STAKEHOLDER SAVING
Savings Account and Mini Cash ISA
Making sure you’ve got the cash you need, when you need it.
ISAs are Individual Savings Accounts, where there is no tax to pay on the interest you earn on your savings. They’ve been around for a few years, so you may already be familiar with them, or even have one. But now, there are ISAs that are part of the Stakeholder Saving scheme.
Many high street banks and building societies offer Stakeholder Saving Mini Cash ISAs, and some will be happy to set you up with one online.
The main advantages of Stakeholder Saving Mini Cash ISAs are:
- You have easy access to your money, often straight from the cash point
- You can open them with as little as a pound
- You earn interest on a daily basis
But remember:
- You can only put up to £3,000 a year into a Mini Cash ISA
If you already have a Mini Cash ISA, then ask about Stakeholder Saving Savings Accounts. They have similar benefits to Stakeholder Saving Mini Cash ISAs, but you will also need to pay tax on interest earned in the account.
Interested in either a Stakeholder Saving Savings Account or Mini Cash ISA?
Still got some questions?
