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So a couple of people of mentioned to me that the ISA is coming to an end in a few weeks, so it is very important to sign up and get one, this post is a reminder for anyone else in the same boat or have any children / friends who could benefit from opening one.
One question I have is: has anyone got an experience of opening one? I have never had an ISA do they vary dependent on banks? do I have to open one with my bank or can I open one with a bank I am not with?
If anyone has any recommendations that would be great!
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You can open one with a bank/building society you're not with.
A building society is better though in my opinion. I'm with Nationwide and I've found them to be excellent so far, they explain things in plain English. Building societies are member-led as well unlike a bank where you're just another customer. I like that.
A help to buy is a good savings account if you know you can put the money away each month and not touch it until the time comes to get a mortgage. You're usually allowed one withdrawal a year, but then lose out on interest.
Chris, I would check out a Lifetime ISA too. The Help to Buy is being replaced by the Lifetime ISA, I had a H2B but I converted mine to a Lifetime ISA 2 years ago. It has some slight differences, one of the biggest is you can put more money per year into it and also it doesn't have a monthly limit, think it has a annual limit of £4000 but you can put into it as often as you like and in differing amounts (H2B is maximum £200 a month I think).Originally Posted by chris lee
Compare the two and see which is better for you!
Help to Buy ISAs Guide: https://www.moneysavingexpert.com/sa...211.1571163268
ISA forum: https://forums.moneysavingexpert.com...aysprune=&f=18
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