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Hi I'm currently saving for a mortgage (think I'm a few years off yet). I'm putting away £500 a month and have roughly 15k. It's currently in a barclays current account. Is in worth starting a he… Read More
wadz03 Avatar
5m, 6d agoPosted 5 months, 6 days ago
Hi I'm currently saving for a mortgage (think I'm a few years off yet). I'm putting away £500 a month and have roughly 15k. It's currently in a barclays current account.

Is in worth starting a help to buy ISA?

Any suggestions to look into would be most appreciated.
Thanks
wadz03 Avatar
5m, 6d agoPosted 5 months, 6 days ago
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#1
#2
Anything that gives a bonus over and above a standard interest account should be looked at.

The help to buy isa will allow you to invest a lump sum of £1200 and then £200 a month. You may have to juggle some funds if you already have a cash isa.

https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/
#3
adam_holcombe

Have you actually read the article?
#4
windym
Anything that gives a bonus over and above a standard interest account should be looked at.
The help to buy isa will allow you to invest a lump sum of £1200 and then £200 a month. You may have to juggle some funds if you already have a cash isa. https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/

As long as you don't rely on the help to buy isa bonus forming part of your deposit..
#5
windym
adam_holcombe
Have you actually read the article?
That's the thing nowadays, so many people just look at the URL / Title of an article without actually reading it. This then forms the basis of their opinion. Social media is full of it.

Edited By: ipswich78 on Feb 16, 2017 11:12: typo
#6
adam_holcombe
windym
Anything that gives a bonus over and above a standard interest account should be looked at.
The help to buy isa will allow you to invest a lump sum of £1200 and then £200 a month. You may have to juggle some funds if you already have a cash isa. https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/
As long as you don't rely on the help to buy isa bonus forming part of your deposit..

Which isn't what you said up there!
#7
Thanks for the info guys. Are there any decent saving account?
#8
You might find something like a fixed bond account good value. You can get them from 2 years, obviously the longer you fix for the better the rate.

Have a look at moneysupermarket for ideas.

We have an account with First Direct and use their regular savings account. I don't know what other banks offer, but we find this a good return.

https://www2.firstdirect.com/1/2/savings-and-investments/savings/regular-saver-account


Edited By: windym on Feb 16, 2017 10:54
#9
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

Our best buys, incl...

Savings via your bank account
Santander – 1.5% up to £20,000
Bank of Scotland – 3% up to £5,000
Easy access savings: allows withdrawals
West Brom BS – 1.05%
Leeds BS – 1.05%
Post Office – 1.01%
Fixed savings: must lock cash away
Atom Bank – 1.5% for 1 year
Atom Bank – 1.65% for 2 years
Masthaven – 1.76% for 3 years
#10
Good people of HUK. Thanks alot.

Loads to luck into
#11
Google 'safest uk dividend yields'. National grid shares currently pay 4%.
#12
I have a HTB isa with Halifax. I've already saved enough for £1000 bonus. They were paying 4% at one point, but mines now dropped to 3.5%. Your money sitting in your Barclay's account is doing nothing. So IMO you should deffinatley open one

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