Corsa_SeXi
Member
Registered: 5th Mar 04
Location: Manchester
User status: Offline
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i havent a clue when it comes to banks so i need peoples help. i wanna start putting away £50 a month and just keep saving it up, whats the best bank to do it with?
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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No doubt about it you should open an ISA account. No tax on your interest.
You can save up to £3000 per year in these accounts. Sounds perfect for you.
All major banks do them
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Halifax Web Saver, you get a current account too and manage both online and can switch money between the two. 5% interest.
[Edited on 14-01-2007 by Marc]
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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Nationwide Instant Access Cash ISA - At £50 a month you won't breach the £3k pa limit but thats your best bet without a doubt
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Russ
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Registered: 14th Mar 04
Location: Armchair
User status: Offline
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its 7k not 3k i thought.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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ISA is 3k.
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drax
Member
Registered: 5th Feb 05
Location: Sittingbourne, Kent
User status: Offline
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No.. the most you can put into an isa is 3k, you can save up to 7k
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Mini cash ISA - £3k per tax year.
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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Mini = £3k cash
Maxi = £3k cash
the remaining £4k is thru shares, life assurances, pensions etc.
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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quote:
Originally posted by Marc
Halifax Web Saver, you get a current account too and manage both online and can switch money between the two. 5% interest.
[Edited on 14-01-2007 by Marc]
I have one of those. A very good account. You get interest once a year IIRC but if you are saving £50 a month, after a years worth of saving you will get a pretty nice sum from interest.
I also have an isa with The Halifax, similar sort of interest IIRC its about 4.5%
either will be worth it.
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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Scrap that ISA interest is more like 3.7% or something like that 
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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My e-mail keeps bouncing back so I can't confirm the account. Good start. 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Halifax cash isa is 5.25% now, can save £3k per tax year up to £9k I think!! Instant access if you need it aswell!!
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Marc
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Registered: 11th Aug 02
Location: York
User status: Offline
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My mate said theres no limit on an ISA (he works at Norwich Union/Halifax)
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Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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You mate talks through his hat unfortunately.
Listen to Robbo, he is wise like Yoda.
[Edited on 15-01-2007 by Melville]
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Colin
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Registered: 4th Apr 02
User status: Offline
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Halifax ISA Saver Direct
Not getting anywhere with your savings? From as little as a £1, with a high interest rate of 5.25% AER/gross p.a, and no tax to pay, its easy to transform your savings with Halifax ISA Saver Direct. These are just some of the benefits:
Can view balance online
Can manage your account over the phone or online
Invest up to £3000 in each tax year until 5th April 2010
You can make unlimited withdrawals of £10 or more by telephone or online without giving advance notice
Meets Government Stakeholder Standards
£15k in that one MAX if you get £3k in before 6th April.
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Marc
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Registered: 11th Aug 02
Location: York
User status: Offline
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quote:
Originally posted by Colin
Invest up to £3000 in each tax year until 5th April 2010
So the only limit is the time then.
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Marc
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Registered: 11th Aug 02
Location: York
User status: Offline
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quote:
Originally posted by Melville
You mate talks through his hat unfortunately.
Listen to Robbo, he is wise like Yoda.
I'm referring to the 7k max you're all referring to
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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You can only invest 7k in an isa per year. 3k in cash and the rest in stocks and shares.
There is also restrictions as to how long you can put money into a isa, as colin has highlighted above.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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I said there was no overall total limit to how much money you can put in to an ISA I'm not on about the maximum per tax year.
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topshot_2k
Banned
Registered: 1st Dec 03
Location: Northampton Drives: Pug GTi-6
User status: Offline
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I have a fixed rate of 5ish % with natwest for my ISA, i also have an Equity ISA which i can pay into
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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i hava an ISA and a IASA with RBS
is good for me, put so much in a week
doesnt take lomg to build up 
couldnt tell you interest rates, probably better out there tbh
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