What best to do with this money?

[Fireinthegrate]

Daughter is 19 and works in retail. She reckons she can save £200 per month.
What should she do with it?
She has just started a help to buy ISA and pays £200 per month into this, but this is paid for from a savings account which was started when she was a baby.
Can she buy another ISA?

Not a cash isa but she can have a stocks and shares one.

Or there are still current accounts just ahead of actual inflation.

Was the help to buy ISA this tax year? If so she will have go for a sticks and shared ISA.

Although, your daughter won't be paying tax on her savings anyway, there's a 3% saver with the Nottingham Building Society at the moment, if you're near one?

Be worth looking at a help to buy ISA next tax year.
One I looked at for someone happened to be at Nationwide B Soc, and the interest rate was good even if she doesn't then use it to help to buy a home, but if she ever wanted to, the Government will add free money on top.

BackForGood. It is a help to buy ISA she just got already.

Longdistance. Thanks. Will have a look at Nottinghamshire. We are near one.

Oh Lordy. One day I'll learn to read Sorry!

Is there any chance that she will inherit property before she uses the help to buy ISA - if so then she will lose the benefit of it I believe - certainly worth looking at the govt terms and conditions very closely.

Suttonmum1. Hopefully she won't inherit before the end of the help to buy ISA!

I'll take a look on MSE and see what might be the best savings account too.