Should i take my money out of my cash Isa and invest elsewhere

sho3ran · #1 Oct 8, 2009, 02:09 AM

:I have a cash isa with 7,000 investment. I s it best to leave it in there or invest in one of those long ter
m investments with another bank?

Thanks for your answers

stevetcg · Oct 8, 2009, 05:16 AM

It really depends on your goals. Is there any chance you need the available cash?

sho3ran · Oct 8, 2009, 07:43 AM

The cash isn't for anything that's why i feel that leaving it in the Isa wouldn't be a good idea long term. Maybe someone mite require some info on best place to bank it . Some banks offer a fixed rate of 3%, was thinking of moving into one of those at least it will be doing something for me instead of sitting there idle. After all, Isa's are tax free but why bother putting your cash allowance of 3,600 per year when its not making you any cash. These cash Isa's mean nothing now. What are other people doing with their savings ?



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