Stocks and shares or cash ISA?

!thanks

My approximate current setup is as follows:

  • £2000 in a Santander 123 Mini (soon to be student) getting 3% interest up-to £2000
  • £500 in a Virgin Money Regular e-saver getting 2% interest so long as I put £1 - £250 in per month.
  • £200 in a Starling Bank account to be used as general spending (also 0.5% interest)
  • £1 in a Monzo account as a backup
  • £1 in a Marcus account as a backup
  • £5000 currently in a Halifax flexible ISA (0.2% interest)

I don't really have any long-term plans as I'm quite unsure what I aim to do after university, but I know that leaving University is about 4 - 5 years away at the moment.

A lifetime ISA is definitely a long-term commitment for sure, but I don't think I want to commit to something like that right now.

I think my general setup is fine, it's just about deciding what to do with these savings. Would you say that 5 years is a fine time period for S&S, or should I play it safe with a Cash ISA (was going for Barclays' 3-year one for 1.7% interest).

/r/UKPersonalFinance Thread Parent