My gran has (unbeknownst to me!) been saving up £500 for me to get a 2nd hand car, and I was given it all as cash today, bless her xD So first thing I want to do is get it into a bank soon as on Wednesday when the banks open -- but which bank account, or type of account, is best? Are ISAs still useful with the current state of interest rates etc.? I'm not going to likely need access to the money perhaps even towards the end of 2011.
Best bank account for £500 for a car? Watch
- Thread Starter
Last edited by audacityofhuge; 27-12-2010 at 22:09.
- 27-12-2010 21:59
- 27-12-2010 23:23
Yeah, if you pay tax the best thing to do is put it into a Cash ISA. The rates aren't that good but for that amount of money it's the best place for it with the lowest risk.
- 28-12-2010 09:08
...Last edited by Operane; 13-04-2011 at 21:45.