www.iva.co.uk

I went to co-op branch today and spoke to them about opening a savings account with them. They suggested an ISA and I'm just a bit worried that this will be ok during br?

I dont think you will have a problem. Banks do know what they are talking about. We dont have your specific information, so it is hard to say yes or no...I would trust them though.

You could check with your OR to make doubly sure Chris.

I don't see why the OR would have a problem with an ISA? It's just a type of savings account.

Did the Co-op say you'd be ok with regards to the credit check or your failed attempt with the other savings account.

I told them that I'd applied online for the smart saver. She said the ISA would be better as it's different criteria. It was referred, which I expected. She said she'd seen lots of ISA's approved for br's and that I should here in a few days.
I suppose it is just a way of saving but just wanted to make sure the OR couldn't claim it---not that there will be much.....lol

failing all else you could save it under your mattress.. interest rates not to good though!![;)]

haha, I'm afraid I won't save too much that way!!!! [:D]
There's a credit union in Sunderland but I'm just waiting to hear back from them as they said they allowed undischarged br's but I would have to provide mt discharge papers!! [:I]

what harm can a savings account do.. you can't overdraw on it or get credit cards.. I don't get it

I know, it's been mentioned that the banks may be worried that funds will be hid from the OR....no worries there....I've got my millions in an off shore account!!!!! I WISH!!!!! LOL

An ISA is an excellent account at the end of the day, as the interest rate is good... the only thing is you are only allowed to invest a max of £3,600 a year (i wish), and so just remember that if you were transferring money in and out all year round, you may sooner or later hit that £3,600 invest limit, and not be allowed to credit any more funds until the next tax year (regardless of your account balance at the time).

Oh Wen, I wish I had £3600 to save in a year!!! Sadly I don't [:(][:(][:(] But hey, I'm in good company [:D][:D][:D]
I take your point about it's the max you can save in the tax year. I didn't realise you could only deposit a total of £3600 until I read the info on the co-op site.
All this clart-on just to save some cash! arghhhh...[:(!]
xx

You certainly are in good company chris!!!