tax free it says?
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vibrio
Banned
Registered: 28th Feb 01
Location: POAH
User status: Offline
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7% will be taxed. ISA will not be.
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Rob_Corsa
Member
Registered: 4th Apr 02
Location: Derbyshire
User status: Offline
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yeah your gonna loose about a quarter from the regular saver interest but you will still be better off with the regular saver.
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Rob_Corsa
Member
Registered: 4th Apr 02
Location: Derbyshire
User status: Offline
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only prob with the high interest regular savers is that you can normall only pay in about £250 a month but with an isa you can stick £3000 in per year at any time.
http://www.adviceonline.co.uk/SAVINGS.html
[Edited on 10-01-2006 by Rob_Corsa]
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Since when can you only put £250 a month into a high interest savings account? Ive just put 5 grand into mine 
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Rob_Corsa
Member
Registered: 4th Apr 02
Location: Derbyshire
User status: Offline
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quote:
Originally posted by Melville
Since when can you only put £250 a month into a high interest savings account? Ive just put 5 grand into mine
Theres a difference between a high interest Regular Saver and a High interest account.
Use the link below and search for the regular saver accounts.
The Derbyshire Regular saver lets you pay in £100/month, all the rest are at best £250/month. The Derbyshire RS has been rated the best RS by various magazines!
www.moneysupermarket.com/savings
Im guessing you put 5k into something like ING Direct which is just a High interest account
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