Anyone here moving their savings to dollars or another currency? I’m panicking. Also, is it worth transferring to an ISA rather than keep in savings at this moment?

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Don’t panic - play the long game. If you don’t need access to your funds immediately - don’t take them from where they are unless it is a strategic move. You can hedge by getting some USD or some other strong currencies such as CHF but don’t move all… savings at the moment = losing money… interest paid doesn’t even cover inflation so yes, move it to a Stocks & Shares ISA and leverage the tax free returns - but make sure you invest because leaving the money idle will not help!

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Agree with above, play the long game as it should be with ISAs in my opinion. A stocks & shares ISA will pay off in the long run, better to just invest a set amount you can comfortably afford each month and let it do its thing.

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Me three, now is the time to invest invest invest

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Thank you all for your comments! Any recommendations for an ISA? I can see there’s lots of providers around, so wondering what people’s experiences are

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Follow-on on above. Is there a single paltform through which I can buy invest in any ISA in UK?

I use Hargreaves Lansdown and I’m pretty happy with it!

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Thank you both! Is it self managed only or is there the option for those automatic / guaranteed funds?

I use Vanguard which is pretty easy to setup and use

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There’s pre made funds and you can choose those, or you can make your own funds too I’m pretty sure. Interface is pretty easy to use and understand

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