I got some inheritance money and I want the money to grow, I opened an ISA account a long time ago and by stupidity I withdrew money from that account(meaning i lost my tax benefits), shall I deposit all my money in there, or shall I open a new 1?
Is there any other types of account worth looking into?
Thanks|||Are you talking about an IRA (Individual Retirement Account)? Depending on when you are planning on accessing the money, I would definitely recommend looking into another IRA or a Roth IRA. If you want to access the money sooner than what those allow, then you can look into investing it or using a high-yield savings account. I recommend Emigrantdirect.com. Emigrant Direct is an online savings account with a much better interest rate than you would find at a bank. Your account there is connected to your checking account at your bank and you can transfer money between the two free of charge whenever you want.
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