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New Saver! Advice needed

Last post Wed, Jun 25 2008, 8:35 AM by SunnyDays. 5 replies.
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  •  Wed, Jun 25 2008, 8:35 AM

    Re: New Saver! Advice needed

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    It is good that you are taking your time before jumping in to somthing. I have heard good things about the cash ISA too so I don't see any reason why not. There are a lot of options out there you should just look for the best rates, even though those are jumping around right now :/. Looks like you're on the right track to me!
    • Post Points: 5

  •  Mon, Jun 09 2008, 6:29 PM

    Re: New Saver! Advice needed

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    Yes, but be sure to invest with someone that you know and trust - that doesn't necessarily mean the one that pays the most interest.
    • Post Points: 20

  •  Mon, Jun 09 2008, 3:33 PM

    Re: New Saver! Advice needed

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    ISA is definately the best way to go Id say unless you are in a high income bracket because then a pension would be better if you are saving for retirement...because the tax benefits will be better for you in the end with the pension. However if you are middle/low income I would stick with a high interest ISA. There are various websites that compare the different rates. Just good one!
    • Post Points: 50

  •  Mon, Jun 09 2008, 1:06 PM

    Re: New Saver! Advice needed

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    I think Cash ISA would be your best bet to save up to £3600 in this financial year. Make sutre you check the current interest rates to get the best deal.
    • Post Points: 50

  •  Sat, Jun 07 2008, 4:26 PM

    Re: New Saver! Advice needed

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    Your first savings could certainly be directed to an ISA. If you reach the limit for a cash ISA, you can consider a stocks & shares ISA as well. There's nothing at all wrong with the ISA that you are looking at, so go for it.
    • Post Points: 35

  •  Sat, Jun 07 2008, 10:17 AM

    New Saver! Advice needed

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    Hello all!

    I will be starting to save £400 every month as from this month. This is my first well paid job so I have never saved before.

    I have £1000 to put in as a fixed sum also.

    I do not have a clue who to go with or anything. I have read through advice etc and others posts.

    After researching I was thinking of a CASH ISA with Halifax?

    Cheers guys and please show some patience with me :)
    • Post Points: 65