What type of savings is the best for my case?
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hy
Apprentice
Joined: 14 Jan 2007
Posts: 3
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 Posted: 12/20/07 - 11:14 Post subject: |
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| I was thinking how I could save money, and sister suggested me to open an individual savings account. I have a small savings and I would like to invest it, but she says that it would be much better to simply use cash ISA, since the amount of my savings is not too big, I could just lose it all and be left with nothing, but I think that cash ISA on this small amount is really without any purpose. What type of savings is best for my case, by your estimation? |
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enid
Apprentice
Joined: 04 Aug 2004
Posts: 5
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| Posted: 01/18/08 - 22:08 Post subject: |
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| I would like to keep your approach, it does seem like there is no point at all to save money with annual percentage of benefit which would be relatively insignificant. But, it may happen that, during the year, you wish to save more, or you get bigger amount of money suddenly, and in that case you could just add it to your savings, continuing where you were before. But, if you like investments, go for it. |
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