Is it worth moving my savings into an ISA right now? - isa savings
or it would hardly make a difference? I have over 5k in a regular savings account. Since interest rates in the garbage, if it makes no difference if they took my money into an ISA? If so, can you recommend a place to get an ISA? Thanks
Isa Savings Is It Worth Moving My Savings Into An ISA Right Now?
1 comments:
Yes, the interest rates on all products are equal to zero at this time. However, if you use the money in an ISA this tax years pay no tax on interest on all future years, the money is there. So when interest rates again, we could have an additional £ 3600 interest tax free.
If eligible, a total savings per year, as you can now make sure an ISA. You can still access it when necessary, and it is 100% safe (as a guarantee of the FSA, which) I believe is currently 50,000 pounds per person per bank. If you have more than the current allocation (unless you are over 50 years if the premium should have been placed on the path), set this year's ISA allowance very quickly, and the rest after 6 April (when the distribution of the world goes) to 10.000 € per year. You'll find yourself with interest, equal to 20% more for your money in the coming years, and if the exchange rate can be changed at any ISA provider to obtain the best price.
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