Cash ISA definitely looks like the better option, as it's got much better interest rates & this one has instant access, internet, and a minimum investment of only £1 so it seems to meet your needs. A cash ISA really just works like a tax-efficient savings account. As it's cash there's no danger of losing your money (like there would be with a share ISA), so I'm not sure what advice you'd need.
As mentioned above, ISAs do have a maximum £3000 investment in a year, but I'd say even if you're likely to get up above that, it's worth starting with the ISA & then putting additional money somewhere else.
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Date: Wednesday, 16 April 2003 12:31 pm (UTC)As mentioned above, ISAs do have a maximum £3000 investment in a year, but I'd say even if you're likely to get up above that, it's worth starting with the ISA & then putting additional money somewhere else.