GreersElbow
New member
I've often seen these type of threads pop up now and then on NSC and most OPs are satisfied with the advice given by fellow users, so I thought I would ask myself as I can't afford the financial advisor fees, and given the size of the funds I'm looking to put away, not really necessary.
A little background, I'm going to be studying a masters here in Lincoln; currently working for Anglian Water in a part time capacity, however, expressed my interest in their asset management graduate programme. This would mean relocating to either Peterborough or Huntingdon and as such, requires me to save up for a deposit, rent and additional fees for renting a property.
I am looking to open up an account which would limit my access to the cash I put away, which would be an initial deposit of £1,500 then topped up each month with a portion of my monthly wages. But I don't want to be able to access it like a standard savings account or current account as I know I would dip into it. However, I don't know much about ISAs and have considered the Barclay's investment account, whilst I know it is predominantly for medium term. I'm not looking to make a significant amount of interest or gains on the account, it is purely so I can't touch it as easily as a standard account. Though, an ISA account would be safer as I don't run risk of losing too much if I put it into an investment account.
That said, I'm not sure where to look, some ISAs I have come across don't let you access it for a year and don't allow additional funds put into it, which would not be helpful as I would like to add to it and couldn't say when I would need to access it if I were to be offered a job this time next year, but opened the account in say, August.
I was hoping someone may know more about the subject and to offer a little bit of advice. Anything would be considered helpful!
Thanks!
A little background, I'm going to be studying a masters here in Lincoln; currently working for Anglian Water in a part time capacity, however, expressed my interest in their asset management graduate programme. This would mean relocating to either Peterborough or Huntingdon and as such, requires me to save up for a deposit, rent and additional fees for renting a property.
I am looking to open up an account which would limit my access to the cash I put away, which would be an initial deposit of £1,500 then topped up each month with a portion of my monthly wages. But I don't want to be able to access it like a standard savings account or current account as I know I would dip into it. However, I don't know much about ISAs and have considered the Barclay's investment account, whilst I know it is predominantly for medium term. I'm not looking to make a significant amount of interest or gains on the account, it is purely so I can't touch it as easily as a standard account. Though, an ISA account would be safer as I don't run risk of losing too much if I put it into an investment account.
That said, I'm not sure where to look, some ISAs I have come across don't let you access it for a year and don't allow additional funds put into it, which would not be helpful as I would like to add to it and couldn't say when I would need to access it if I were to be offered a job this time next year, but opened the account in say, August.
I was hoping someone may know more about the subject and to offer a little bit of advice. Anything would be considered helpful!
Thanks!