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Corsa Sport » Message Board » Off Day » House Day » Savings Account VS. ISA » Post Reply
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ed |
posted on 16th Dec 11 at 12:57 |
Was only keen on using Natwest if the difference was give or take half a percent - just means that I can access the money instantly via NWOLB if I needed it. The regular savings accounts are probably not what I'm looking for at the moment because some months I might not have anything to put away - will be worth a look for me in the future though :) | |
dannymccann |
posted on 16th Dec 11 at 06:12 |
Best rates are on monthly saving products if you dont pay tax, up to 8% @ First Direct | |
ed |
posted on 15th Dec 11 at 19:25 |
quote: Maybe I should have been clearer and said via Natwest Online Banking. | |
Pop |
posted on 15th Dec 11 at 18:26 |
quote: Second on the list at 3.05% with a £1 minimum deposit, also has instant online access. http://www.moneysupermarket.com/savings/cash-isas/ [Edited on 15-12-2011 by Pop] | |
harrisp |
posted on 15th Dec 11 at 18:23 |
quote: Just don't have any sparkys round. | |
ed |
posted on 15th Dec 11 at 18:21 |
Or a box in the loft? | |
Gary |
posted on 15th Dec 11 at 17:58 |
Safe deposit box. Best place for savings. | |
ed |
posted on 15th Dec 11 at 17:56 |
Was thinking premium bonds in 6 months to a years time, for now I like having easy access to the cash. Worth a shot :) | |
AndyKent |
posted on 15th Dec 11 at 17:28 |
It is. You only get decent rates locking cash away, but since rates suck anyway..... | |
ed |
posted on 15th Dec 11 at 16:16 |
Seems that there aren't many ISA's with a higher interest rate than 2.8% and I do value the ability to be able to access the account via online banking instantly more than the couple of pence extra I'd get on a 3.0% ISA. Not sure if that's the right attitude but :0 | |
Pop |
posted on 15th Dec 11 at 12:59 |
Why not just transfer your ISA to one that has a significantly higher interest rate? | |
ed |
posted on 15th Dec 11 at 10:12 |
Cheers :) | |
AndyKent |
posted on 15th Dec 11 at 09:04 |
In that case eSavings all the way, is tax free for you :) | |
ed |
posted on 14th Dec 11 at 23:28 |
I earn about £2.5k a year that's taxable so I'm a little below the threshold :0 | |
AndyKent |
posted on 14th Dec 11 at 22:55 |
You don't pay income tax? | |
ed |
posted on 14th Dec 11 at 19:55 |
Natwest have been advertising their eSavings account on Online Banking for a while. I'm currently keeping my spare cash in an ISA, but the interest I receive on that is 0.5% APR. The eSavings account is normally 1.0% but they're giving a bonus of 1.85% boosting the APR up to 2.85%. The ISA is tax free and I assume that the eSavings account isn't, however would I be right in thinking that I wouldn't be eligible to pay tax on that as I'll be beneath a threshold on my earnings/assets/interest earned? |