With many different types of Individual Savings Accounts on offer these days, it can all be a bit confusing when you sit down and try and figure out what's what, or what the best route to take might be. Fear not, this roundup should hopefully make things a bit clearer so you know your options.
This is blog 1 of 3, in which we’ll be looking at Cash, Stocks and Shares (S&S), Help-to-buy, and Lifetime Individual Saving Accounts.
If you're interested in the Junior, Inheritance, or Flexible Savings Accounts then you can find them here in Part 2. Finally, in the last of the series we’ll do a bit of a Q&A going over combinations of different ISA types, and which ISAs are worth your while over some other choices- depending on your needs. If you're a bit more clued up on the different ISA options, but just wanted to learn more about how they can work together, then head over to Part 3 to find out more.
Before we get into the different types of ISA, it's probably a good idea to explain what they are, just so you're all caught up. An Investment Savings Account (ISA), is a savings account that you don't have to pay tax on (within reason). The differences between ISAs are how they're made up - or what their uses are for.