taimatsu | (no subject)

Right. I am getting ORGANISED. Does anyone have advice on savings accounts? I rather want a Natwest one, simply because they are the people I have my current account with and I want to be able to do easy online transfer things on the one website. But there is a huge list of plans I could go for and I don't know what's best.

Here's what I need:
I'll have a small starting balance, maybe £50 tops.
I want Internet access to it, no question; branch/phone/cashcard access would be good too.
I want fairly instant access to the money, since it's there in case of emergencies and things.

Here's the list of their accounts. It looks like First Reserve ould be it, or an ISA, but I know nothing about ISAs and would need advice before getting one.

Anyone any thoughts?

More ramblings about the future to come. Ï

Flat | Top-Level Comments Only

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.