News Tag: cash ISA
April 9, 2009
Savvy savers should invest as much as possible in their individual savings account (ISA) to maximise their interest payments for the year, Abbey Savings said this week.
Last year, only a third of savers earned the maximum possible interest by depositing all their savings in a lump sum at the beginning of the tax year.
Abbey also revealed that one ...
Abbey: Invest a lump sum to maximise ISA returns
by David Masters
April 2, 2009
Principality Building Society yesterday launched a new individual savings account (ISA) paying interest at a fixed-rate of 5.00% AER tax free.
Between £20 and £300 can be saved in the ISA each month.
If the maximum amount isn't saved each month, then the account can be topped up in March 2010 to ensure that the full £3,600 allowance is used.
The ISA's launch comes as ...
Principality launches 5% ISA
by David Masters
March 20, 2009
Many people in the UK find individual savings accounts (ISAs) confusing, according to new research by Alliance & Leicester.
The building society found that 71% of Brits did not know that the current Cash ISA allowance is £3,600.
One in five (19%) of those questioned believed that the allowance was still £3,000.
Nearly half of those polled (43%) didn't have any money in ...
Alliance & Leicester: ISAs are too complicated
by David Masters
March 11, 2009
Savers are increasingly turning to investment individual savings accounts (ISAs) as interest rates on cash ISAs continue to plummet.
Research by Barclays shows a 67% rise in the number of investment ISAs opened recently compared to the same period in 2008.
The bank also revealed that nearly half (45%) of investment ISA savers have already hit their £7,200 ISA allowance for this ...
Investment ISAs popular as interest rates plummet
by David Masters
March 9, 2009
HSBC today launched a fixed-rate cash ISA paying interest at 3.1% for 12 months.
The 3.1% rate is available to savers who pay the full ISA limit of £3,600 into the account as an opening deposit.
Funds from previous ISAs cannot be transferred into the account, but withdrawals can be made for a £100 fee.
Richard Brown, HSBC head of savings, said "In the current ...
HSBC launches 3.1% fixed-rate ISA
by David Masters
February 13, 2009
NatWest has launched two new ISAs paying interest at up to 3.51%.
Its online e-ISA, which accepts balance transfers from ISA savings in previous tax years, pays an AER of 3.25% on balances up to £9,999, and 3.51% on balances over £10,000.
The bank asserts that this top rate makes it the most competitive online-only ISA in the UK market - a claim confirmed by ...
NatWest launches 3.51% ISA
by David Masters
February 4, 2009
National Savings & Investments (NS&I) is closing its cash ISA to new customers, and making its direct ISA more accessible.
From 6 April customers will no longer be able to open a new NS&I cash ISA, and current customers will no longer be able to deposit into their cash ISA at post office branches or by bank giro.
Meanwhile, on 1 February the minimum opening ...
NS&I closes cash ISA
by David Masters
January 14, 2009
Research released yesterday reveals that savings accounts are still popular with Brits despite tumbling interest rates.
In a survey conducted by Fairinvestment.co.uk, 36% of respondents said they continue to keep their money in a savings account with banks or building societies despite interest rates falling as low as 0%.
Over a quarter, 26%, put their savings in a cash ISA, 17% choose a ...
Brits keep saving despite rate cuts
by David Masters
M&S Money cuts ISA interest rate
by David Masters
