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These two types of accounts are both excellent vehicles for first time buyers looking to grow their deposits, which are needed on their first home. The 25% government bonus on contributions won't be beaten in any other type of account but which is better out of the two? The answer to that is less obvious and is heavily dependent on your individual circumstances but I explore some potential scenarios on how and why each account might help you on your house buying journey. 💡 I'm Jake a 3rd Year Economics Student and I try to break down some of big financial issues facing us, so we can take this knowledge into positive, actionable change to build better financial habits. So make sure you subscribe so you never miss out on an opportunity to learn something new. 👉 Check out the Blog Website: https://www.justjakesmoney.com/ 📷 Follow me on Instagram for more: / justjakesmoney 💲 Get started with a free share worth £3-£200 when you sign up to Freetrade https://magic.freetrade.io/join/jake/... 🏠 Win your Dream Home for as little as £2 with Raffle House! raffle-house.pxf.io/Ea94P4 Time Stamps: Intro: 0:00 What both accounts offer and who can use them 0:35 Which one is going to be better for you 3:46 ❌ DISCLAIMER: Just Jake's Money is not a financial/investment advisor. I am solely sharing their personal experience and opinions; therefore, all strategies and suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing; therefore, do not act or refrain from acting based on any information conveyed in this video or webpage. For independent financial advice please seek the counsel of a suitable qualified advisor and conduct your own due diligence. Contact for Business Enquiries Only: justjakesmoney@gmail.com