Open a Help to Buy: ISA for a £3000 bonus before the scheme closes!

Under the terms of the government’s Help to Buy: ISA, your savings will be boosted by a staggering 25% ­– that’s a bonus of £50 for every £200 you save. However, the scheme closes to new applicants on 30^th November and, if you haven’t opened an account before then, even if only to get it started with £1, you’ll lose your chance to benefit from any government bonus. The good news is that if you have an account opened by 30^th November you can keep saving and earning your extra cash until 30^th November 2029.

You can deposit up to £1200 when you open an account followed by a maximum monthly contribution of £200 – £1600 will earn you a top-up of £400. With some great rates of interest available from a number of banks and building societies, our advice is to shop around for the best deal – but do it soon to save missing out.

If you want to find out more about the Help to Buy: ISA scheme, visit the government’s website.