Do you need a Cash ISA?

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Information Do you need a Cash ISA?

Title	:	Do you need a Cash ISA?
Lasting	:	11.40
Date of publication	:
Views	:	16 rb

Well this aged poorly
Comment from : @pgreen

Natwest digital saver us paying 5Apr 513AER
Comment from : @danielfinch9501

There is a reason for getting a cash ISA you didn't cover: you can transfer from a cash ISA to S&S or IF ISA without using your ISA allowancebrbrSo if you don't feel comfortable investing in those ISAs yet but might want to in the future, you can bank £20000 in a cash ISA wrapper this year to invest sometime later on
Comment from : @IamGrimalkin

I thought an ISA is primarily an investment instrument ?
Comment from : @PilotChris06FW

I don’t agree that a cash isa is not worth it at the moment There are people like me who trust the big-name long established banks and building societies and don’t want to deal with the snazzy financial companies we’ve never heard of Chase? Who are they? Can they be trusted? So I look at the savings rates at the trusted banks and see the rates are useless eg 001 to 02 percent Therefore I look to isas and can see rates of 05 to 15 That’s good isn’t it? I’ll take it! I don’t to be a comparison slave and keep opening and changing bank accounts You have to be a nerd to do it And yes I do know about the FCA scheme I’d be interested to receive considered replies Thank you
Comment from : @Moultonist

I use my s&s isa to save for my kids Plan on saving £200 a month for 18 years so hopefully get more gain than the allowance if it was outside an isa
Comment from : @Zimpaz

Savings rates are derisory because banks don't need your money when the government can print it Inflation is heading north at 8 or higher That is an 8 stealth tax on savings It looks like some nerve to charge anyone any tax on interest below inflation We tax alcohol to discourage drinking, fuel to discourage pollution, cigarettes to discourage smoking, and savings to discourage saving
Comment from : @jamescaley9942

Hi Andy are the same allowances applicable to children?
Comment from : @lovingit824

Hi Andy, any report on Santander new digital instant saving account? Awaiting! 🙏🏽
Comment from : @amerasinghamkarunananthan711

I do actually have the NatWest Digital Regular Saver saving £50 a month towards the £1,000 - I opened it a little late! I tend not to have a cash ISA anymore, I find a Stocks and Shares ISA more worth it 😄
Comment from : @YourAverageInvestor

Hi am unemployed but got 20000 to save for my grandkids want no risk saver any advice
Comment from : @michaeloates5666

Thanks Andy Have been trying to work out the figures on my savings for the upcoming year so the graph you have produced helps with towards that Multiple pots can be taxing lol
Comment from : @minimad8793

Brilliant video Andy Great advice on strategies for saving and investing in inflationary times Thanks
Comment from : @johnwilliams8869

Hi Andy, would you risk putting more than £85k in a Chase savings account? I’ve just sold my house and am planning on buying next year but currently renting I’ve maxed the Chase savings limit on the basis that banks these days have to go through stress testing and it is highly unlikely Chase (part of JP Morgan) would become insolvent Would you do the same in my position?
Comment from : @narinderbasrai2367

Sorry that was meant to be 15570
Comment from : @colinsynnock5756

Hi AndybrWith regards to the tax free allowance of 1000 for savings There is a further benefit for those on low incomes with substantial savings If for instance your taxable income was 12570 you obviously get the 1000 but in addition you get an additional allowance of up to 5000 above the 12570 Ifbr your earnings are say 15750 the additional allowance would be 2000brColin Synnock
Comment from : @colinsynnock5756

Very helpfull once again, il put my money in a s&s isa
Comment from : @Topman-26

Hi Andy quick question - I have an emergency fund in my cash ISA in my high street bank account - what are your thoughts of putting this and holding it in premium bonds? Obviously no interest but the chance to win cash prizes? Cheers!
Comment from : @kelle_li

Hi Andy, a quick one! Does your credit score get penalised if you move your savings from your ‘all life’ bank to another one with a better interest like Chase? I have 0,4 in Barclays blue rewards savings account at the moment, thinking about moving all the money to chase for the 1,5…
Comment from : @lamarquesita3459

Interesting video Andy and with the PSA cash isa's for most are now redundant The amount you need now to pay tax is extremely high most people will never need to worry about tax
Comment from : @bryanrae7050

Andy, we are all relying on you to save us money / help us earn money in these trying times Thank you for your hard work 🙏🏽
Comment from : @hedwigwendell-crumb91

Im thinking of using one
Comment from : @christopherhubbard602

The more i watch your content the more i appreciate your hard work brbrYou are catering to the masses of finance not the get rich quick channels you see all over the place these days brbrMy opinion of cash ISAs is with current interest rates they are a very bad idea Better to make use of chase for savings and a stocks and shares isa for long term investments
Comment from : @CraveThatCoin