pat1974:

unfortunately I have used up my ISA allowance for this year by transferring another ISa to my current one.

Possibly you haven't. Be aware that previous years ISA contributions are entirely separate from current year contributions. You are entitled to invest £3600 of new money this financial year.

Thank you Dave, unfortunately I have used up my ISA allowance for this year by transferring another ISa to my current one.

I will have a look at the Internet Savers and see if there is anything interesting to go for.

Currently you can put £300 per month into a cash ISA subject to an annual maximum of £3600. From next April you will be able to save £425 per month (£5100 per annum)

IMHO the best home for any surplus income is an Internet saver account rather than a Regular saver which can have severe penalties,interest rate wise, if you miss a deposit even by a day.

Look at Egg, IF, ING etc

Hi there,

I have a permanent job and a salary of about £ 1,300 a month. After paying all my expenses I have £ 500 left to save. I have an ISA but there is a limit of how much I can put into to it without being taxed! I would like to save a regular £ 300-500 a month but I do not want to loose money by taking high risk - high interest saving options.

I have seen some accounts who ask for a minimum of £ 500 a month to be kept active, but are they really good accounts or should I look at alternatives?

Please could you give me some suggestions?

Thank you very much.

Patricia